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1) Elon Musk is not the sole owner of private Twitter. He still has a fiduciary duty to his other investors. 2) Even if it were wholly owned a corporation is s
by Veserv 3y ago
1) Elon Musk is not the sole owner of private Twitter. He still has a fiduciary duty to his other investors.
2) Even if it were wholly owned a corporation is still not the same entity as the owner. Using a wholly owned corporation for personal benefit is a direct violation of the corporate veil. That is a violation of corporate structure and usage as such means Elon Musk should be personally liable for the entirety of Twitter and its action.
- Zigurd 3y agoYou are being very kind: Elon has "borrowed" tens of millions worth of Tesla employees for work at Twitter. That looks very much like self-dealing at a publicly traded company. "Surely Twitter paid for these people' you might say. Probably not, if Twitter is not paying rent, or cloud providers, or severance, or cleaners.