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And? Musk's companies are separate business entities.
by andrew_ 3y ago
And? Musk's companies are separate business entities.
- airstrike 3y agoBut since he owns them, he can do whatever he wants with them? Unless you're arguing he's forming a trust / cartel, which I don't think is the issue being debated here
- avarun 3y agoHe doesn't wholly own any of them though?
- airstrike 3y agoyou don't need whole ownership to control a company, just a controlling interest
- jwestbury 3y agoSure - but this holds for public companies, too, especially those with different classes of share. For instance, Drew Houston has >50% voting power for Dropbox, despite it being a public company in which he nominally owns <50% of shares. Having investors, even if you own a controlling interest, still has implications on company decisions and possible legal action.