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> How do Musk’s personal statements/opinions outside of work count as work-related issues? Are the communications from an account listed as their corporate dis
by disclosureacct 3y ago
> How do Musk’s personal statements/opinions outside of work count as work-related issues?
Are the communications from an account listed as their corporate disclosure account?
- throwaway2037 3y agoMy guess: The most senior employees (C-suite and close to it) have special responsibilities and legally much great accountability. What a CEO of a public company says on public media (including Twitter/X) has far greater legal consequences for the company and the CEO than someone a few steps below. This is pretty normal for highly developed countries. Note: Responsibilities may change in different countries depending upon if the company is private or public.
- disclosureacct 3y agoCorporations with shareholders must list specific accounts as disclosure accounts; because otherwise sharing insider business related information is unfair insider advantage. When you list a social media account as a disclosure account for a business, it should then be clear that there's liability to all such communications through such account.
- throwaway2037 3y agoWhile this is true regarding disclosures, my post was mostly about Elon Musk saying stupid things on his personal account. These have a far higher legal impact on his businesses and himself that would be for a lower ranked employee.