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He demanded voting rights, not equity. That's an important distinction. I'm willing to bet a percentage of Tesla stockholders would be more than happy to have M
by HWR_14 3y ago
He demanded voting rights, not equity. That's an important distinction. I'm willing to bet a percentage of Tesla stockholders would be more than happy to have Musk have more control.
But it could be trivially met by just making his next options for super shares with 100x (made up ratio) the votes.
- rfw300 3y agoDelaware corporations cannot transition to a dual-class stock structure post-IPO.
- HWR_14 3y agoThank you. I was unaware of that. It still seems like there may be creative options that costs less than $86 billion.
- foepys 3y agoIf that's true, then it's just a plot to let Tesla's shareholders pay for his Twitter shenanigans?
- HappySweeney 3y agoThis is exactly it, also a way to get out from under the Saudis.
- nocoiner 3y agoIs that a statutory restriction (or an NYSE/NASDAQ rule?), or just the practical impossibility of getting a charter amendment?
- deleted 3y ago[deleted]