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The board had a fiduciary interest and did what was best for Elon. They had no rational other than “I love the guy” and “it’s what he wanted.” The judges only
by hindsightbias 3y ago
The board had a fiduciary interest and did what was best for Elon. They had no rational other than “I love the guy” and “it’s what he wanted.”
The judges only interest is having to act in the best interest in shareholders in the absence of the board performing their duty.
- kklisura 3y ago"I love the guy" is an understatement... > The working group included management members who were beholden to Musk, such as General Counsel Todd Maron who was Musk’s former divorce attorney and whose admiration for Musk moved him to tears during his deposition. [1] [1] https://courts.delaware.gov/Opinions/Download.aspx?id=359340 https://courts.delaware.gov/Opinions/Download.aspx?id=359340