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Market manipulation? Stupidity? In any case, it doesn't have to be political to want to avoid possible problems from a CEO that keeps running afoul of regulator
by kbenson 2y ago
Market manipulation? Stupidity? In any case, it doesn't have to be political to want to avoid possible problems from a CEO that keeps running afoul of regulatory requirements, whether accidentally or purposefully.
https://www.sec.gov/news/press-release/2018-219 https://www.sec.gov/news/press-release/2018-219
- whimsicalism 2y agoThat Musk tweets stupid things that triggered SEC intervention in his running of Tesla seems irrelevant to whether Starlink is the best fit for rural connectivity.
- kbenson 2y agoAm I to take your stance as "whether CEO shows poor decision making with regard to regulatory authorities in his role as CEO is irrelevant to whether his role as a CEO at a company should affect how people assess long-term suitability of products they offer which happen to be highly regulated.", or is it something else?
- whimsicalism 2y agoIt's frankly irrelevant to the neutral, technical criteria the government should be using to evaluate rural broadband or other contracts. My bet is that if Musk had not made recent controversial statements, this would not even be a topic of discussion - and it is being discussed due to more recent unpopularity.
- kbenson 2y agoHonestly, I was more referring to the general market portion, not the specific governmental decision making, but that does appear to be the context of this thread, even though I missed it originally. I agree that for governmental decision making his behavior hasn't reached a level I think it can or should affect the process. That said, I'm not sure the process should be completely devoid of past regulatory or legal compliance issues, but I don't know how those could be applied evenly, and in the absence of a good framework for that I agree they shouldn't be considered.