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The problem is that those other businesses aren't really his. There are too many other people on board. They're also not related businesses. It's one of thing i
by threatofrain 2y ago
The problem is that those other businesses aren't really his. There are too many other people on board. They're also not related businesses. It's one of thing if there's a cabal of companies acting in concert to stifle competition, but these companies are as different as they could possibly be.
Now stockholders should be asking whether going into Brazil is worth the risk because any major stockholder might be punished for their position in an entirely unrelated company. The answer may be yes, it's worth the risk, but the question should definitely be asked.
- Rinzler89 2y agoCan't the rest of majority stockholder push Elon to comply with Brasilian court rules instead?
- threatofrain 2y agoIt's not just Elon who is punished. It's easier to track exposure to Brazil than exposure to any high level official in a company or stockholder who may be punished for activity in another irrelevant company. Also, imagine we realized that Sundar Pichai also had a major position in Costco. So then we started to crash Costco to make Sundar Pichai direct Google policy. And the stakeholders in both companies who don't care and are just using this as retirement strategy are exposed.
- brunoarueira 2y agoYeah, this is basically a conflict of interest! Force someone to act because something is forced upon another.