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Elon Musk absolutely has standing, as one of the biggest donors to the nonprofit. I assume he will settle for some ownership in the for-profit, though.
by pclmulqdq 2y ago
Elon Musk absolutely has standing, as one of the biggest donors to the nonprofit. I assume he will settle for some ownership in the for-profit, though.
- melodyogonna 2y agoDidn't he already refuse the shares offered to him?
- pclmulqdq 2y agoI'm sure they just didn't offer him enough shares.
- mminer237 2y agoMaybe. In California that has been ruled to not be the case: https://www.thetaxadviser.com/issues/2021/sep/donor-no-standing-sue-donor-advised-fund.html https://www.thetaxadviser.com/issues/2021/sep/donor-no-stand... I don't know the laws of Delaware well, but I would be surprised if he has standing even as a donor.
- pclmulqdq 2y agoThat was also specifically about a donor-advised fund, which is different than a nonprofit corporation. Elon Musk's tort would be something like "fraud in the inducement" or some weird theory like that not for a breach of fiduciary duty.
- 0xDEAFBEAD 2y agoI suppose Open Philanthropy does as well, then.