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>but at what point do Tesla shareholders sue the company? Musk's actions, like them or not, are actively hurting the company. Claiming that an executive breach
by gruez 2y ago
>but at what point do Tesla shareholders sue the company? Musk's actions, like them or not, are actively hurting the company.
Claiming that an executive breached his fiduciary duty requires clearing a pretty high bar, far higher than "his actions hurt the company". Practically speaking the best recourse tesla shareholders have is to either sell their shares, or launch a proxy fight.
- Eddy_Viscosity2 2y agoHe relocated to Texas specifically because it was a friendlier judicial environment for him. Even in the incredibly unlikely event this approach worked and the court ruled against him, he'd just relocate to a state that offered him a better deal. There is no accountability in our present system for someone like Elon Musk. Too rich, too connected, too powerful to touch.