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How is there not a massive shareholder lawsuit against Elon Musk right now. Clearly he and his fiduciary duty could not be more separate.
by legitster 2y ago
How is there not a massive shareholder lawsuit against Elon Musk right now. Clearly he and his fiduciary duty could not be more separate.
- mrcode007 2y agofirst, folks need to exit/reduce their positions stealthily without disrupting the market. this takes time; for big positions it is not unusual to be exiting it for more than 6 months
- jimnotgym 2y agoThe fun part will be if everyone is trying to do it at the same time, as they probably are. They will be trapped and have nothing left to do but sue
- TheAlchemist 2y agoThis is true, Tesla as a car company would have been much better if Musk quit it at least 2 years ago. Tesla as a stock, which is the primary product of the company, would crater immediately, by something like 90%. All of it's "future value" is derived from fantasies closely tied to Elon Musk "genius". If one value Tesla as a car company, it's worth something like 10$/share. PS. Tesla head of board of directors, Robyn Denholm, sold almost 120M$ worth of shares in the last 3 months, something like >60% of her holdings.
- tim333 2y agoI'm not sure suing ceos for bad choices is a thing. Has it ever been done successfully?