Isn’t tesla one of those companies were the board and voting rights on the stock were set up in such a way that the board has very little control, sort of like Zuckerberg and Facebook? ?
As I understand it, the board is set up to require something like a 90% vote for something like that, and it’s loaded with his friends. It’s a good setup for getting things done in a hurry in accordance with one man’s vision, but now... it’s pretty much useless.
Re:Poaching Tesla
by TheSpiceIsLife on Sunday September 09, 2018 @07:14PM
(#17948306)
> and it’s loaded with his friends.
All the more embarrassing for them!
Re:Poaching Tesla
by dragontamer on Sunday September 09, 2018 @12:57AM
(#17944444)
The board of any company is selected by the shareholders, and the biggest shareholder of TSLA is Musk.
Re:Poaching Tesla
by anticensor on Sunday September 09, 2018 @02:28AM
(#17944644)
Does constitution of Tesla lack rule of exclusion for board elections? Musk should not have been able to vote for himself.
What I don't understand is, why isn't the board putting him under severe pressure to do this? Something like: Musk old buddy old pal, you need to pull your head in for another year or so, then maybe he can go on a "sabbatical", without your Twitter password, and have a massive bender.