Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ...
by AlexandrB on Friday September 28, 2018 @10:59AM
(#18093895)
> it seems perfectly reasonable that he tweet, in exasperation, that he wishes to make the company private.
He's the CEO. That doesn't just mean he gets paid a lot and can do whatever he wants. He also has responsibilities to his investors and potential investors such as accurately reporting on the financial situation of the company. If he doesn't want this responsibility and prefers the freedom to vent on Twitter he should step down. After all, one of the reasons CEOs are so well compensated is the additional responsibilities the job (supposedly) entails. You can't have it both ways.
Edit: It's not a witch hunt to hold someone accountable for their actions in a position of power. No one forced Elon Musk to tweet misleading information that could affect the stock price. Given how intelligent he is, he should know better.
He's the CEO. That doesn't just mean he gets paid a lot and can do whatever he wants. He also has responsibilities to his investors and potential investors such as accurately reporting on the financial situation of the company. If he doesn't want this responsibility and prefers the freedom to vent on Twitter he should step down. After all, one of the reasons CEOs are so well compensated is the additional responsibilities the job (supposedly) entails. You can't have it both ways.
Edit: It's not a witch hunt to hold someone accountable for their actions in a position of power. No one forced Elon Musk to tweet misleading information that could affect the stock price. Given how intelligent he is, he should know better.