Re:Tesla, Musk must face shareholder lawsuit over going-priv...
by toomuchtodo on Wednesday April 15, 2020 @07:16PM
(#22884277)
As a shareholder, I’m still long, but want Musk to be held accountable. Incentives are important.
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Re:Tesla, Musk must face shareholder lawsuit over going-priv...
by slg on Wednesday April 15, 2020 @07:43PM
(#22884501)
That accountability is more likely to come from the SEC's previous punishment than this lawsuit. It seems like many of the people here are acting as if this shareholder lawsuit is the only recourse against Musk's actions. My original comment was made in the context of that punishment already being handed down.
Re:Tesla, Musk must face shareholder lawsuit over going-priv...
by xkjkls on Thursday April 16, 2020 @03:19PM
(#22892518)
That punishment was a slap on the wrist compared to how much actions like this poison the public markets. Knowing the SEC won't act with real force in these situations will encourage penny stock CEOs and other characters to do the same thing.