Re:Elon Musk to join Twitter’s board of directors
by elicash on Tuesday April 05, 2022 @12:57PM
(#30921523)
"Schedule 13D is intended to provide transparency to the public regarding who these shareholders are and why they have taken a significant stake in the company. The form signifies to the public that a change of control, such as a hostile takeover or proxy fight, might be about to take place so that current shareholders in the company can make informed investing and voting decisions."
Re:Elon Musk to join Twitter’s board of directors
by wewtyflakes on Tuesday April 05, 2022 @01:06PM
(#30921676)
I think there is a perception that he regularly engages in bad faith, and this is not a simple one-off administrative mistake.
Re:Elon Musk to join Twitter’s board of directors
by spicybright on Tuesday April 05, 2022 @02:15PM
(#30922745)
It's really isn't a lot to ask to fill a form out correctly for transparencies sake. Especially with something as important as this.
I'd almost say it was on purpose for whatever reason. You don't get rich like Elon by hiring incompetent lawyers.
But why is that form there and what is the consequence of filing one way or the other? I mean besides being punished for doing it wrong, why does that rule exist and what are the effects of filling it out one way or the other?
Why is this anything more than an administrative mistake? Did he get some benefit from filing the form that way?
... or, what it seems, is this just a "gotcha!" for people to complain about on the Internet.