News for hackers. Stuff that matters.

A comment on Elon Musk makes $43B unsolicited bid to take Twitter private. Parent comment

Re:Elon Musk makes $43B unsolicited bid to take Twitter private by randyrand on Thursday April 14, 2022 @01:01PM (#31029728)
Fiduciary duty =/= short term gains of company stock.

Shareholder interest =/= money. Shareholder votes allow other considerations can be taken into account.

I agree with your comment, but it's not that hard to reject IMO.

[ Parent | on HN ]
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by missedthecue on Thursday April 14, 2022 @05:37PM (#31033631)
Boards have been sued and won against for not taking takeover bids. So there is some precedence.
[ Parent | on HN ]
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by texasbigdata on Thursday April 14, 2022 @02:00PM (#31030726)
Delaware law is a bit more nuanced here.
[ Parent | on HN ]
Re:Elon Musk makes $43B unsolicited bid to take Twitter private by ABCLAW on Thursday April 14, 2022 @03:54PM (#31032430)
Not really. The OP in this thread is very overblown. The business judgement rule is a cornerstone of corporate law in most western jurisdictions - Delaware's framework, if anything, enhances the value of the scope and level of deference offered by the rule.

https://corplaw.delaware.gov/delaware-way-business-judgment/...

[ Parent | on HN ]