> the board also has a responsibility to protect minority shareholders from people exactly like Elon [...] they may quite reasonably believe that a vainglorious egomaniac who has been repeatedly sanctioned by the SEC may, in fact, not be the ideal owner of a social media company.

This was covered towards the beginning of the podcast. Legally, the role[1] of the board in this situation is to get the best stock price, and not about the future fate of the business.

1. https://en.m.wikipedia.org/wiki/Revlon,_Inc._v._MacAndrews_%....

(HN is truncating the final . in the link)