Re:At all-hands meeting, Musk tells employees Twitter may go...
by amitamit on Thursday November 10, 2022 @10:52PM
(#33557138)
Not really.
The Board has a fiduciary responsibility to the shareholders. They can say NO to a "serious offer" only if they can claim with confidence that the offer is undervaluing the assets, or if there is another better offer. Neither was true for Twitter.
The Board has a fiduciary responsibility to the shareholders. They can say NO to a "serious offer" only if they can claim with confidence that the offer is undervaluing the assets, or if there is another better offer. Neither was true for Twitter.