Senator Elizabeth Warren has written to Dr. Robyn Denholm, Tesla’s Board chair, to raise questions about conflicts of interest, use of Tesla resources for Twitter, and other concerns over Elon Musk’s Twitter acquisition. The full text is below. Highlights [footnotes omitted]: Mr. Musk’s acquisition created unavoidable conflicts of interest. For example, Twitter relies on advertising…
Tag: Twitter
VEA Vice Chair Nell Minow Quoted on Musk’s Planned cuts at Twitter – The Washington Post
The Washington Post reports that Elon Musk plans to fire up to 75 percent of Twitter employees after he takes it over, according to his sales pitches to potential co-investors. But since he waived due diligence and has only publicly available information, we are skeptical of this strategy. Nell Minow, a corporate governance expert who…
Twitter schedules shareholder vote for embattled Elon Musk deal – The Washington Post
Nell Minow, a corporate governance expert who is vice chair of ValueEdge Advisors, said Twitter’s timing for the shareholder vote, which is a required step in completing the deal, is probably not a coincidence. Holding the shareholder vote before the trial signals that Twitter is continuing the deal as normal.“I think it’s strategic,” she said….
Twitter Sues Elon Musk to Force Him to Complete $44 Billion Acquisition – The New York Times
Our prediction is that this will end in a settlement with Musk paying somewhat less than the $1 billion kill fee he recklessly agreed to when he even more recklessly waived almost all rights of inspection. This may be Twitter’s all-time highest ROI. Twitter sued Elon Musk on Tuesday to force the billionaire to complete…
Is Elon Musk Inching Away From Twitter
When Twitter’s board abruptly changed its tune on his offer to buy the company — from poison pill to LFG!! — bankers surmised what had happened. Goldman Sachs, on behalf of Twitter, had gone out and asked every other potential buyer it could think of to swoop in and make a better deal — and…
GOP Members of Congress Pressure Twitter on Musk Offer
The Republican party, which once prided itself on being the party of free market economics and support for business and deregulation (VEA Chair Robert A.G. Monks and Vice Chair Nell Minow worked on President Reagan’s Task Force on Regulatory Relief) has become the party of government intrusion on business, the nanny state. if the nanny…
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