this post was submitted on 01 May 2024
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Technology
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This shit can destroy companies and tank its value
Leaving hundreds of contacts in limbo with no resolution has the potential to cost more than $17 million in legal fees and termination clauses.
Where the fuck is the board of directors and why are none of the shareholders revolting?
To give you an idea of who is on the tesla board of directors, it includes Kimbal Musk, his brother, and James Murdoch, of the Murdoch family you’re probably thinking of. Musk himself owns something like 20% of the company, the board owns some, his cult members also have some share. The rest of the shareholders are either institutional or retail investors who are some combination of not willing to rock the boat, don’t have enough voting power, and/or just don’t care.
We the shareholders trust Musk completely. He is, after all, a genius.
Nah, I’m playing! Only thing I ever had shares of was the ex wife, and I wasn’t even aware she was publicly traded until I accidentally dropped in on a shareholder meeting. I gave mine away. :p