He filed forms that he was going to be a passive investor, and the same day joined the board after discussion that had been in the works for weeks. This is strike two on misleading investors. I haven't seen analysis on whether it was illegal, but I wouldn't want somebody like him on my board even if it succeeded in keeping him from buying up more stock. With him on the outside, maybe he causes more trouble than on th…
> He filed forms that he was going to be a passive investor This was almost certainly done by a lawyer working on his behalf. This strikes me as a technicality of paperwork that is being seized upon by the media as a way to portray Musk in the worst possible light. > I wouldn't want somebody like him on my board In this hypothetical, what is your role (i.e. fellow shareholder, CEO, employee)? I ask because shareholde…
This is like saying that you can’t be responsible for tax dodging because your accountant filed on your behalf.
> This strikes me as a technicality of paperwork that is being seized upon by the media as a way to portray Musk in the worst possible light.
Almost all of securities law is “technicalities”, it still has the force of law.