Live data from Hacker News

Elon has decided not to join our board

twitter.com

511–520 of 542 posts

Re: Elon has decided not to join our board

#511
post #318
post #207

Earlier quoted context omitted.

The explanation is as clear as you'll get. They wanted Elon to act like a board member – be a fiduciary of the company, be trusted with confidential data, consult leadership before making announcements, don't disparage it in public. Elon decided that being able to Tweet about the company on a whim was more important to him.

does the SEC care whether you are on the board or not if you have a very sizable stake anyway?

yes because the board gets confidential info and has a fiduciary duty.

a sizeable investor is no different than us in that they have no non-public info

Re: Elon has decided not to join our board

#512
post #409

Earlier quoted context omitted.

Both could be factually true at those points in time. On Tuesday they thought this was good idea. Interacting with Elon and market reactions in the next few days could have convinced them that best idea was not to have him.

And actually at the same point of time: It can be best to offer him the position and for him to decline. Better then not offering the position, or him accepting.

Well that would be better if he turned down when it was offered, he accepted and retracted 2 days later .

Re: Elon has decided not to join our board

#513
post #510

Earlier quoted context omitted.

Go nitpick somewhere else.

Pretty sure the people who use terms like “differently abled”, “LatinX”, “they/them” etc., are the ones forcing their nitpicks on everyone else.

Great alt right bait there mate.

Re: Elon has decided not to join our board

#514
post #308

Earlier quoted context omitted.

> They have no authority or control over gas prices, supply chain issues, or autocrats invading other countries. They may not have direct control... but nobody is arguing the President literally said "supply chain issues, start existing!" or failed to say "gas prices, you better not rise!" while waiving his finger. Presidents absolutely have indirect control over all of those things though, and more.

Suppose you were President. How would you control those things, and with what authority? And how would you prevent unintended consequences that are worse than the problems you set out to solve? You don’t have to answer this question, but it’s a really useful thought exercise. Leadership is much harder than people often realize.

I would probably use Trump’s playbook during his administration as a guide since it resulted in low inflation, low gas prices, no supply chain issues, a Putin kept in check, etc. In contrast, the current President definitely appears to be finding leadership harder than he realized despite his 50 year career in politics.

Re: Elon has decided not to join our board

#515

Earlier quoted context omitted.

However the Alt text version is slightly different from the posted one , so not really good substitute.

There's no requirement or inherent value in them being identical. They should provide as much of the same essential information as possible, and in this case they do. It's reasonable for the main image to include more non-essential data or aesthetic flourishes than the alt, which again is the case here. There are definitely accessibility issues with using images as a text medium, mainly that the poster has to be awar…

For an actual image of an object that makes sense, but for image of just text I would expect it to match, there is lot of reading in between the lines , exact words used are important and this is a statement that will influence the stock price.

We are at the stage where business critical market moving press releases are now made on twitter as an image by twitter’s ceo because twitter won’t support longer text, two days after twitter deployed an major update to alt text [1] .

[1] https://techcrunch.com/2022/04/07/twitter-alt-text-badge-ima...

Re: Elon has decided not to join our board

#516

Earlier quoted context omitted.

Go nitpick somewhere else.

You can say „disabled“ just fine. I have a disability and I never met someone who preferred differently abled. It‘s not a slur (yet)

Sure I’ll take that on board. I try and live with a ‘don’t be an asshole’ mantra but it’s fairly hard to navigate correctness on terms I don’t frequently use. I would assume that in almost all scenarios, incorrect but good intent probably indicate innocent mistakes.

No offence was intended though (;

Re: Elon has decided not to join our board

#517

I think it’s more likely that Elon wants to keep his options open. As a board member he would have a fiduciary duty’s that would prevent him from doing certain things. Most notably, it would keep him from purchasing more shares and orchestrating a hostile takeover by way of taking a majority stake in Twitter.

In other words, taking a board seat would have limited him to holding no more than 14.9% of Twitter shares. Now he can take control if he wants.

Re: Elon has decided not to join our board

#518

Earlier quoted context omitted.

So, it's kind of horrifying, but so does Trump. Musk's fanbase is probably more Very Online than Trump's, but it's still a lot smaller.

Indeed. Musk is famous because he's rich. Trump is rich because he's famous.

Well, Trump is rich because he's famous because he was rich, more precisely.

Re: Elon has decided not to join our board

#519
post #514

Earlier quoted context omitted.

Suppose you were President. How would you control those things, and with what authority? And how would you prevent unintended consequences that are worse than the problems you set out to solve? You don’t have to answer this question, but it’s a really useful thought exercise. Leadership is much harder than people often realize.

I would probably use Trump’s playbook during his administration as a guide since it resulted in low inflation, low gas prices, no supply chain issues, a Putin kept in check, etc. In contrast, the current President definitely appears to be finding leadership harder than he realized despite his 50 year career in politics.

[deleted]

Re: Elon has decided not to join our board

#520

Earlier quoted context omitted.

"Two of the most successful companies in existence" Tesla, at bill profit, is about half an order of magnitude away from being in the top 10 most profitable: https://www.investopedia.com/the-world-s-10-most-profitable-... So surely a successful company. At this juncture, one of the most successful ever in existence? Hype.

Profit is not the only way to measure success.

Similar numbers if you use revenue. You're free to suggest alternative measures.

Now, I'm not saying that Tesla is not on their way, but they are not yet there

Post reply on HN