Twitter’s Board Gets ‘F’ From Former SEC Chair for Not Acting in Best Interest of Shareholders Regarding Elon Musk’s Offer
Twitter’s board of directors deserves an “F” grade for the way it’s handled billionaire entrepreneur Elon Musk’s offer to buy the giant social media platform, former SEC Chairman Harvey Pitt told Yahoo! Finance Live on Monday.
Asked to grade the Twitter board of directors’ “poison pill” plan to prevent Musk from purchasing the company, Pitt explained that the board gets an F for ignoring their responsibility to act in the best interests of the company’s shareholders:
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About the Author: NC Scout
NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .
GUNS N GEAR
