• tigeruppercut@lemmy.zip
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    3 days ago

    As a publicly traded US company, can’t the board of directors vote Elon out because of tanking sales? Seems like that’s the only way for the company to survive at this point.

    • buddascrayon@lemmy.world
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      3 days ago

      He’ll still retain his shares. Which is the source of his wealth.

      For my money I’m going to throw a goddamn party if this cursed stock hits double digits.

    • Tja@programming.dev
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      3 days ago

      In a normal company they could, but the board are all loyal to him, not the company. Recently they insisted in giving him a 50 BILLION bonus, yes, with B. No chance they will intervene. And putting a puppet CEO like at Twitter won’t have a strong effect either.