light reading for best news release day Tuesday.
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Posted On: 04/30/2024 2:29:27 PM
light reading for best news release day Tuesday.
Some easy reading tidbits
in my opinion
cheers
Some easy reading tidbits
Quote:
If nothing else, Elon Musk knows how to grab a headline. The tech genius and head of Tesla has been the focus of headline after headline. From Tweets stating private funding was available to buy out Tesla shares to another claiming the price of Tesla stock was too high, these tweets got more than just the public’s opinion—they got the attention of the Securities Exchange Commission (SEC).
The comments led the SEC to move forward with a lawsuit for a securities violation. The lawsuit led to a settlement that included a requirement Musk step down as head of the company and have any social media messages about the organization vetted before getting posted. Investors have stated that his “erratic” actions have hurt the company and are moving forward with a lawsuit against Musk and the board.
Quote:
The CEO also has a duty of care, loyalty, and disclosure.
Quote:
A breach of fiduciary duty occurs in a variety of situations, such as when the fiduciary puts his own interests before the company and shareholders or when the fiduciary engages in other behavior that could be detrimental to the company and shareholder interests, such as embezzling company funds.
in my opinion
cheers
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