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Reply to "Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]In addition, today’s actions by the board violate their fiduciary duty to maximize shareholder returns and if they don’t lead to a sell of the company for over $54.20 will lead to monster lawsuits costing the company billions of dollars.[/quote] Lol, calm down, Elon. Seriously, you’ve f’ed yourself on this one. You lose.[/quote] NP. Possibly, but the Board's fiduciary duty to its shareholders is taken very seriously. I have seen deals where the buyer of a close to bankrupt firm had to up the ante because the Board couldn't accept without violating their duty.[/quote]
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