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this post was submitted on 02 Apr 2024
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To be fair, while they didn't "make" him buy Twitter, they did twist his arm pretty good when presenting his options. Either it was a major federal financial crime, or he actually meant it and he was totally gonna follow through with it.
The "they" in your sentence was the SEC, not Tesla Inc.
Why should Tesla Inc be forced to part with more stock given to Mr. Musk to compensate for consequences of Mr. Musk's own actions wholly separate from his duties and responsibilities at Tesla Inc?
You mean he said a bunch of stupid shit that got him an a legal bind? Yeah still his fault.
He thought he could pull a fast one, fucked around and found out.
Then made it Tesla shareholders problem by cashing out tens of billions of Tesla stock.
He wasn't forced to go down the waterslide until he tried to stop halfway down.
He twisted his own arm. I didn't really read the specifics but given the securities fraud he committed that the SEC did not prosecute, this one must have been pretty serious.