Unless he does a hostile takeover.
https://www.dailymail.co.uk/home/index.htmlHad he taken a board seat, the SpaceX CEO would have been limited in how much of the company's shares he could own, with a 14.9 percent cap.
Musk could now remain a passive investor or plan a hostile takeover of the company.
Hope so.... Twitter as it is , is a dirty echo chamber narrative control censorship crazy virtue signalling shit hole, absolute dirt.
Maybe Musk didn't like the conditions of taking a seat on the board. The Chief Executive said he would have "to act in the best interests of the company and all our shareholders". Best interests is an umbrella term that could mean anything the company wants it to.
https://www.dailymail.co.uk/news/article-10706401/Elon-Musk-NOT-join-board-Twitter-CEO-says-believe-best.htmlWe also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward.
Fiduciary duties have various requirements under the law, and it is not merely what the "company" might say that it wants.. so fuck that nonsense definition regarding what a fiduciary is. In essence a fiduciary can still have a lot of discretion, but a fiduciary is also going to be subject to law suits from the company, shareholders or the government if it seems that the fiduciary is acting against the interests of the shareholders, for example. I guess my point is that even if the fiduciary has obligations, a fiduciary also has a wide-range of reasonableness in carrying out its fiduciary duties, so I would imagine that Musk is way the fuck too childish in both what he wants to do than to be restricted by fiduciary duties, even if those fiduciary duties would still leave him with a lot of discretion.. but it would not allow him to be his typical self of being all the fuck over the place and making base-less requests regarding what he would like or not like and then flip-flopping all over the place unless he could establish some kind of reasonable basis (even if others might not agree with his reasonableness, but if he were to continue with his historical practices of all over the place nonsense, then he likely would end up putting himself in legal jeopardy sooner or later - probably sooner).