Comment on Tesla shares plunge 15%, suffering steepest drop in five years
brucethemoose@lemmy.world 1 month agoIt is their fiduciary duty to fire him, but I get what you mean and agree I guess.
Just how much of shareholders’ support of Musk grassroots, though? I imagine large institutions wouldn’t care if he’s gone or not, as long as it’s financially optimal.
partial_accumen@lemmy.world 1 month ago
Sure, but Musk isn’t financially optimal for Tesla, and the board has a duty to protect the shareholders. Firing Musk would be doing their jobs of protecting the company from the fallout of Musk’s actions.
Also, Tesla shareholders have sued the board, and won, already once.