he’s a minority owner, don’t think he himself even holds a majority of voting shares outright–there’s some bullshit and shenanigans going on that gives him the ‘control’. iirc, it requires near-90% approval of all non-musk held voting shares to make ‘major’ changes like ousting a board member or ceo. that’s why he’s still ‘in charge’
Comment on Tesla Board Opened Search for a CEO to Succeed Elon Musk
RejZoR@lemmy.ml 6 days agoI mean, just because Elon won’t be CEO anymore doesn’t mean he won’t be getting funds from it to fund his bullshit. He’s still an owner of it…
adarza@lemmy.ca 6 days ago
thanksforallthefish@literature.cafe 6 days ago
it requires near-90% approval of all non-musk held voting shares to make ‘major’ changes like ousting a board member or ceo.
No, you’re thinking of News Corp and Murdoch’s shenanigans.
Tesla has a standard structure. He doesn’t own a majority of shares, but he does own a significatn percentage and investors aligned with him combined have enough for him not to be at any significant risk.
The directors however have a fiduciary duty to act in the interests of all shareholders, so going through the motions of considering a replacement ticks that box.
doingthestuff@lemy.lol 6 days ago
Spoiler, assholes own everything. Good luck finding products that don’t make people you hate richer. Yeah you can find small niche products like beard wax from a local guy, but a car? Please tell me about a great car company.
jonathan@lemmy.zip 6 days ago
For me there’s a big difference between funding someone anonymous (to me) who might be an asshole vs someone known to me who definitely is. I can tolerate the former, but not the latter.
SufferingSteve@feddit.nu 6 days ago
It really is, knowingly supporting someone who is openly evil, is obviously worse than unknowingly supporting someone who is evil, but tries to hide it.
We should not let people be openly evil, it just feels like a real stupid move.
FistingEnthusiast@lemmynsfw.com 6 days ago
Well, Tesla ain’t a great car company, that’s for sure
Their products are shit