Hacker News new | ask | show | jobs
by Zerverus 1523 days ago
See Facebook founders

:shockedpicachu: when Americans find out that corporate governance isn’t nearly as restrictive as democracy.

2 comments

This would not be possible in this case - it would be a clear breach of fiduciary responsibility and immediately picked up by musks legal team.

Even in facebooks case before they went public, they were sued for this and ultimately settled for $5.5 billion.

Facebook wasn't publicly traded when they did that. It's a different beast after you IPO.