[MBCook]

I also blame the previous management. They should have gone forward with the lawsuit.

Instead they took a payout and this happened.

They destroyed their company. I don’t think they knew it would be this bad this fast, but it was never going to go well.

I blame them all.

[elguyosupremo]

The lawsuit from the previous management was to force Musk to go through with the sale when he tried to go back on the deal, they didn't make any attempt to stop the sale because they knew he was paying an absurd price.

I don't know that the board had much of a choice though, the best fiduciary sense for all current stockholders was to let him buy the company, what happens after that is of no concern to them. It's the perverse reality when a corporation only exists to make money for the shareholders.

[piva00]

It's free market capitalism, no? The fiduciary duty of the previous management was to its shareholders (as much as I hate that), if you subscribe to that line of thinking then the board and management did what was right for Twitter's shareholders: extract as much value as possible for the shareholders.

Don't think there was a better financial outcome for them.