- cross-posted to:
- enoughmuskspam@lemmy.world
- electricvehicles@slrpnk.net
- cross-posted to:
- enoughmuskspam@lemmy.world
- electricvehicles@slrpnk.net
cross-posted from: https://lemmy.dbzer0.com/post/43304669
cross-posted from: https://lemmy.dbzer0.com/post/43304669
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.