[HN Gopher] The Board of Directors Is in Charge
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       The Board of Directors Is in Charge
        
       Author : ioblomov
       Score  : 29 points
       Date   : 2024-02-29 18:22 UTC (4 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | EchoChamberMan wrote:
       | https://archive.is/igIqF
        
       | olliej wrote:
       | I found this to be a really interesting article, both in the
       | general "just because someone owns a majority of the company the
       | board is not required to just do what they say because they
       | represent the interests of all stockholders", but also a few
       | other points - I assumed Musk owned much more of Tesla as a
       | result of his stealing it from the actual founders, and even now
       | we still don't know what Altman did/did not do that resulted in
       | the absurd OpenAI train wreck a few weeks back.
        
       | say_it_as_it_is wrote:
       | The judge who ruled against Musk is ruling that board decisions
       | are debatable when someone has majority control over its
       | decisions. This suggests that ALL of the board's decisions made
       | while Musk held majority control are debatable.
        
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       (page generated 2024-02-29 23:02 UTC)