Elon Musk questioned Twitter directors’ alignment with shareholders over the weekend, citing most of the board’s small personal stakes in the social media company. The entrepreneur and world’s richest person offered to acquire Twitter in its entirety last week, to which the company’s board responded with a poison pill defense.
“Wow, with Jack departing, the Twitter (ticker: TWTR) board collectively owns almost no shares!” Musk tweeted on Saturday. “Objectively, their economic interests are simply not aligned with shareholders.”
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