Elon Musk
As contained in a recent tweet from Parag Agrawal (the CEO of
Twitter), Elon Musk has decided not to join the board.
The brief note to the company reads:
“Elon Musk has decided not to join our board. Here’s what I can
share about what happened.
The Board and I had many discussions about Elon joining the board,
and with Elon directly. We were excited to collaborate and clear about the
risks. We also believed that having Elon as a fiduciary of the company where
he, like all board members, has to act in the best interests of the company and
all our shareholders, was the best path forward. The board offered him a seat.
We announced on Tuesday that Elon would be appointed to the Board
contingent on a background check and formal acceptance. Elon’s appointment to
the board was to become officially effective 4/9, but Elon shared that same
morning that he will no longer be joining the board. I believed this is for the
best. We have and will always value input from our shareholders whether they
are on our Board or not. Elon is our biggest shareholder and we will remain
open to his input.
There will be distractions ahead, but our goals and priorities
remain unchanged. The decisions we make and how we executive is in our hands,
no one else’s. Let’s tune out the noise, and stay focused on the work and what
we are.
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