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what does Kimball Musk, Elon's cousin, do on a daily basis? he has made about $10 million off stock options in 2 years.
what is the justification for having him on the board and getting all that money?
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but Tesla is making it hard. i want a new board and new CEO.
Elon has gone crazy and the board is just a shell.
i don't want to buy the stock and have it tank to make changes.
the big shareholders have to step up and demand changes. i want Elon and Kimbell gone.
Kimbal and Elons brother in law who are on the board dont want to kill the goose laying the golden parachutes.
I worked for a company and a coworker had no experience. Found out her dad was the head of one of the biggest companies in the world and was on our board. I knew the President of our companies daughtet since I lived a few blocks away from her parents summer home. I ran into her one day and asked her what she was doing in the area and she said "Oh I work at XYZ"
You give my kid a job and Ill give your kid a job and its not what you know but who you know that matters. Funny thing is that another friends dad was on the board at GM and also had the newest Cadillac model every year. When the new Knight Rider type Firebirds came out back in the mid 80s she got one right away. She got a flat and I was helping her boyfriend change the tire and the jack broke and the car almost fell on us. The follwing year he bought her a Honda since he said GM was going downhill. If Kimbals kids start driving VWs then we know Tesla is in trouble.
He also sits on Chipotle board and has a great resume and is a University graduate. Seems like a great guy to have on board.
Still Grinning ;-)
I nominate Richard Branson
There might be a conflict over Virgin Galactic and SpaceX, being too close.
All the same.
Just seems like they both have the right idea..
Still Grinning ;-)
Yes.
Still Grinning ;-)
What if EM springs a huge surprise, what might it look like?
Like this:
1: He takes it private
2: He goes in with someone like Branson as a merger and gets the new Chair out of the merge.
3: He sticks it to the SEC by going with the Saudis
Because he has 60 days, and nothing has been said other than it is wrong about Murdoch, expect the least obvious but Muskish solution.
It just wont be conventional.
Buy , or Sell, now. Or hold. But hang onto your hats.