Hacker News new | past | comments | ask | show | jobs | submit login

Which is kind of why he wants to go private. Because these rules are designed to prevent the behavior of corrupt CEOs, which he is not. Being public makes him richer, but ties his hands and prevents him from making certain decisions.



That sort of depends on your definition of "corrupt", and I'm not sure you can say that so definitively. Yes, Musk isn't running these companies to line his personal pockets. But he's been incredibly clear that his goal is to raise funds for his Mars colonization project, which creates a tension between that aim and his fiduciary duty to Tesla. (This is not to say he's guilty of anything, but that even intentions we see as pure don't exempt him from standard practices.)




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: