Twitter’s Board Has No Skin in the Game – They Own Almost No Stock

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In case you haven’t watched Elon Musk’s Twitter thread today, you need to know what you missed. The Twitter board that turned down Elon Musk’s generous offer to purchase the company, owns — all together — 77 shares, excluding Jack Dorsey.

Apparently, they have a couple of businessmen, a couple of academics, a Baroness, and techs. One board member, Mimi the banker, owns no stock. Some of them don’t even bother to use Twitter themselves but on rare occasions.

Robert Zoellick has never tweeted. Mr. Rosenblatt doesn’t tweet much. Patrick Pichette is tied to Trudeau, Google, and McKinsey. As a group, they’re elite and removed from the rest of us peasants who want our free speech back. More to the point, they are not in sync with the shareholders at all. They have no skin in the game.

That certainly does explain the disconnect. Elon Musk said, “Objectively, their economic interests are simply not aligned with shareholders.”

NBC ‘News’ published a story today expressing their concern about Elon Musk possibly not having enough experience or knowledge to own Twitter. Maybe they should be concerned about the Board members.


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GuvGeek
GuvGeek
2 months ago

Don’t be surprised. Rich Liberals are cowards. They put puppets on Corporate Boards so they don’t have to stand up and be counted.

JackieO
JackieO
2 months ago

Teldar Paper.

Brian Richard Allen
Brian Richard Allen
2 months ago

The first to fall from his unearned and undeserved perch among Twitter’s repugnant twats ought be its CEO: Parag Agrawal.

India-born Agrawal: already an adult before he opportunistically declared, on oath, that he absolutely and entirely renounced and abjured all allegiance and fidelity to any foreign prince, potentate, state or sovereignty, of whom or which he had theretofore been a subject or citizen and that he would support and defend the Constitution and Laws of these united states of America against all enemies, foreign and domestic and that he would true faith and allegiance to the same –and, thus, became an American; is the definitive hesperophobic.

While utterly contemptuous of us and of every aspect of our beloved fraternal republic’s Judeo-Christian founding laws and culture, Parteigenosse-Herr Agrawal seeks to enjoy every benefit of our bounteous generosity, while using Twitter to destroy that generosity’s creators — and its source.

Let Herr Agrawal be the first of Twitter’s twats to take the fast train to Hell.