> IMO this Twitter deal has been nothing but bad news for Tesla shareholders Can... | Hacker News

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		jimnotgym on Dec 10, 2022 \| parent \| context \| favorite \| on: Twitter Office Supply Auction > IMO this Twitter deal has been nothing but bad news for Tesla shareholders Can they do anything about it? Or is he protected like that Facebook Zucker?

nradov on Dec 10, 2022 [–]

Elon Musk is fairly well protected. Tesla corporate bylaws require a supermajority of votes for any major changes, so despite only controlling a minority of voting rights he has an effective veto over any shareholder resolutions.

https://www.thestreet.com/investing/stocks/how-elon-musk-con...

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