Elon Musk decides not to join Twitter board, says CEO Parag Agrawal

Bert Hathaway <[email protected]>
Newsgroups alt.politics.conservative,alt.business.accountability,sac.politics,alt.fan.rush-limbaugh,talk.politics.guns
Organization Mixmin
Message-ID <[email protected]> 
Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board 
of Twitter, his social network of choice.

Twitter CEO Parag Agrawal announced publicly on Sunday that Musk remains 
the largest shareholder of Twitter, and the company will remain open to 
his input.

Musk informed Twitter on Saturday morning that he would not, in fact, take 
the board seat.

Musk’s appointment would have started on Saturday, “contingent on a 
background check and formal acceptance,” according to Agrawal.

“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,” he wrote.

The Twitter CEO did not say whether Musk gave specific reasons for 
changing his mind about taking on the new obligation.

Encouraging Twitter employees to remain focused, Agrawal said, “There will 
be distractions ahead but our goals and priorities remain unchanged.”

https://www.cnbc.com/2022/04/11/elon-musk-decides-not-to-join-twitter-
board-says-ceo-parag-agrawal.html
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