Judd Legum

@JuddLegum ↗

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Last Checked July 27, 2022

Created

Sat Jul 09 17:22:02 +0000 2022

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Judd Legum @JuddLegum

This is a vivid demonstration of the weaknesses of SHAREHOLDER capitalism, where the only thing that matters is getting the maximum return possible for shareholders as quickly as possible No consideration is given to employees, the public, or the long-term health of the company — PolitiTweet.org

Posted July 9, 2022

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Judd Legum @JuddLegum

Now Twitter's board has decided to sue Musk to force him to buy the company even though he doesn't want to. I hope this is just a negotiating posture. Putting Musk in control of Twitter at this point would likely destroy Twitter — PolitiTweet.org

Posted July 9, 2022

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Judd Legum @JuddLegum

@niubi I totally get that but isn't part of their fiduciary duties to assess whether Musk is a reliable purchaser? Or at least build in stronger protections? This is someone who has lied about his intentions to take a public company private before and paid large SEC fines as a result. — PolitiTweet.org

Posted July 9, 2022