Musk Targets Twitter Board as Company Adopts ‘Poison Pill’

[claireokc]

Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer. “Board salary will be $0 if my bid succeeds, so that’s ~$3 million/year saved right there,” Musk tweeted in response to a user’s post criticizing the board. Musk, a self-described “free speech absolutist” who has been critical of Twitter’s policies, did not elaborate on the tweet. Twitter did not immediately respond to a request for comment. Continuing his tirade against the company, Musk had launched a poll on Thursday asking his 80 million followers if “taking Twitter private at $54.20 should be up to shareholders, not the board,” to which a large majority responded “Yes.” ...

Source: https://www.theepochtimes.com/musk-targ ... 10441.html