"... returns on investment..."
Posted on 04/20/2022 7:41:55 AM PDT by shadowlands1960
Florida Gov. Ron DeSantis is threatening to sue Twitter’s board of directors if it doesn’t take the best buy-out offer from tech billionaire Elon Musk.
DeSantis announced today that because Florida’s pension plan is invested in Twitter, he has standing to sue the board for breaching its fiduciary duty to do what’s best for shareholders.
The Tesla billionaire offered to buy Twitter for $43 billion, but the board of directors activated a “poison pill” to kill the deal.
DeSantis says he’s “looking at ways the state of Florida potentially can be holding these Twitter board of directors accountable for breaching their fiduciary duty.” He says his is not a benign threat because his state owns shares of Twitter. “I didn’t buy it [and] we have people that run the fund,” said the Florida Republican, but he said Twitter has some explaining to do. “[Twitter] hasn’t exactly been great on returns on investment; it has been pretty stagnant for many, many years. To me, I think that is probably an injury to the fund.”
(Excerpt) Read more at pjmedia.com ...
A fighter I like!!!!!
He’s a fighter!
“... returns on investment...”
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Twit pays no dividends, and so there is no return on investment - can only make money with it by buying on dips or by shorting.
Warrior Ethos - BOOYAH!
An intelligent, calm fighter.
I like this man more every day.
Musk is offering a considerable premium.
He might be more Trump than Trump.
That’s what I think. What would Trump do in this situation? Most likely he would be trash talking Dorsey with all sorts of junior high insults.
There's no comparison, IMHO. DeSantis is a fighter. Trump is more the talker and deal-maker.
I agree that's the most likely scenario. Trump focuses too much on people and personalities rather than base issues, strategies and actions.
Indeed he is.
You don't win by playing defense all the time. And DeSantis appears to be 100% focused on winning. He knows what's at stake. As do we.
“A fighter I like!!!!!”
Pray that he is our next President. We’ve been without one since January 20, 2021!
He’s certainly using the Trump playbook and looks like the real deal.
He’s got a solid legal argument. Looks like a breach of fiduciary duty by a self-dealing Board of Directors less concerned about share price than about their own salaries.
If they sell for more than they paid, they made money.
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That’s what is just wrote - buying on dips and shorts. Not a good way to make money in the market.
Given the market is not very stable under Brandan, I’d take the Musk offer and profit and be very happy. The board is not acting as fiduciaries in the best interest of shareholders and should be sued. They should check their board contracts to see how much twitter will contribute to their defense.
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