Elon Musk isn’t joining Twitter’s board after all!
Elon Musk Has Decided To NOT Take Twitter Board Position Despite Owning Largest Stake In The Co.
Harry Wilmerding with The Daily Caller reports:
Tesla and SpaceX CEO Elon Musk is no longer joining Twitter’s board of directors, the company’s CEO announced Sunday.
Twitter CEO Parag Agrawal issued a statement announcing Musk, who purchased over 9% of Twitter earlier this month, will remain the company’s largest shareholder but will not take the board seat. Musk’s appointment would have begun Saturday after a background check and a formal acceptance.
“Elon Musk has decided not to join our board,” Agrawal said on Twitter.
“We were excited to collaborate and clear about the risks,” he added. “We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interest of the company and all our shareholders, was the best path forward.”
