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SpaceX and Tesla boards form special committees to review merger
Elon Musk likes the idea but says he is not on either committee, which is made up of independent directors.
Via TechCrunch
·Excerpt
The boards of SpaceX and Tesla have each formed special committees to review a possible merger. The special committees, which consist of independent directors, were created at the request of shareholders, according to Elon Musk, CEO and the largest individual shareholder of both companies.
“Because I’m a conflicted party, I can’t actually be in the discussions of the special committees, so it’s this sort of a ... it’s an odd kabuki dance where two groups of people are talking, and…
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