Musk's pass on Twitter board could hint at 'Game of Thrones' battle ahead:
may acquire additional shares in Twitter Inc. now that he is no longer accepting a position on the social media company’s board, according to a securities filing on Monday.
However, Musk can afford it. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion. The sudden about-face came despite Musk having held “many discussions” with Twitter’s directors. But the entrepreneur ultimately declined their offer of a board seat, Chief Executive Officer Parag Agrawal tweeted on Sunday.
By staying off the board, Musk avoids the potential conflict of interest that can arise when a board member has a number of financial interests that may influence how they vote.
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