October 4, 2022

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Elon Musk won’t be a Twitter board member after all – IT Pro – News

Elon Musk won’t be joining Twitter’s board of directors after all. Twitter CEO Parag Agrawal said it was Musk’s decision not to join. Agrawal says he will continue to listen to Musk’s input.

Twitter CEO Announced on the podium Monday morning that Musk will not join the board of directors without giving reasons. In the statement, Agrawal said he was conditioned on a background check and formal admission. Musk’s membership was supposed to become official on Saturday, but that morning Musk announced himself that he would no longer be a member.

Agrawal thinks this is the “best” and also says he always appreciates input from shareholders. Musk now owns 9.2 percent of Twitter’s shares, making him the company’s largest shareholder. The Twitter CEO says he will remain open to Musk’s input. The CEO goes on to say that there will be “distractors” in the future, “but our goals and priorities remain unchanged.”

The statement also states that Musk will act as a fiduciary agent in his role as a member of the Board of Directors, working for Twitter. Also, as a member of the Board of Directors, he must not own more than 14.9 percent of Twitter’s shares, either directly or indirectly.

Musk has himself Just rose with an emojiWhere the hand is placed over the mouth. Agrawal and Musk announced last Tuesday Musk becomes a member of the board of directors† It is unclear what effect it will have. Musk said he wants to make “important changes”. He also published several opinion polls on the platform, such as Edit button pollTwitter name change poll to titter A proposal to transfer the company’s headquarters to a homeless shelter

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