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Thread: Musk in a Tail Spin?

  1. #16
    Join Date
    10-20-03
    Posts
    15,885
    Maybe he needs a few more of those blunts....

  2. #17
    Join Date
    10-21-01
    Location
    San Antonio, Tx.
    Posts
    18,387
    Axios is reporting that Musk has reached an agreement with the SEC in which he will pay a $20M fine and step down as head of Tesla for 3 years.

    https://www.axios.com/elon-musk-sec-...170923524.html

    Update:
    Here’s another source, which says Musk will pay $20M and the corporation owned by the stockholders which allegedly were screwed by Musk will pay another $20M. That sounds more like the reasoning of the government I know — fining the alleged victims of the con.

    https://apnews.com/128cc400e4244566a2f12971e257abb9/Tesla,-Musk-settle-gov't-suit-for-$40M;-Musk-to-stay-CEO
    Last edited by wacojoe; 09-29-2018 at 07:11 PM.
    ...............
    “You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution


  3. #18
    Join Date
    08-05-05
    Location
    Deep inside the Central Scrutinizer.
    Posts
    21,024
    If I recall correctly, Musk originally said that he would spend five years at Tesla . Had the company progressed faster, I expect that he would have been long gone anyway . So, I'm not expecting that he cares too much about the restriction from Chairman position . 20 million to him is probably no big deal .

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