Tweets Unlikely To Spell Musk's Removal As Tesla CEO
By Alison Noon (February 26, 2019, 9:38 PM EST) -- With one tweet, Elon Musk put himself at risk of being removed from the chief executive position at Tesla Inc., yet experts say the U.S. Securities and Exchange Commission is unlikely to make that move due to the potentially bad optics and possibility of a "meltdown" at the company and in the high-tech sector writ large.
Additionally, the commission's current political makeup and the availability of other avenues of punishment point to Musk's continued role at the helm of Tesla, where he has been the face of the brand, according to academics closely watching the case.
"He's put everybody in a terrifically bad situation," Duke...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!