nonot
GRA said:
Sure the fine was a small portion of his wealth (BTW, he owns about 20% of Tesla, not 40%) but the terms of the settlement included:
I consider it unrealistic to expect the SEC to allow Elon to go on as before with just a slap on the wrist, so I fully expect them to monitor future corporate communications closely.
So it's you that
feels it's unrealistic, right? Have you seen specific/enumerated SEC guidelines for Musk, other than what
you've stated? With regard to a new chairman, Musk still has significant influence over that decision and significant influence
over the new chairman's decisions. Besides, the SEC has no control over who the next chairman is. As still CEO, Musk has the all
authority to fully run Tesla based on his strategy and views. So what if Musk no longer communicates about financial decisions
and pro-forma data, he still can communicate, e.g. tweet, about basically everything else about Tesla. The SEC has no control over
what he tweets about his strategy/goals for Tesla as a CEO. Yes Musk has an ego, but it's doubtful that the SEC's ruling has affected
that much and will not significantly curb his modus operandi, i.e. he'll have plenty of wiggle room.