"Chinny Raccoon" (chinnyraccoon)
09/29/2018 at 17:35 • Filed to: None
2
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"Chinny Raccoon" (chinnyraccoon)
09/29/2018 at 17:35 • Filed to: None | 2
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!!! UNKNOWN CONTENT TYPE !!!
Just Jeepin'
> Chinny Raccoon
09/29/2018 at 17:39 |
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Boom.
wafflesnfalafel
> Chinny Raccoon
09/29/2018 at 17:43 |
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wow - glad he just pulled the bandaid off all at once, no sense in making the situation any worse.
Sampsonite24-Earth's Least Likeliest Hero
> Chinny Raccoon
09/29/2018 at 17:52 |
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wish someone would fine trump for all the stupid shit he posts on twiter
KingT- 60% of the time, it works every time
> Chinny Raccoon
09/29/2018 at 17:56 |
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Oh shit! The madlad actually did it! (to himself)
Cant wait to read comments about this all over the internet.
brb microwaving popcorn.
user314
> KingT- 60% of the time, it works every time
09/29/2018 at 18:09 |
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The shorters got to him!
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KingT- 60% of the time, it works every time
> user314
09/29/2018 at 18:18 |
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OK I read some comments... wait so he was fired as chairman but remaind CEO? or have it got this all wrong?
fintail
> Chinny Raccoon
09/29/2018 at 18:32 |
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20MM for him is like $20 to you or me.
bhtooefr
> KingT- 60% of the time, it works every time
09/29/2018 at 19:31 |
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https://www.sec.gov/news/press-release/2018-226
Musk and Tesla have agreed to settle the charges against them without admitting or denying the SEC’s allegations. Among other relief, the settlements require that:
Musk will step down as Tesla’s Chairman and be replaced by an independent Chairman. Musk will be ineligible to be re-elected Chairman for three years;
Tesla will appoint a total of two new independent directors to its board;
Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk’s communications;
Musk and Tesla will each pay a separate $20 million penalty. The $40 million in penalties will be distributed to harmed investors under a court-approved process.
Musk’s actual settlement basically says that anything relating to the company or material to the company or shareholders has to go through the board first before the public, and that he has to step down within 45 days of the settlement (which was yesterday for him).
Still trying to find a copy of Tesla’s settlement.
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bhtooefr
> bhtooefr
09/29/2018 at 20:14 |
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Found a copy of Tesla’s settlement (linked in case of Kinja, I forgot DocumentCloud could embed) :
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The Dummy Gummy
> Sampsonite24-Earth's Least Likeliest Hero
09/29/2018 at 21:49 |
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He literally should be banned from twitter per their terms and service.
Flynorcal: pilot, offshore sailor, car racer and panty thief
> fintail
09/30/2018 at 00:02 |
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Situations like this really highlight how awful people are at doing math with intuition. The average speeding ticket is a far more onerous punishment to nearly everyone else. That’s a pocket change fine and his board status isn't actually going to change either. The SEC reached a settlement more than Elon did.
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fintail
> Flynorcal: pilot, offshore sailor, car racer and panty thief
09/30/2018 at 10:49 |
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Definitely. One side is a clear winner in this, and it’s not the feds. Barely a slap on the wrist.