In September, the SEC initially wanted Elon Musk to step down from his position as CEO, but it ended with a settlement where he paid a 20 million dollar fine and stepped down as Chairman. Since Musk breached the deal with SEC on pre-approving his tweets, he's in another round of trouble now. On one side of things, the SEC should go hard on him as he completely ignored their deal, has repeatedly acted disrespectfully towards the SEC, and did tweet material information. They also wanted to bar him from leading a company last fall, but Musk got away with a warning, so they shouldn't go easy on him this time.
However it would seem like a huge overreaction to bar him from being CEO for that one "500 000"-tweet that he later corrected... What do you think?
Submitted March 16, 2019 at 10:36AM by EcinEdud https://ift.tt/2XYKiZn
