What the C-suite can learn from Elon Musk's twitter behavior
The SEC's lawsuit against Musk could be a way of showing that executives with power aren't above the law, and to set an example.
By Caroline Spiezio|October 04, 2018 at 10:32 AM|The original version of this story was published on Corporate Counsel
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Elon Musk is not the only person guilty of oversharing on Twitter. But he may the first person to be targeted by the U.S. Securities and Exchange Commission because of it.
The SEC sued Tesla’s founder and chief executive officer in the U.S. District Court for the Southern District of New York on Thursday, claiming Musk made “false and misleading” statements in his Aug. 7 tweets, and called for his removal as CEO. In the tweets, Musk claimed he had funding secured to take Tesla private at $420 per share.
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