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Started By
Message
Sans Jack Dorsey the Twitter BoD owns 77 shares of Twitter stock.
Posted on 4/16/22 at 4:49 pm
Posted on 4/16/22 at 4:49 pm
16
Posted on 4/16/22 at 4:51 pm to GumboPot
Damn
Posted on 4/16/22 at 4:51 pm to GumboPot
Is that what they own personally or the form they work for?
Posted on 4/16/22 at 4:52 pm to GumboPot
Reminds me of Teldar Paper in Wall Street:
ETA: Scene in question noting management's lack of owning stock
ETA: Scene in question noting management's lack of owning stock
This post was edited on 4/16/22 at 5:02 pm
Posted on 4/16/22 at 5:00 pm to GumboPot
This is so above my pay grade but how did these people get elected/appointed to the BOD, aside from Dorsey? This is a shell game.....
Posted on 4/16/22 at 5:00 pm to GumboPot
I think someone needs to check their math.
Posted on 4/16/22 at 5:04 pm to GumboPot
Wonder if Fei-Fei is related to Fang-Fang.
Posted on 4/16/22 at 5:05 pm to GumboPot
Gordon Gekko " All these men sitting up here own less than 3% of the stock. Greed is good
Wally Sparks beat me to it.
Wally Sparks beat me to it.
This post was edited on 4/16/22 at 5:07 pm
Posted on 4/16/22 at 5:07 pm to Ancient Astronaut
quote:+damn+DAMN!
Damn
Posted on 4/16/22 at 5:13 pm to David_DJS
quote:
I think someone needs to check their math.
Probably, but it still doesn't take away from the fact that Elon owns something like 3x-4x more shares than the entire board combined. One board member owns "0.000%". How can someone, as a board member, have a legitimate duty to a company they don't even own stock in?
This post was edited on 4/16/22 at 5:14 pm
Posted on 4/16/22 at 5:25 pm to Bard
quote:
How can someone, as a board member, have a legitimate duty to a company they don't even own stock in?
They can't, the person is not a stakeholder in any way.
Posted on 4/16/22 at 5:27 pm to Bard
quote:
Probably, but it still doesn't take away from the fact that Elon owns something like 3x-4x more shares than the entire board combined. One board member owns "0.000%". How can someone, as a board member, have a legitimate duty to a company they don't even own stock in?
I agree with you. It’s just not good form to be off so much on a fact when you (the guy that posted the tweet) are trying to make a good point.
Years ago I worked for a Dow 30 company. Whenever our sector president saw a new face at a conference table, before the meeting started he would introduce himself and ask the new guy/gal “do you own stock in the company?” If the answer was no, he’d pull out his billfold and take whatever the share price was that day and give it to the newbie - he did not want anyone working for him that didn’t have a stake in the company. That’s how it should be, and at the board level in a big way.
This post was edited on 4/16/22 at 5:29 pm
Posted on 4/16/22 at 5:33 pm to GumboPot
When it’s more important to have diversity on your board than equity.
Posted on 4/16/22 at 8:24 pm to GumboPot
Gordon Gekko said the same about the Teldar paper Board
Posted on 4/16/22 at 8:26 pm to GumboPot
Are any of them representatives of institutional investors? That would mean they represent ownership and likely have a financial incentive to perform well.
That said the whole thing from start to finish stinks.
That said the whole thing from start to finish stinks.
Posted on 4/16/22 at 9:41 pm to GumboPot
77 is incorrect.
There are 763.58 million shares.
The board, without Jack Dorsey, owns 0.117%.
That is 893,387 total shares.
There are 763.58 million shares.
The board, without Jack Dorsey, owns 0.117%.
That is 893,387 total shares.
This post was edited on 4/16/22 at 9:42 pm
Posted on 4/16/22 at 9:53 pm to Bard
quote:
Probably, but it still doesn't take away from the fact that Elon owns something like 3x-4x more shares than the entire board combined. One board member owns "0.000%". How can someone, as a board member, have a legitimate duty to a company they don't even own stock in?
While owning zero shares would be bad for a board member, the truth of the math is there are
773,000,000 shares of TWTR outstanding
So if a board member merely owned .001 percent that would still be
773,000 shares
This post was edited on 4/16/22 at 9:54 pm
Posted on 4/16/22 at 10:38 pm to Bearcat90
quote:
While owning zero shares would be bad for a board member, the truth of the math is there are
773,000,000 shares of TWTR outstanding
So if a board member merely owned .001 percent that would still be
773,000 shares
Your math is off. That would be the equivalent of owning 0.1% of Twitter. More accurately, it would be 7,730 shares. 1/1000 of 1%. Or just over $400,000 of Twitter stock
This post was edited on 4/16/22 at 10:39 pm
Posted on 4/16/22 at 10:41 pm to David_DJS
quote:
I think someone needs to check their math.
Yeah unless Jack Dorsey owns like 1000 shares this is on the surface bad math.
Posted on 4/16/22 at 10:50 pm to GumboPot
What loser puts their MBA behind their name
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