In several instances, shareholders voted against proposals that could be viewed as pro-Musk, a possible indication they've grown tired of his antics.
Elon Musk, founder of SpaceX, speaks during the Satellite 2020 at the Washington Convention CenterMarch 9, 2020, in Washington, DC.lon Musk didn’t speak at Wednesday’s annual meeting of Twitter shareholders, and he didn’t say anything about it on Twitter. But, gosh, the guy still managed to loom large over the day. The musk of Musk—it’s a potent thing.
One called on Twitter to conduct an audit into its diversity efforts, which the right-leaning group says have gone too far and now discriminate against men and white people. The other asked Twitter to publish a review into its lobbying efforts, which the center, presumably, thinks will show a liberal bias on the company’s part.
Shareholders rejected both proposals from the National Center for Public Policy Research, but that’s not really the point of discussing the proposals. Point is, they made into the meeting! They weren’t on the initial agenda. They were a pair of late entries made after Musk disclosed his takeover plans for the company, which, of course, he now says, and his complaints about the business, which do sound a lot like the ones voiced by the National Center of Public Policy Research.
Twitter shareholders voted against Durban’s reelection, which might suggest they’re growing a little tired of Musk and couldn’t stomach re-seating a top ally of his. It might also suggest they headed the warning sounded by ISS, a research firm whose reports often sway the outcome at shareholder meetings. ISS advised shareholders turn down Durban but not because of his Musk connections. Instead, ISS based its case around the fact that Durban’s a busy guy.
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