“SEC Sues to Oust Musk From Tesla Over Tweets,” The Wall Street Journal, September 28, 2018 A1. The SEC sued to remove Elon Musk as the CEO of Tesla, after Mr. Musk tweeted about funding for taking the company private. See also https://infogovnuggets.com/2018/08/11/loose-lips-revisited/.
So, if the CEO doesn’t follow the rules, how much do the shareholders get hurt? Ten percent (or $5 billion). What’s Compliance worth to them?
Take that and smoke it.
infogovnuggets 