Musk wants to save a few million on Twitter right away… by not paying the CDA. AND YOU ARE RIGHT

We begin to understand a little more the reason for the aversion of the Board of Directors, the “Board”, of Twitter towards Elon Musk. It is a "moral" question, yes, right!

First of all, let's highlight that, apart from Jack Dorsey and perhaps Kordestani, the others are emeritus Mr. Nobody: having an MBA or a doctorate does not mean understanding something Social which are, above all, a question of Marketing and technology. Here is the board:

Apart from Dorsey and Kordestani, they are all people who do not even have significant stakes in society. If you look at their Twitter profiles you will find that they don't even use the medium. It seems to have put people who do not have a driving license and who do not even get into the car to run the Ferrari! But they take home their good $ 200,000 a year, mostly in shares (to pay less taxes).

In reality, for the American parameters, it is a small figure, which however goes to people who manage the company in a mediocre way, for their own "Social" purposes and not to make a little profit. In the end it seems too much.

So here's Musk's plan: stop paying the CDA anymore. saving $ 3 million buckets a year.

Board salary will be $ 0 if my bid succeeds, so that's ~ $ 3M / year saved right there

– Elon Musk (@elonmusk) April 18, 2022

Among other things, Twitter, which few people know MUST make profits: it currently has an EBITDA of only 1.4 billion dollars against debt of 10 billion. So it MUST be useful, and not democratic morality. That's why Musk is the only possibility …

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Musk article wants to immediately save a few million on Twitter… by not paying the CDA. AND YOU ARE RIGHT comes from ScenariEconomici.it .

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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/musk-vuole-risparmiare-subito-qualche-milione-in-twitter-non-pagando-il-cda-e-ha-ragione/ on Mon, 18 Apr 2022 19:53:04 +0000.