Chapter
Understanding Poison Pills and the Role of Board Members in Company Mergers and Acquisitions
01:40 - 10:43 (09:03)
This podcast discusses the role of the board members in using their best judgement to make decisions in the best interest of creating the most shareholder value, including the use of poison pills as a defensive maneuver to prevent hostile takeovers. It also covers recent news of Elon Musk's bid for Twitter and the Board of Directors decision to face potential lawsuits.
Clips
Twitter's board of directors implemented a poison pill defense to prevent Elon Musk's bid to acquire and take Twitter private for $43 billion.
01:40 - 05:28 (03:48)
Summary
Twitter's board of directors implemented a poison pill defense to prevent Elon Musk's bid to acquire and take Twitter private for $43 billion. The poison pill would dilute the potential acquirer's shares and provide existing shareholders the ability to buy more shares at a discount if Elon hits 15% ownership of the company.
ChapterUnderstanding Poison Pills and the Role of Board Members in Company Mergers and Acquisitions
EpisodeE76: Elon vs. Twitter
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Board members have fiduciary obligations to the company and its shareholders, but sometimes these obligations can conflict with personal gain.
05:28 - 10:43 (05:14)
Summary
Board members have fiduciary obligations to the company and its shareholders, but sometimes these obligations can conflict with personal gain. When making decisions, board members must use their best judgment to create the most value for shareholders.