IA01 -The SWC Threatens to Ban Elon Musk from Running Any Public Company


On August 7th, 2018, Elon Musk tweeted, "Am considering taking Tesla private at $420. Funding secured." This statement started an outright frenzy for stockholders of the company. Since this event, the Securities and Exchange Commission (SEC) has decided that they want to ban Musk from serving as a director or senior officer at any publicly listed company. This ban intentionally includes Tesla. The SEC has now arranged to file a civil lawsuit against Musk but not Tesla. They intend to do so in saying that he mislead shareholders about his plan to take the company private.
                                                   
Topics such as this have been discussed in our textbook in terms of forms of business ownership and their various ways to make decisions within their company. The book has also discussed managerial skills and the responsibility of having these skills when owning such a large company.

Specifically, in this case, the business, Tesla, is controlled by its CEO, Elon Musk. He is responsible for the doings of this company. This includes the communication with other chair members in their decision of what to release to the public and how to do so. From lectures we have learned that going about this the right way can really make or break a deal and/or how things are perceived by the public eye.

Citations:

The SEC threatens to ban Elon Musk from running any public company. (2018, September 28). Retrieved from https://www.economist.com/business/2018/09/28/the-sec-threatens-to-ban-elon-musk-from-running-any-public-company


For upcoming assignments, I have arranged certain time periods for me to finish them during the weeks they are each due.

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