@annmlipton@esq.social avatar

annmlipton

@annmlipton@esq.social

Law prof at Tulane, business and securities. Profile pic for the job you want, ... etc

@annmlipton.bsky.social

You can find my papers here: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=2365170

I also blog regularly at https://lawprofessors.typepad.com/business_law/

This profile is from a federated server and may be incomplete. Browse more on the original instance.

annmlipton, to random
@annmlipton@esq.social avatar

"Vivek Ramaswamy has called for BuzzFeed to axe staff, focus on video and hire new voices such as former Fox News host Tucker Carlson after raising his stake in the media company to 8.3 per cent."

I do not know what to make of this Buzzfeed thing.

https://on.ft.com/4axjl2Q

annmlipton, to random
@annmlipton@esq.social avatar

"If the proposal is rejected, the CEO may make good on threats to develop products outside of Tesla."

https://www.bloomberg.com/news/articles/2024-05-25/tesla-shareholders-should-reject-musk-s-pay-glass-lewis-says

annmlipton,
@annmlipton@esq.social avatar

I'll say it again: If Musk does that, it's a breach of fiduciary duty to Tesla. A board could theoretically permit it, but this board has not done so - and would be questioned for its independence if it did. But the threat of it being so obvious -

annmlipton, to random
@annmlipton@esq.social avatar

Just @ me next time, seriously

https://www.nytimes.com/2024/05/24/opinion/elon-musk-spacex-brownsville-texas.html

annmlipton, to random
@annmlipton@esq.social avatar

More on proposed changes to the DGCL. It's inside baseball so I get why mainstream reporters haven't picked this up, but the changes not only impact who wields power in corporations - a huge issue - but portend a real shift in how Delaware law is made - which matters for the economy generally
https://delawarecall.com/2024/05/24/controversy-swirls-around-proposed-changes-to-delawares-corporate-code/

annmlipton,
@annmlipton@esq.social avatar

Let me put it in concrete terms. Under current law, given stock exchange listing rules, Elon Musk can only get his 25% voting control over Tesla if he's given 25% of the equity. If these laws go into place, the board can "contract" with him to give him control over decisions regardless of whether shareholders vote him and other board members out.

annmlipton, to random
@annmlipton@esq.social avatar

are you fucking kidding me?

https://www.nbcnews.com/business/travel/frontier-ceo-urges-crackdown-abuse-airport-wheelchairs-rcna153830

annmlipton,
@annmlipton@esq.social avatar

My mother uses wheelchair service. You wait 20 minutes to find someone to push the wheelchair into the airport, and another 30-45 minutes for someone to take you to the gate. These aren't motorized wheelchairs; someone has to push you. What possible reason would you have for faking a need?

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