Tesla CEO Elon Musk will not join Twitter’s board
CNNNew York CNN Business — Tesla CEO Elon Musk, who recently became Twitter’s largest individual shareholder, has decided not to join the social media company’s board. Elon is our biggest shareholder and we will remain open to his input.” A Twitter spokesperson confirmed Musk decided not to join the Twitter board and referred to Agrawal’s statement. Musk tweeted Tuesday that he was “looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!” And Twitter founder Jack Dorsey said that Musk and Agrawal would make “an incredible team.” Twitter’s stock surged after his initial purchase was disclosed. In his tweet Sunday night announcing Musk’s reversal, Agrawal said the company’s board had “believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward.” Corporate board members also typically share their suggestions for the company privately, which might have meant Musk would have had to stop tweeting about his ideas for Twitter.