Elon Musk reverses decision to join Twitter board of directors – By Patrick Reilly (NY Post) / April 11, 2022
Elon Musk has reversed his decision to join Twitter’s board of directors after disclosing he owns more than 9 percent of the social media company, Twitter CEO Parag Agrawal said.
Musk’s appointment to the board was to become official on Saturday pending a background check and formal acceptance, “but Elon shared that same morning that he will no longer be joining the board,” Agrawal wrote in a brief message to the company that he tweeted on Sunday.
“The Board and I had many discussions about Elon joining the board, and with Elon directly. We were excited to collaborate and clear about the risks. We also 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,” he said.
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