Elon Musk decides not to join the Twitter Board
Twitter CEO Parag Agrawal recently tweeted that Elon Musk has decided not to join the company’s board. The U-turn comes after Agrawal himself announced the appointment of Musk to Twitter’s board last week.
In his recent email to the Twitter team, Agrawal writes that he had many discussions with the board and even directly with Elon Musk. After Twitter appointed Elon to the board contingent last Tuesday, the tech billionaire shared the same morning that “he will no longer be joining the board”. Agrawal further writes:
I believe this is for the best. We have and will always value input from our shareholders whether they are on our board or not. Elon is our biggest shareholder and we will remain open to his inputs
Earlier this month, tech billionaire Elon Musk announced grabbing a 9.2% stake in Twitter becoming the largest individual shareholder of the company. The announcement came after Musk conducted a Twitter poll asking his followers whether the platform adheres to the principles of “Free speech”.
A staggering 70% of respondents voted negative. Probably, Musk thought that being a key shareholder of Twitter will help him suggest key changes to the board.
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