Elon Musk Will Not Join Twitter’s BoardTesla CEO
Elon Musk has decided not to join the board of Twitter, the company’s CEO Parag Agrawal announced, in a move that comes just a week after the billionaire disclosed he had acquired a
9% stake in the social media giant.Making the announcement on Twitter, Agrawal wrote that Musk formally turned down the company’s offer to join the board on April 9.
Agrawal said he believed that
this was for the best but the company will always remain open to inputs from Musk who is the
company’s biggest shareholder.Elaborating the offer to have Musk on the board, Agrawal noted that Twitter wanted to have Musk serve the
fiduciary role where, like other board members, he would have been expected to
“act in the best interests of our company and our shareholders.”
