The governor said Florida could take action against the board. The defense technique was used by the board of directors. The Florida state pension fund holds a little over 1 million shares of the micro-messaging service. The state of Florida will attempt to hold the board of directors accountable for their poison pill defense against a hostile takeover, according to Gov. Ron DeSantis. A shareholder rights plan, also known as a poison pill, would allow existing shareholders to buy more stock at a large discount in order to diminish the value of the company's shares. That would make it harder for Musk to hold onto his 9.2% stake in the company. The idea is to make it less attractive to buy the company. The state pension fund in Florida has almost one million shares in the micro-messaging service. The state of Florida may be able to hold the board of directors accountable for breaching their fiduciary duty. Musk has said he will not pay the board members if he acquires the company. The members make a collective $3 million, with each individual salary ranging from $250,000 to $300,000. Last week, Musk offered to buy the company for $54.20 per share, but the board objected to the proposal. The whole debacle has taken on political significance, with Republicans such as Ron DeSantis suggesting that the board wants to keep Musk out of the picture over free speech concerns. They rejected it because they know they can't control Musk. The original article is on Business Insider. Dan Howley is a tech reporter for Yahoo Finance and he breaks down the latest comments on the board by Jack Dorsey. If his takeover bid is accepted, Musk will not have a board salary. Few know that Amazon has millions of Prime subscribers. Ahead of the annual meeting in Omaha, Nebraska, the California Public Employees Retirement System disclosed its vote in a regulatory filing. CalPERS has invested more than $450 billion, including more than $2.3 billion in the form of Berkshire shares. A request for comment was not immediately responded to by the company. Some Qanon people will think Disney is making adult content when Cruz says he is joking. The 8-year-old was forced into the back of the car by the police after they found a bag of the snack that had been stolen. Saving for retirement is all about investing, and capital gains taxes can eat up a significant portion of your earnings each year. The Daily Show correspondent said that he didn't have to come with any comedy. McMorrow was angry with Theis, who is facing a Trump-endorsed primary challenger. Thirty years ago, at 14, I made a huge mistake. I married my first boyfriend because I was pregnant with his child. I was trapped in an abusive relationship with a man who refused to work and only wanted to live off government assistance. I vowed to work myself out of that life and didn't believe in any of that. A man builds a trap to catch a thief. Retired Judge J. Michael Luttig would be happy to testify. Pennsylvania's lieutenant governor, John Fetterman, is leading in the polls for the Democratic Party's nomination for an open U.S. Senate seat, while the Republican race has narrowed to an expensive two-person. The most important event in recent weeks was the global economic war between Russia and the U.S. Antonia Colibasanu writes that Russia has been preparing to challenge the Western socio-economic model for a long time. I never knew... The price of plane tickets increased by 10.7% between February and March on a seasonal basis, according to recent consumer price data released by the federal government. According to the government's report, prices were up by nearly 25% compared to a year ago, while another report from Adobe showed that airfare prices are 20% above their level in 2019. Child welfare workers in Texas are leaving their jobs because of a health care directive. The Pentagon's top spokesman said Tuesday that Ukraine has been given additional fighter aircraft and aircraft parts from other countries. As it happens, a real story. Register for free now. Is it a sweeper? Here is what you need to know about a pitch in the majors. Inflation, the war in Ukraine, and fierce competition caused a loss of subscribers for the first time in more than a decade, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. The company lost 200,000 subscribers in the first quarter, well short of its forecast. After the bell on Tuesday, Wall Street wiped out about $40 billion of the company&s stock market value. The former SEC chairman says that the board needs to be realistic. In 2010 Florida voters said they wanted to end political and anti-minority gerrymandering. More than 3.1 million people voted in favor of the Fair Districts amendments. The company has never had to take the pill to stop a hostile takeover. That is how effective they are. A person familiar with the company's thinking said Apollo Global Management would not be the buyer, but had been talking to various parties about financing the deal.
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