SpaceX Documents Detail Musk Removal Process
SpaceX has included provisions in its IPO documents stating that Elon Musk cannot be removed as CEO without his own consent. The billionaire will control super-voting shares following the public offering. Removal would effectively require a vote by holders of these shares, which Musk himself would control. SpaceX filings with the SEC specify that Elon Musk can only be removed from his roles as CEO and Chairman of the Board by his own decision. The removal process would require a vote from Class B shareholders, who hold 10 votes per share. These shareholders will maintain control over Musk following the stock offering, according to Reuters reports.
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Sources · 7 independent
Kommersant FM
“Компания SpaceX прописала в документах первичному публичному размещению акции, что никто не может уволить Илона Маска, спостов ее главы без согласия самого миллиардера.”
Business FM Russia
“SpaceX уточнила в документах КПО, что уволить Илона Маскс из постовген-директора и главы совета директоров может только он сам”
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