Musk Axes Twitter Board, Makes Himself “Sole Director”

The Independent reports:

Elon Musk has dissolved Twitter’s board and made himself the “sole director” of the company. All previous members of the board have been removed from that role, leaving only Mr Musk as a director, according to a new filing.

The action was taken on Thursday as part of Mr Musk’s $44 billion purchase of the company, according to that same SEC filing, which was made public on Monday.

The board had previously included its chairman, Bret Taylor, as well as recently ousted chief executive Parag Agrawal. In all, it included nine directors.

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He already knows more about everything than anyone else so why bother with a Board. https://t.co/kP1dsWsDDD

— Ron Filipkowski ?? (@RonFilipkowski) October 31, 2022