[Reiwa]

Former SEC chair - Take Elon Seriously, Not Literally

I give Twitter's board an F. I believe that under the circumstances, they needed to check out whether this was a real bid. And if it were a real bid, then they needed to do what's in the best interest of their shareholders. This is a price that hadn't been seen in quite some time.

And there are many who believe that the price overvalues the company. Now there are differences of views on that. But the fact of the matter is, the number is at least within a legitimate frame of reference. And the board's unwillingness to treat it seriously, it strikes me, gives it a very poor grade.

Well, first, let me say, Mr. Musk hates the SEC, and that's his constitutional right. He does not have to like the SEC. But his tactic of thwarting them, attacking them, and so on, is just plain stupid. It doesn't get anyone anywhere. And it's childish, it's immature, and it's narcissistic. So I believe that he is his own worst enemy. He's obviously a man of great imagination. He's got great ideas and concepts, but he needs to stop acting like a child and start acting like an adult. And that, it seems to me, is the mistake he seems to be making continuously in his dealings with the SEC.