<story><title>Twitter takeover battle: Elon Musk and Jack Dorsey turn up pressure on board</title><url>https://www.forbes.com/sites/abrambrown/2022/04/17/twitter-takeover-musk-dorsey-board-tweets/</url></story><parent_chain><item><author>rmatt2000</author><text>The entire board ex-Jack owns a little more than 1% of Twitter.  It sure sounds like their interests are not well-aligned with those of the company owners.</text></item></parent_chain><comment><author>memish</author><text>Correct. Their interest is more aligned with cultural power and country club status.&lt;p&gt;They also draw huge salaries for what amounts to a nice part time job. Elon&amp;#x27;s response to that:&lt;p&gt;&amp;quot;Board salary will be $0 if my bid succeeds, so that’s ~$3M&amp;#x2F;year saved right there&amp;quot; &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;elonmusk&amp;#x2F;status&amp;#x2F;1516056299376623626&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;twitter.com&amp;#x2F;elonmusk&amp;#x2F;status&amp;#x2F;1516056299376623626&lt;/a&gt;</text></comment>
<story><title>Twitter takeover battle: Elon Musk and Jack Dorsey turn up pressure on board</title><url>https://www.forbes.com/sites/abrambrown/2022/04/17/twitter-takeover-musk-dorsey-board-tweets/</url></story><parent_chain><item><author>rmatt2000</author><text>The entire board ex-Jack owns a little more than 1% of Twitter.  It sure sounds like their interests are not well-aligned with those of the company owners.</text></item></parent_chain><comment><author>mongol</author><text>I don&amp;#x27;t completely understand that argument. If a board member owns let&amp;#x27;s say 0.1 % of total shares, but that represents 90 % of his private fortune, he will be very incentivized to increase the value of the company. On the other hand, if it represents 1 % of his total fortune, I can see the point.</text></comment>