If you ever wondered about the risks of investing in a company in which the CEO has absolute control, or if you ever worried about what can happen when a hot-shot is high up in two public companies, Wednesday is the real evidence. Elon Musk is supposed to be Iron Man — sorry, Tony Stark. Now you are seeing that there could be cracks in the armor here. This deal also brings up corporate governance issues that are just too large to ignore.
The Center for Business and Responsible Government (CBRG) is a non-partisan organization dedicated to highlighting cronyism and its effect on American taxpayers and policy. We believe public officials should establish an even playing field for all businesses to compete in the marketplace, not just those special interests who line their pockets.