Money Stuff: Elon Musk never wanted to be CEO
Matt Levine analyses the conflict of interest behind SolarCity's acquisition by Tesla. In his popular column, Levine first contextualises the complex move by the two companies, which has led Tesla shareholders to sue Musk for "violating his fiduciary duty to them as a controlling shareholder." The difficult question here is: what does it mean to be its CEO and biggest shareholder simultaneously? Then, he takes a look into the Securities and Exchange Commission filing complaints against Long Blockchain Corp. This leads Levine to consider whether social investing is all it's cracked up to be.