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“[The SpaceX IPO] closes the voting door, the courthouse door and the proposal door simultaneously. It’s unprecedented in terms of creating a total lack of accountability," said Bruce Herbert, CEO of Seattle-based sustainability-focused wealth management firm Newground Social Investment... [1/2]
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SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving founder Elon Musk virtually unchecked executive authority when the rocket...
www.reuters.com
SpaceX IPO gives Musk sweeping power and curbs shareholder rights
Bruce Herbert, aif