Flutterby™! : a lesson in Revlon

Great read on the whole Twitter/Musk thing: The entire world is about to get a lesson in Revlon. A good set of reminders about who the board is responsible to, what a Twitter user's value is relative to how much say they have in the outcome, and so forth.

It's not that Delaware courts are literally indifferent to the plight of other constituencies; it’s simply that they don’t consider them to be the objects of corporate law.  I note, for example, that every modern Caremark opinion begins with an acknowledgement of the vulgarity of viewing horrible tragedies solely through the lens of their effects on stock prices, before going on to do just that.