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Preview For This Week's Top 10 Conservative Idiots
Tesla chief executive Elon Musk agreed on Saturday to pay a $20 million fine and step down as board chairman as part of a settlement with the Securities & Commission that he misled investors about his plans to take the company private.
Tesla will separately pay another $20 million and agreed to add two new independent directors to its board. Under the settlement, Musk will resign as chairman of the automaker within 45 days and be barred from that position for three years.
The deal marks a quick resolution to a potentially devastating case for Musk. The SEC sued him on Thursday alleging he lied when he tweeted this summer that he had secured funding to take Tesla private. The agency saw his dismissal as Tesla CEO and sent Tesla’s stock plummeting.
Musk had stunned global financial markets on Aug. 7 when he issued tweets saying he had the “funding secured” to take his automaker private. But federal securities regulators say his statement was deceptive because the deal was in its infancy and sued.
Read more: https://www.washingtonpost.com/business/2018/09/29/teslas-elon-musk-settles-with-sec-paying-million-fine-resigning-board-chairman/
Tesla will separately pay another $20 million and agreed to add two new independent directors to its board. Under the settlement, Musk will resign as chairman of the automaker within 45 days and be barred from that position for three years.
The deal marks a quick resolution to a potentially devastating case for Musk. The SEC sued him on Thursday alleging he lied when he tweeted this summer that he had secured funding to take Tesla private. The agency saw his dismissal as Tesla CEO and sent Tesla’s stock plummeting.
Musk had stunned global financial markets on Aug. 7 when he issued tweets saying he had the “funding secured” to take his automaker private. But federal securities regulators say his statement was deceptive because the deal was in its infancy and sued.
Read more: https://www.washingtonpost.com/business/2018/09/29/teslas-elon-musk-settles-with-sec-paying-million-fine-resigning-board-chairman/
Well on the plus side, that's $20 million that Elon *WON'T* be spending on weed. Because he should definitely smoke less. And that's one of the few times I'll say that, too!
*audience laughs and applauds*
This week on the Top 10 - we are back at home in Hollywood and it's going to be jam packed! This week was so insane that we're going to need a recap just to go through the insanity of it all! Plus the democrats walk out of the Kavanaugh vote Animal House style, Trump's rally gets blurred, we ask how the Rush Limbaugh Show is still a thing, Elon Musk really likes weed, Lindsay Lohan auditions to be a member of ICE, and Lindsay Graham gets added to the growing list of People Who Somehow Got Elected. Plus our weekly investigative piece Top 10 Investigates is going to take a look at the Sears bankruptcy - what's causing it and can we prevent another Toys R Us? (spoiler alert: no!) And in our weekly visit to the Holy Church Of The Top 10 in "Holy Shit", our resident pastor is going to go over some of the more ridiculous religious right justifications of Kavanaugh. And we've got a new People Are Dumb, because, well, people are dumb! And our next installment of Deep State Diaries is going to take us high in the sky as we visit the US Air Force! All this plus the National is going to join us!
Top 10 Conservative Idiots: Wednesdays At 2:00 PM /shameless self promotion
