Billionaire entrepreneur Elon Musk, who bought the social network Twitter last week, dissolved the company’s board of directorsafter he fired some of his top executives a few days ago. The board of directors is usually that collegiate body that outlines a company’s strategy, among other things. Musk has appointed himself as the sole member of the board of directors: this means, in fact, that he has become CEO of Twitter, that is, the company’s CEO, thus strengthening his power within it. In a tweet, Musk said the decision is temporary: it is likely that in the coming weeks he will appoint a new board of directors made up of people closest and loyal to him.
This is only temporary
– Elon Musk (@elonmusk) October 31, 2022
According to some rumors of which he wrote the Washington PostMusk would also intend lay off 25 percent of Twitter employees.
