Late last year, he agreed to a settlement with ex-Twitter executives and thousands of former employees of the platform he renamed X, after a long refusal to pay them severance payments. In March, he lost a lawsuit brought against him by Twitter investors, who claimed he misled them during the takeover of the company. In the same month, the court dismissed his lawsuit against the advertisers who left the platform.
In May, a court overturned some decisions by Doge, the government spending cuts that Musk led, ruling that certain grant cuts were unconstitutional. After the latest defeat against OpenAI, many are wondering if Musk will become less involved in conflicts and lawsuits in the future.
Law professor Shubha Ghosh believes that “no one is invincible,” but adds that it will likely take much more serious defeats for Musk to change his aggressive approach. On the other hand, Professor Dorothy Lund points out that Musk’s vast wealth means that neither fines nor court costs are likely to stop him.
As an example, he cites a US SEC fine of $1.5 million for delay in reporting the purchase of Twitter shares — a paltry amount for Musk. When a court overturned his multibillion-dollar pay package at Tesla, he simply moved the company to Texas and secured a new package approved by shareholders.
After losing the OpenAI case, Musk attacked the judge on Xu, called him an “activist” and announced an appeal. Experts believe that his willingness to take risks and public conflicts is what distinguishes him from most business people. Professor Lund says that the only person similar to him in behavior is US President Donald Trump, because neither of them seem to have any lasting consequences from negative things.
(Vijesti.ba)
Chat readers
Join the discussion