Stepping down as chairman is much less of a punishment than stepping down as CEO. Looks like the SEC blinked.
Is it? I thought the other settlement included Musk not being able to lead companies for two years:
https://www.marketwatch.com/story/elon-musk-rolling-the-dice...
The plan, as it was negotiated by lawyers, was for Mr. Musk to step down as chairman of Tesla within 45 days and not resume that post for two years. The company, also a party to the proposed agreement, would add two new directors to its board. Mr. Musk and the company would pay tens of millions of dollars in fines, according to the people, who requested anonymity because they were not authorized to speak publicly.
In other words, it’s the exact same deal presented before with some of the penalties increased. There’s no other way to explain it than Musk rejected the real and then realized he messed up when the SEC started with the lawsuit.
Just look at those HN karma point votes in the past few years, the upvotes for those really awesome hacking technical articles have been frequently outpaced by those downvotes for those petty trifles...If we take that as a measurement, in a certain aspect, we can see that people's hatred and acrimony grow faster than their kindness and sympathy these days...
so I've stopped worrying about those points...for the knowledge value of their corresponding text, they do not reflect as much as they used to reflect....