The Prof G Pod with Scott Galloway Is Elon Musk Failing Shareholders? Teaching Kids About Money, and Scott’s Wildest Fan Encounter
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Apr 9, 2025 Is Elon Musk a risk to his shareholders? A deep dive into corporate governance reveals some surprising insights. Scott offers valuable tips for a grandmother on teaching her teenager about money, emphasizing entrepreneurial learning. In a humorous twist, he recounts his wildest fan encounter, reflecting on the meaning of life and the transformation that comes with parenthood. The conversation blends finance, personal growth, and the importance of nurturing future generations.
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Fiduciary Duty Concerns
- Elon Musk's divided attention and negative public perception could be a violation of his fiduciary responsibility to Tesla shareholders.
- However, Tesla's board, enriched by stock gains, overlooks these issues.
Market Manipulation
- Elon Musk's claim of securing funding to take Tesla private at $420 a share was deemed market manipulation.
- This likely constituted securities fraud, harming investors who relied on this false information.
Teaching Teens About Money
- Encourage teenagers interested in money to start small businesses.
- Discuss financial news and invest in stocks together using apps like Public.