Twitter shareholders vote to boot Silver Lake co-CEO Durban, a long-time Musk backer, from board
Summary
Twitter shareholders on Wednesday voted to boot Egon Durban, the co-CEO and managing director of private equity firm Silver Lake, from its board of directors as the company navigates through testy negotiations with would-be buyer Elon Musk. But with Twitters stock falling alongside the rest of the market, Musk has since expressed deep reluctance about the deal, claiming that the company hasnt been truthful or transparent about the prevalence of bots on the network. Durban, through Silver Lake, is a long-time business associate and backer of Musk companies. And when Musk proclaimed in 2018 that he was going to take Tesla private, he said he was working with Silver Lake as a financial adviser. Both men currently serve on the board of entertainment conglomerate Endeavor, which is led by Ari Emanuel.