Elon Musk reverses decision to join Twitter’s board
"We were excited to collaborate and clear about the risks," Agrawal said on Sunday."We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward. The board offered him a seat."
Musk's appointment was subject to a"background check and formal acceptance" on April 9, but Musk informed Twitter of his decision on the same day. Musk remains the biggest shareholder of Twitter and Agrawal said the company will remain open to Musk's input.
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