Wall Street Dramas: JetBlue’s Hostile Bid, Elon Musk’s Twitter Plan, Jeff Bezos’s Pointed Tweets 5/17/22
Episode description
A new SEC filing reveals Elon Musk’s original plan to join Twitter’s board, and to later abandon that plan in favor of a takeover. Transportation Sec. Pete Buttigieg reacts to JetBlue’s hostile takeover bid for Spirit Airlines and Jeff Bezos’s pointed tweets at President Biden’s economic agenda. Plus, Intel shareholders voted against the company’s compensation for its top executives, sending a signal that some Intel investors are closely watching the performance of CEO Pat Gelsinger and the progress of his turnaround plan for the chip giant.
In this episode:
Pete Buttigieg, @SecretaryPete
Brian Sullivan, @SullyCNBC
Andrew Ross Sorkin, @andrewrsorkin
Becky Quick, @BeckyQuick
Cameron Costa, @CameronCostaNY
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