We Spoke to an Old-School Corporate Raider About Elon Musk and Twitter

We Spoke to an Old-School Corporate Raider About Elon Musk and Twitter

2 years ago
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https://www.vice.com/en_us/article/dypq9q/we-spoke-to-an-old-school-corporate-raider-about-elon-musk-and-twitter

Elon Musk’s dramatic and public battle to own Twitter has reignited interest in the complex minutiae of hostile takeovers. Already this month, the Tesla CEO has revealed a 9.2 percent stake stake in the social media platform, declined a board seat meant to placate him, and attempted one of the more memorable corporate takeovers of the century. In response, Twitter has adopted a so-called “poison pill” plan to kill the bid, leading to a dramatic standoff.

What happens from here? To better understand the situation, we spoke to Asher Edelman, a 1980s corporate raider and one of the inspirations behind Gordon Gekko, the fictional character in Oliver Stone’s Wall Street who came to symbolize 1980s opulence and greed. As a young man bursting onto the takeover scene, Edelman was said to possess a rare combination of intense intellect, calculating ruthlessness, a legendarily “lavish life-style” and a “penchant for avant-garde art,” as the New York Times put it back then.