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Nepotist  ·  2032 days ago  ·  link  ·    ·  parent  ·  post: Elon Musk settles with SEC over fraud charge

Musk originally rejected what was a better version of this same offer (2 years off as chairman instead of 3), but then the next day accepted this worse settlement. My guess is he felt somehow like he didn't do anything wrong and the SEC was being unreasonable, and his lawyers were able to convince him of how utterly wrong he was.