Political | Process

While he didn’t go into specifics, DeSantis pledged to direct state officials to explore ways to scrutinize the board’s decision-making.

“We’re going to be looking at ways that the state of Florida potentially can be holding the Twitter board of directors accountable for breach of their fiduciary duty,” the governor said.

Upset over Musk’s splashy offer, Twitter’s board took action to weaken his leverage.

The “poison pill” would limit Musk’s ability to nab a larger stake in the company by making discounted shares available for purchase if he ever exceeds 15% ownership – a move that would sharply dilute his position.

“What Musk is trying to do is in a sense liberate it from being an agent of censorship into making it an actual open platform,” DeSantis said.

But 68% of Twitter staffers said they disapproved of Musk’s stated suggestions for the company and objected to his purchase bid.

Musk offered to purchase Twitter and take it private for $54.20 last week, and Twitter’s board is working to fight off the buyout. Board members currently make between $200,000 and $300,000 salaries.

Last week, Musk became Twitter’s largest shareholder with a 9.2% stake, however, the Vanguard group soon surpassed him as the largest stakeholder after it reportedly acquired 10.3% of the company.

On Monday, Musk said he would cut the salaries of Twitter’s board of directors to zero if his attempt to purchase the company is successful.

“Board salary will be $0 if my bid succeeds,” Musk wrote in a tweet, noting that it will save the company roughly $3 million each year.