Show Notes
Most treasury teams treat derivatives as insurance policies and stop there. The real discipline is knowing which exposures are worth hedging at all, and at what cost to the business.
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Who protects minority shareholders when Elon Musk sits on both sides of a possible $3.5 trillion Tesla SpaceX merger? The hosts disagree. One calls the special committees of independent directors theatre, pointing to director Ehrenpreis appearing on both companies' independent lists. The other calls them the only legal tool available, noting the vote requires a majority of all outstanding Tesla shares.
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