Breakingviews – Twitter gives investors the snub they deserve
Twitter’s shareholders and its board are made for each other. The social media platform has refused to accept the resignation of director Egon Durban, who failed to get a majority of votes cast at Twitter’s annual meeting on Wednesday. The company says Durban, the co-CEO of private equity firm Silver Lake, was being punished by some institutional shareholders for serving on six other company’s boards. So now he has agreed to serve on just five.