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Elon has a pretty good track record of CEOing SpaceX (12 years) and Tesla (15 years), two of the most impressive and impactful companies of our generation.
by pbreit 8y ago
Elon has a pretty good track record of CEOing SpaceX (12 years) and Tesla (15 years), two of the most impressive and impactful companies of our generation.
- deleted 8y ago[deleted]
- bdcravens 8y agoTesla has never had a profitable year, yet the company's voting structure requires almost 90% of shareholders outside of Musk to vote to ever oust him. He has even more control of SpaceX, having majority ownership and a super-majority of voting shares. It's virtually impossible to unseat him as CEO, so pointing out that he's CEO doesn't really establish anything about his quality at holding that position.
- pbreit 8y agoThat seems like an odd way to evaluate a CEO. I would evaluate more on what the company is able to achieve (yes, I understand Tesla's lack of profitability).
- tptacek 8y agoThat's a non-sequitur answer. He's refuting your claim that you can evaluate Musk's ability from his tenure at those two companies, because both are structured such that he can retain control regardless of his performance. He's not providing you with a rubric for evaluating CEOs, but rather pointing out how your own rubric is flawed.
- pbreit 8y agoI don't understand. How is his retaining control based on the structure of voting rights related to his job performance?
- bdcravens 8y agoGood question. You're the one that implied he must be a good CEO because he had been one for so long, which is silly if he can't be fired. "Elon has a pretty good track record of CEOing SpaceX (12 years) and Tesla (15 years)"
- pbreit 8y agoI'm saying he's a good CEO because has been a fantastic one for 15+ years at 2 world-changing companies. He's made shareholders 10s of billions of $$ so obviously would not be fired.