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It's part of the settlement: > Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Mus
by juki 8y ago
It's part of the settlement:
> Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk’s communications;
- Barrin92 8y agoI don't really know what it says about the CEO of a company if they basically have to put him under supervision. He's not a kindergartner. I feel this reliance on Musk as a face of the company is increasingly the biggest selling point of the company, which will be unhealthy in the long run.
- InTheArena 8y agoThis is just called good governance. CEO and president should be separate roles. We’ve consistently seen bad governance when they are merged
- stevew20 8y agoLike in the US government...
- anticensor 8y agoDonald Trump would bring the same results even if he had a prime minister.
- michaelt 8y agoI don't really know what it says about the CEO of a company if they basically have to put him under supervision. He's not a kindergartner. The vast majority of Fortune 500 companies don't have celeb CEOs who make official announcements through their personal twitter accounts. Warren Buffett doesn't compose his letters to shareholders in 30 seconds from his cell phone while he's on the toilet. He probably runs them past a handful of people and waits a few days to look at them with a fresh pair of eyes before he sends them out, like a college student would with their thesis. This is normal CEO behaviour.
- Barrin92 8y agoIt's normal ceo behaviour to run your statements by PR people, but it isn't normal to have that forced onto you by your board after you were just fined a 20 million dollar fine by the SEC because you went on a twitter bender