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If I was an institutional investor I'd be pissed he's not out as CEO. Musk is talented at start-ups but has been a disaster at running scaled up companies. Hi
by thinkcontext 8y ago
If I was an institutional investor I'd be pissed he's not out as CEO.
Musk is talented at start-ups but has been a disaster at running scaled up companies. His risk taking on Model 3 assembly line automation nearly sunk Tesla and could still do do. BFR could sink SpaceX, it's a rocket for Mars colonization without a customer.
I'm a huge fan of his accomplishments but the risk taking coupled with the erratic behavior is too much. His boards should kick him out.
- fermienrico 8y agoI agree that he has gone a bit lunatic recently, but everyone was praising him just a year ago. I feel like a lot of recent hate has to do with his erratic behavior in recent year. But, lets just look back at 2017 - everyone was praising him for his leadership. A few PR incidents and now all of a sudden he is incapable as a CEO?
- thinkcontext 8y agoIt is not true that everyone was praising him a year ago. There were very serious execution concerns being raised then.
- greglindahl 8y agoAny institutional investor owning SpaceX shares knew that BFR was the plan when they bought the shares.
- InclinedPlane 8y agoWell, not that is more in the hands of the rest of the shareholders. He's no longer on the board and there will be new independent board members so it will be all the easier to remove him as CEO if that is the thing that the shareholders want.
- thinkcontext 8y agoGood point, the independent investors could make it more likely he be removed if he continues to be erratic. And Blackrock did propose having him step down as chairman.
- icelancer 8y agoIf you were an institutional investor sinking money into his companies you knew what you were getting into.