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I don't particularly like Musk, and I understand why people are mad, but Musk doesn't owe them anything. Anybody who doesn't like it can sell their Tesla stock
by jlarocco 8y ago
I don't particularly like Musk, and I understand why people are mad, but Musk doesn't owe them anything. Anybody who doesn't like it can sell their Tesla stock and walk away. Same goes with Tesla employees.
It's not like he just started doing stupid stuff like this a couple weeks ago.
Edit: It's also amusing to see so many people on HN pushing the, "think of the shareholders" line.
- thrill 8y agoWrong. Musk as an officer of TSLA, a publicly traded company, most explicitly has fiduciary responsibilities to those who hold the company's stock.
- jlarocco 8y agoRight, but there's leeway in fiduciary responsibility. Musk has a reputation for doing this type of thing (specifically the immature "naughty by nature" tweet), and running companies that way seems to work for him. People looking to invest with a by-the-book CEO should go somewhere else because that's not Elon Musk.