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James Murdoch in line to replace Musk as Tesla chairman
- deleted 8y ago[deleted]
- Twirrim 8y agoWonder how long until Fox News does a 180 on global warming and starts talking about the importance of electric vehicles?
- anotheramala 8y agoTheir religion is money
- lallysingh 8y agoWouldn't that be wonderful? :-)
- trhway 8y agoor Tesla getting an ICE?
- creaghpatr 8y agoor ICE getting a fleet of Tesla
- manticore_alpha 8y agoICE = internal combustion engine.
- manticore_alpha 8y agoLOL I'm shadow banned. Fuck this autistic site forever.
- dqpb 8y agoOr Tesla's start streaming hateful propaganda
- taneq 8y agoMaybe he wouldn't be such a bad pick after all, hmmm...
- pulisse 8y agoJames lost the contest for control of Fox to his older brother Lachlan, and the latter's politics are reportedly close to their father's. In other words, expect Fox to stay the ideological course.
- Zarath 8y agoAbout until electric car companies become incumbent, rent-seeking, humanity-sucking corporations that thrive off propaganda, subsidies, and bribes to stay afloat. Then they will be on board.
- 0x5f3759df-i 8y agoOr how long until Tesla starts making gasoline powered cars?
- elektor 8y agoFrom the article: The son of Fox mogul Rupert Murdoch, he joined Tesla’s board in July 2017 after years of work with media companies. He has no experience in manufacturing and has never led a company that makes cars or electric vehicles. What exactly does this guy bring to the table for Tesla? Money? Connections?
- deleted 8y ago[deleted]
- thrill 8y agoKnowledge of how to lead.
- starsinspace 8y agoBut lead where? Without domain knowledge..?
- deleted 8y ago[deleted]
- celticninja 8y agoMurdoch and his family are poisonous, this won't help Tesla in the long run but might help.then with the SEC in the short run.
- bitL 8y agoNepotism is going to save Tesla! Right? If I were an independent investor, I'd be pulling my money out after this news.
- durkie 8y agoHow is this nepotism?
- lallysingh 8y agoHere's the son if someone else! /s
- deleted 8y ago[deleted]
- threeseed 8y agoJames Murdoch is good friends of Elon Musk. So it is technically nepotism.
- pulisse 8y agoTheir friendship would make it cronyism, not nepotism.
- amunicio 8y agoCronyism is a subtype of nepotism.
- threeseed 8y agoNepotism: "the practice among those with power or influence of favouring relatives or friends, especially by giving them jobs." https://en.oxforddictionaries.com/definition/nepotism https://en.oxforddictionaries.com/definition/nepotism
- bitL 8y agoTo an outsider like me it would look like a position awarded due to being a son of a powerful/rich father with relevant experience awarded the same way in another corporation (how likely is to become a chief executive in young age on own merit?). That would qualify it as a nepotism (father as investor to son); if Elon is a friend, then also cronyism. I have no hope in companies ran in such fashion; they can't survive Darwinian environment, bad decisions would accumulate in time, leading to larger and larger monetary loss, prompting fund withdrawal to cut the losses at some point.
- jumelles 8y agoMore coverage from The Guardian: https://www.theguardian.com/technology/2018/oct/10/james-murdoch-elon-musk-replacement-tesla-chair https://www.theguardian.com/technology/2018/oct/10/james-mur... This doesn't seem to be set in stone; rather, Murdoch is the lead candidate. There has to be a replacement for Musk by mid-November.
- jimnotgym 8y agoOh I see how this works. Pay the boy some big bucks and the bad news goes away? It's the same shit-show in the UK. The same 20 Chairmen who know how to grease-the-wheels cycle around the big co's, milking fat-cat pay for 4 days a month.
- ridicter 8y agoSorry, we live in a world where News Corp has been at the epicenter of cultivating "Merchants of Doubt"[1] when it comes to anthropogenic climate change. Anyone tied up in that universe deserves skepticism if not outright rejection for the unbelievable damage they have wielded on society's ability to address climate change. The cost to society is enormous, and their grandchildren and grandchildren's children will pay. Even if James Murdoch is entirely amoral and more of an abacus-bean-shifter (i.e., money guy), we must recognize that the reason why an electric car company like Tesla even exists is because of headstrong founders and employees who demanded a sustainable form of transport that was not just excellent among electric cars, but one of the greatest cars. In a way, money guys getting into Tesla is validation of the mainstream viability of sustainable transport, but we are still in a fragile state where all kinds of forces are aligning themselves against Tesla. We still need people ideologically committed to a rapid sustainable transition. [1]https://en.wikipedia.org/wiki/Merchants_of_Doubt https://en.wikipedia.org/wiki/Merchants_of_Doubt
- verelo 8y agoClimate change / fear / drama in general, all sell news papers for Murdoch. I'm sure they'll capitalize on this sooner or later, it's a shame for now it seems the focus has been on getting people elected that seem hell bent on making the situation worse. Or maybe that's just part of the plan all along?
- TaylorAlexander 8y agoI mean I think it makes the situation better for the various cronies in control of the administration. A guy focused on “deals” is a godsend for moneyed interests who just want to get their way.
- archgoon 8y agoFrom another commenter. > threeseed > James Murdoch has been on the board for a while and is very good friends with Elon Musk. So this brings a sympathetic chairman who isn't going to crack down on Musk's erratic behaviour. It seems a bit late to be concerned about this guy wielding influence at Tesla.
- hardwaresofton 8y agoWhoever does handles PR/brand image for Tesla must have stomach ulcers at this point. The amount of ire (whether potential or real) drawn in the last ~1 year is insane: - Elon makes false accusations - Elon says dumb thing about going private - Elon smokes weed on a podcast (this is a +/don't care for me but I imagine not for Tesla's entire audience) - Elon lets slip that the Saudis are where the money might have come from - James Murdoch (that Murdoch, which generally people don't know or hate) might replace Musk on the board of Tesla - Near constant questioning of company finances and viability Before this year, Tesla was basically an awesome, expensive, trendy, and progressive car company that by and large people (those who can afford one, those who build them, those who love the planet, those who like high performance cars) loved --
- rcMgD2BwE72F 8y ago1. You seem to confuse false and unsubstantiated 4. "lets slip that the Saudis are where the money might have come from" That's honest. Perhaps the problem is that the Saudi might take a share? If so, why is that a problem other than Western capitalists chose not to finance such operation instead? If the Saudi are OK to pay the best price to lead the transition to EV, why refuse? If the problem is with the communication of the info, then why do we prefer to be kept in the dark and not know how sausage is made? 5. Elon said that it is incorrect (cf direct reply to FT). I'm curious: who would you recommend? The guy is a clear supported of the transition to sustainable energy, while being part of a family known to lead the fight against it. He's probably well armed for the job, then. 6. Near constant questioning of company finances and viability: Most is just FUD from short-sellers, which the media repeat because its sensationalism makes people click. We'll know soon enough with Q3's results. In the meantime, Model 3 are selling like hot cakes.
- JoshCole 8y agoFound a primary source on Tesla board about news of this type. 20% stake holder, therefore has huge influence on decision. https://twitter.com/elonmusk/status/1050164164805545984 https://twitter.com/elonmusk/status/1050164164805545984 Tesla and Elon Musk propaganda campaigns are so successful on Hacker News that I'm getting close to just being done with the site entirely.
- JoshCole 8y agoFeel free to go read your precious article again by the way. It has been edited to reflect the fact that actual people with strong control over this decision have said that it is not as the article originally implied. Hacker News? Every correction had zero upvotes. But now its the next day. This story is no longer on the front page. Anchoring effects are taking hold. Will Hacker News even ever know there was a correction to the article?
- diogenescynic 8y agoNothing could make me want this company to fail more than knowing the Murdoch’s are involved.
- JoshCole 8y agoThe story is not correct.
- JoshCole 8y agoA 20% stake holder and board member, who unlike the quoted article is not anonymous, has publicly refuted the misinformation currently being treated as true on Hacker News with regard to claims about James Murdoch. https://twitter.com/elonmusk/status/1050164164805545984 https://twitter.com/elonmusk/status/1050164164805545984
- tomiplaz 8y agoElon has tweeted that "this is incorrect".