4 ms·
How is this nepotism?
by durkie 8y ago
How 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.