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I think it is noteworthy given the notoriety of Musk and the high pressure situation being CFO of a company whose CEO makes numerous unsubstantiated claims. If
by skh 8y ago
I think it is noteworthy given the notoriety of Musk and the high pressure situation being CFO of a company whose CEO makes numerous unsubstantiated claims. If I were an investor in TSLA this would not be welcome news to me. Is this person, relatively young for CFO, in a position to stand up to Musk? Is this person going to be just a yes man so to speak?
- SECProto 8y ago> Is this person, relatively young for CFO, in a position to stand up to Musk? Is this person going to be just a yes man so to speak? My guess: Musk would be more likely to listen to someone who knows the company inside and out and has been with them for years, as opposed to a qualified outsider.
- skh 8y agoI don’t know Musk but from what I’ve read about him from an ex-wife of his and those who have worked for him Must is most likely not going to listen to anyone he doesn’t have to. He appears to have a Trumpian incapacity for admitting wrondoing or admitting that a decision was wrong. I would not want to invest in a company run by him if it didn’t have strong people in key positions.
- ecpottinger 8y agoA qualified outsider who in turn is really unqualified as being an outsider means they know little about how the company really works.
- BurningFrog 8y ago> Is this person, relatively young for CFO, in a position to stand up to Musk? Maybe not, but is that even the job of a CFO? The CFO works for the CEO, right?
- skh 8y agoI would not want to invest in a company in which high ranking officers did not have the ability to push back against the CEO. Rarely is one person always correct. Steve Jobs famously did not want to port iTunes to Windows but angrily consented to doing so due to pushback by people who reported to him. Musk has a very strong personality and an investor ought to want equally strong personalities in key positions since TSLA ought not be a dictatorship.
- rubyn00bie 8y agoNo that's not correct, they work for the shareholders and board of directors.
- DanBC 8y ago> Maybe not, but is that even the job of a CFO? The board has to hold itself to account, and that means members of the board have to hold each other to account.
- BurningFrog 8y agoMaybe we're all a bit right. Seems like it varies. According to https://en.wikipedia.org/wiki/Chief_financial_officer https://en.wikipedia.org/wiki/Chief_financial_officer > The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board