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I’m starting to get worried myself. Seeing finance people who would have to take responsibility for things like signing the financials over to audit leaving is

I’m starting to get worried myself. Seeing finance people who would have to take responsibility for things like signing the financials over to audit leaving is not unlike seeing rats dive off the deck of a ship. Maybe they’re just tired of the ride, but maybe they’re aware of something the crew isn’t. Either way, ignoring that sign and making excuses because of love or Tesla is a bad move. A lot of major financial implosions in the past gave off plenty of warning signs that many people ignored. Until it all finally comes out, the naysayers expressing concern about HugePopularEndeavor X are usually shouted down as pessimists or saboteurs. Then things fall apart and suddenly everyone wants to know how it wasn’t seen coming. A stream of people unwilling to sign on the dotted line for the audit is worrying. Replacing them with a totally inexperienced person for a $50b market cap company smells like burning sails and timbers to me.

fatlasp 8y ago
In grad school I had a corporate finance professor that said when you see the CFO leaving it's almost always a bad sign. Finance guys don't leave when everything looks like it's going to be smooth sailing for years to come
- deleted 8y ago
  [deleted]
- rm_-rf_slash 8y ago
  I generally agree with that assessment, but to be fair, any qualified CFO would likely have lower-risk, comparable-reward option elsewhere. I believe in Tesla and hope to the heavens that they succeed in what they are doing, but if I were a star CFO being headhunted for this job, I would probably see myself looking at the prospect of working brutal hours with an uncertain payout, and a possible reputational vulnerability should things go south. Only true believers need apply.
- rchaud 8y ago
  Yeah well, this CFO left, then came back, then left again. Totally different situation! Stop trying to help the short sellers! /s

fatlasp 8y ago

In grad school I had a corporate finance professor that said when you see the CFO leaving it's almost always a bad sign. Finance guys don't leave when everything looks like it's going to be smooth sailing for years to come

deleted 8y ago
[deleted]
rm_-rf_slash 8y ago
I generally agree with that assessment, but to be fair, any qualified CFO would likely have lower-risk, comparable-reward option elsewhere. I believe in Tesla and hope to the heavens that they succeed in what they are doing, but if I were a star CFO being headhunted for this job, I would probably see myself looking at the prospect of working brutal hours with an uncertain payout, and a possible reputational vulnerability should things go south. Only true believers need apply.
rchaud 8y ago
Yeah well, this CFO left, then came back, then left again. Totally different situation! Stop trying to help the short sellers! /s