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Related, what are the odds that Musk would be cool with any Twitter employee taking multiple other full-time jobs at the same time?

avbanks 4y ago
I never actually thought about this but you make a good point.
DrBenCarson 4y ago
I mean he seems totally fine with it, Tesla engineers are working at Twitter at Tesla investors' expense.
- tomschlick 4y ago
  Whats to say those engineers aren't taking PTO time or a leave of absence and getting paid a consulting rate by Elon/Twitter?
  - Thrymr 4y ago
    "Other times, two Tesla employees told CNBC, Tesla workers are pressured to help with projects at his other companies for no additional pay because it’s good for their careers, or because the work is seen as helping with a related party transaction or project." https://www.cnbc.com/2022/10/31/elon-musk-has-pulled-more-than-50-tesla-engineers-into-twitter.html https://www.cnbc.com/2022/10/31/elon-musk-has-pulled-more-th...
  - cma 4y ago
    Burning out your employees with highly technical work on your other company during PTO seems almost as bad.
- burkaman 4y ago
  That is basically the opposite. Being ordered by your boss to go pull an all-nighter at his other company for no additional pay, as opposed to voluntarily taking an additional job along with the associated salary because you were bored and felt like it.
gunapologist99 4y ago
He is simply doing what he believes is in the shareholders' best interests. If you bought a company, especially a failing company, it wouldn't be business as usual: you would immediately set policies that make the most sense for your shareholders and increase profits. And, Musk has a reputation to be a very hard 24x7 worker but also one not bound by a timezone, let alone geographic location, but again it's a lot easier for him to note dedication etc based on who actually shows up to work. This might be an undeserved reputation, but he is clearly "on" texting and tweeting at all hours day-and-night, and he's running multiple successful companies simultaneously, so either he's awesome at delegation or he's working very hard (or both). (of course, he has other shareholders, but he is clearly the majority shareholder and the one who is completely in control of the board, and thus has the greatest legal responsibility to keep twitter solvent and return value to himself and the other investors.)
- cwkoss 4y ago
  > Musk is known to be a very hard 24x7 worker This is just PR. Seems naive to believe the emperor is wearing clothes.
- threeseed 4y ago
  Twitter doesn't have shareholders. But Tesla and SpaceX does. And not sure how happy they are with Musk and employees not being fully committed to adding value to their investments. Especially given that both companies have serious competition that is increasingly in quality and aggressiveness as each day passes. On a sidenote, any manager who measures dedication by number of physical hours at the office is either inexperienced or incompetent.
  - gunapologist99 4y ago
    Sorry, you are misinformed. All private corporations in the U.S. have shareholders. (LLC's have members, which are similar.) The executive team and board of those private corporations have a fiduciary duty to the corporation that they will take actions to increase their investment. Twitter has at least one major shareholder, Elon Musk, which is why I jokingly wrote "the shareholder" singularly. He also seems to have other institutional shareholders, but it's unclear if he just personally owes the money or if they have taken a collateral interest in Twitter itself. (The latter seems more likely) Thus, Elon Musk has a fiduciary obligation to his shareholder(s), even if it was just him (it's not). Like it or not, he is taking steps to reduce the drag on Twitter's finances because he doesn't have a lot of choice. After burning hundreds of millions of dollars for years, he's got to cut the fat quickly or the company will become insolvent.

avbanks 4y ago

I never actually thought about this but you make a good point.

DrBenCarson 4y ago

I mean he seems totally fine with it, Tesla engineers are working at Twitter at Tesla investors' expense.

tomschlick 4y ago
Whats to say those engineers aren't taking PTO time or a leave of absence and getting paid a consulting rate by Elon/Twitter?
- Thrymr 4y ago
  "Other times, two Tesla employees told CNBC, Tesla workers are pressured to help with projects at his other companies for no additional pay because it’s good for their careers, or because the work is seen as helping with a related party transaction or project." https://www.cnbc.com/2022/10/31/elon-musk-has-pulled-more-than-50-tesla-engineers-into-twitter.html https://www.cnbc.com/2022/10/31/elon-musk-has-pulled-more-th...
- cma 4y ago
  Burning out your employees with highly technical work on your other company during PTO seems almost as bad.
burkaman 4y ago
That is basically the opposite. Being ordered by your boss to go pull an all-nighter at his other company for no additional pay, as opposed to voluntarily taking an additional job along with the associated salary because you were bored and felt like it.

gunapologist99 4y ago

He is simply doing what he believes is in the shareholders' best interests. If you bought a company, especially a failing company, it wouldn't be business as usual: you would immediately set policies that make the most sense for your shareholders and increase profits. And, Musk has a reputation to be a very hard 24x7 worker but also one not bound by a timezone, let alone geographic location, but again it's a lot easier for him to note dedication etc based on who actually shows up to work. This might be an undeserved reputation, but he is clearly "on" texting and tweeting at all hours day-and-night, and he's running multiple successful companies simultaneously, so either he's awesome at delegation or he's working very hard (or both). (of course, he has other shareholders, but he is clearly the majority shareholder and the one who is completely in control of the board, and thus has the greatest legal responsibility to keep twitter solvent and return value to himself and the other investors.)

cwkoss 4y ago
> Musk is known to be a very hard 24x7 worker This is just PR. Seems naive to believe the emperor is wearing clothes.
threeseed 4y ago
Twitter doesn't have shareholders. But Tesla and SpaceX does. And not sure how happy they are with Musk and employees not being fully committed to adding value to their investments. Especially given that both companies have serious competition that is increasingly in quality and aggressiveness as each day passes. On a sidenote, any manager who measures dedication by number of physical hours at the office is either inexperienced or incompetent.
- gunapologist99 4y ago
  Sorry, you are misinformed. All private corporations in the U.S. have shareholders. (LLC's have members, which are similar.) The executive team and board of those private corporations have a fiduciary duty to the corporation that they will take actions to increase their investment. Twitter has at least one major shareholder, Elon Musk, which is why I jokingly wrote "the shareholder" singularly. He also seems to have other institutional shareholders, but it's unclear if he just personally owes the money or if they have taken a collateral interest in Twitter itself. (The latter seems more likely) Thus, Elon Musk has a fiduciary obligation to his shareholder(s), even if it was just him (it's not). Like it or not, he is taking steps to reduce the drag on Twitter's finances because he doesn't have a lot of choice. After burning hundreds of millions of dollars for years, he's got to cut the fat quickly or the company will become insolvent.