3 ms·
Elon is the owner. Altman is a hired CEO.
by leobg 3y ago
Elon is the owner. Altman is a hired CEO.
- andrew_ 3y agoAnd? Musk's companies are separate business entities.
- airstrike 3y agoBut since he owns them, he can do whatever he wants with them? Unless you're arguing he's forming a trust / cartel, which I don't think is the issue being debated here
- avarun 3y agoHe doesn't wholly own any of them though?
- airstrike 3y agoyou don't need whole ownership to control a company, just a controlling interest
- jwestbury 3y agoSure - but this holds for public companies, too, especially those with different classes of share. For instance, Drew Houston has >50% voting power for Dropbox, despite it being a public company in which he nominally owns <50% of shares. Having investors, even if you own a controlling interest, still has implications on company decisions and possible legal action.
- phpisthebest 3y agoYes and no... 1. Many people would still scream bloody murder because they do not like Elon 2. When it comes to Tesla it is a public company so Elon has a duty of care to the public shareholders 3. even for the Private companies, Elon is not the SOLE owner, not even of twitter, so he still has a duty to the other minor shareholders, being a majority shareholder gives you lots of authority, but not unlimited authority. If he was the Sole shareholder it would be different.