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Ask HN: How is it possible to be the CEO of 5 companies at the same time?

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11–20 of 97 posts

Re: Ask HN: How is it possible to be the CEO of 5 companies at the same time?

#11
You buy or found them and make yourself CEO.

The real question is whether someone can be CEO of 5 companies and do a good job.

Personally, I think Musk is much better at being a brand than a CEO. But you can hide a lot behind smoke and mirrors if you're the richest person in the world and other rich people will throw money at you just to be your friend.

Re: Ask HN: How is it possible to be the CEO of 5 companies at the same time?

#12
In many companies CEO is mostly a salesman and his role is to get as many investment flowing in as possible. So it means they have to be a good actor, dress nicely and go to fund raising parties. Often they are hired just for their name - so investor who knows them, feel more reassured about investing in "their" company.

Re: Ask HN: How is it possible to be the CEO of 5 companies at the same time?

#14
Good talent combined with exceptional skill in making stuff run itself.

I'm sure many CEOs are spending a lot of time keeping things going..

I think a few (in smaller orgs) are doing busywork because they quite frankly don't know why they get so much money when the org has pretty much taken care of itself from before they came onboard..

Re: Ask HN: How is it possible to be the CEO of 5 companies at the same time?

#15

I feel a light touch is best. CEOs that run just one company are always changing this and that. They should get out of the way more and let their employees do their work.

Ironic indeed, given the management style Musk is infamous for.

Re: Ask HN: How is it possible to be the CEO of 5 companies at the same time?

#16

-Tesla doesn't need his input all that much at the moment. The key strategy is set, now they just need to execute operationally. -Twitter is what he is doing now actively. -I'm not sure he is doing anything in the Boring Company. -Neuralink is like an R&D outfit, what does he even need to do there beyond hiring engineers? -No idea about SpaceX. Also, he can be the CEO of 5 companies because only one of them is public…

Although Gwynne Shotwell manages day to day ops at SpaceX in her role as COO (including executing existing strategy), it's likely she's driving new strategy with Elon's decisionmaking where relevant, so she's essentially steering the ship at this point and has been for what, a decade? She's been at SpaceX for 20 years but at this point SpaceX is likely profitable from BAU so it's not a surprise that she's likely running nearly everything.

TL;DR: Gwynne Shotwell runs SpaceX.

Re: Ask HN: How is it possible to be the CEO of 5 companies at the same time?

#17

You buy or found them and make yourself CEO. The real question is whether someone can be CEO of 5 companies and do a good job. Personally, I think Musk is much better at being a brand than a CEO. But you can hide a lot behind smoke and mirrors if you're the richest person in the world and other rich people will throw money at you just to be your friend.

Except he was also doing a phenomenal job early in his career too. It's not all smoke and mirrors or connections.

Re: Ask HN: How is it possible to be the CEO of 5 companies at the same time?

#18
post #17

You buy or found them and make yourself CEO. The real question is whether someone can be CEO of 5 companies and do a good job. Personally, I think Musk is much better at being a brand than a CEO. But you can hide a lot behind smoke and mirrors if you're the richest person in the world and other rich people will throw money at you just to be your friend.

Except he was also doing a phenomenal job early in his career too. It's not all smoke and mirrors or connections.

ah yes, he famously had no connections before his career, and his parents were poor immigrants with only a few emerald mines.
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