Nepotism is going to save Tesla! Right? If I were an independent investor, I'd be pulling my money out after this news.
How is this nepotism?
Here's the son if someone else! /s
James Murdoch in line to replace Musk as Tesla chairman
21–30 of 91 posts
Re: James Murdoch in line to replace Musk as Tesla chairman
#22Oh I see how this works. Pay the boy some big bucks and the bad news goes away?
It's the same shit-show in the UK. The same 20 Chairmen who know how to grease-the-wheels cycle around the big co's, milking fat-cat pay for 4 days a month.
Re: James Murdoch in line to replace Musk as Tesla chairman
#23From the article: The son of Fox mogul Rupert Murdoch, he joined Tesla’s board in July 2017 after years of work with media companies. He has no experience in manufacturing and has never led a company that makes cars or electric vehicles. What exactly does this guy bring to the table for Tesla? Money? Connections?
James Murdoch has been on the board for a while and is very good friends with Elon Musk. So this brings a sympathetic chairman who isn't going to crack down on Musk's erratic behaviour.
This goes completely against the intent of the SEC agreement and I would not expect this to be the end of it.
Re: James Murdoch in line to replace Musk as Tesla chairman
#24Re: James Murdoch in line to replace Musk as Tesla chairman
#25From the article: The son of Fox mogul Rupert Murdoch, he joined Tesla’s board in July 2017 after years of work with media companies. He has no experience in manufacturing and has never led a company that makes cars or electric vehicles. What exactly does this guy bring to the table for Tesla? Money? Connections?
Weren't the same mostly applying to Musk? SpaceX certainly counts more for manufacturing, but in case of cars it's quite a different thing I would imagine.
I don't have horses in this race.
Re: James Murdoch in line to replace Musk as Tesla chairman
#26Re: James Murdoch in line to replace Musk as Tesla chairman
#27Sorry, we live in a world where News Corp has been at the epicenter of cultivating "Merchants of Doubt"[1] when it comes to anthropogenic climate change. Anyone tied up in that universe deserves skepticism if not outright rejection for the unbelievable damage they have wielded on society's ability to address climate change. The cost to society is enormous, and their grandchildren and grandchildren's children will pay.
Even if James Murdoch is entirely amoral and more of an abacus-bean-shifter (i.e., money guy), we must recognize that the reason why an electric car company like Tesla even exists is because of headstrong founders and employees who demanded a sustainable form of transport that was not just excellent among electric cars, but one of the greatest cars.
In a way, money guys getting into Tesla is validation of the mainstream viability of sustainable transport, but we are still in a fragile state where all kinds of forces are aligning themselves against Tesla. We still need people ideologically committed to a rapid sustainable transition.
Re: James Murdoch in line to replace Musk as Tesla chairman
#28From the article: The son of Fox mogul Rupert Murdoch, he joined Tesla’s board in July 2017 after years of work with media companies. He has no experience in manufacturing and has never led a company that makes cars or electric vehicles. What exactly does this guy bring to the table for Tesla? Money? Connections?
That's not how boards generally work. They're there for corporate governance and, in this case, to make sure the company is hiring the right people experienced in manufacturing and EVs...
As an example, here is the board of directors for General Motors:
https://www.gm.com/our-company/leadership/board-of-directors...
Not exactly a lot of car building experience.
Re: James Murdoch in line to replace Musk as Tesla chairman
#29Sorry, we live in a world where News Corp has been at the epicenter of cultivating "Merchants of Doubt"[1] when it comes to anthropogenic climate change. Anyone tied up in that universe deserves skepticism if not outright rejection for the unbelievable damage they have wielded on society's ability to address climate change. The cost to society is enormous, and their grandchildren and grandchildren's children will pay…
Climate change / fear / drama in general, all sell news papers for Murdoch. I'm sure they'll capitalize on this sooner or later, it's a shame for now it seems the focus has been on getting people elected that seem hell bent on making the situation worse. Or maybe that's just part of the plan all along?
Re: James Murdoch in line to replace Musk as Tesla chairman
#30Sorry, we live in a world where News Corp has been at the epicenter of cultivating "Merchants of Doubt"[1] when it comes to anthropogenic climate change. Anyone tied up in that universe deserves skepticism if not outright rejection for the unbelievable damage they have wielded on society's ability to address climate change. The cost to society is enormous, and their grandchildren and grandchildren's children will pay…
From another commenter.
> threeseed
> James Murdoch has been on the board for a while and is very good friends with Elon Musk. So this brings a sympathetic chairman who isn't going to crack down on Musk's erratic behaviour.
It seems a bit late to be concerned about this guy wielding influence at Tesla.