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SpaceX said to fire employees involved in letter rebuking Elon Musk
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Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#512I've owned TSLA stock for over a decade, and I believe in the company, but I find Musk increasingly distasteful. If I had sold the last time it was over $1,000... of course that's the silly wishful thinking we all do in a contraction/correction, but goddamn, I want him out of my life. I've already sold some of it, just to assuage my conscience a little (as well as lock in some of my profits). The next good opportunit…
I am beginning to find his erratic behaviour distasteful too.
But I think in this case(if the news articles are accurate), SpaceX actions were not entirely unjustified. It is an internal matter of a private company.
Free speech is a constitutional right that applies to every individual. Employment contracts and terms of it do not have to adhere to it.
Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#513Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#514Quoted post unavailable.
Dang, sounds like your workers need to unionize haha.
Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#515Quoted post unavailable.
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Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#516Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#517>The letter asked SpaceX management to publicly separate the company from Mr. Musk’s personal brand.
This is not realistic. It will not happen. Elon Musk is the founder, chairman, CEO and CTO. He owns 47% of the company and 78% of voting control.
A company you work for is not a democracy. You are not an owner. You don't get to call out, to make governance decisions, to create pressure campaigns, etc. This is doubly true for privately held companies. It would be truly bizarre if these employees weren't fired for this wannabe activism routine.
In short, go launch your own damn satellites.
Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#518Elon is becoming a joke. For a person who had such a big vision, he surely appears to spend too much time voicing himself on Twitter, thus exposing his less good thoughts (which we all have).
Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#519Earlier quoted context omitted.
What I think is finally giving people Elon fatigue is his politics. I don't care about Mr. Musk's politics. But I dumped all of my Tesla stock recently because of his increasingly erratic behavior. To me, it demonstrates an inability to make wise decisions. And I can't trust my money to people who can no longer reliably make wise decisions. He's impulsive, and entertaining to watch; but now I will do so from a distan…
This is actually bad investment strategy. Warren Buffet once made a shit load of money because of this. During a more conservative time... waaay back. A company was doing very well but the CEO had an affair. The public caught wind of the affair and the stock tanked, because people had your exact same philosophy. Those people cared about the behavior of the CEO while ignoring the metrics of the company. Warren Buffet…
A CEO having an affair is probably different than a CEO with a sizable control of votimg shares, appearing to be pretty impulsive in general in public.
The CEO with the affair could presumably be replaced if romantic fidelity is important to the company or if the relationship violated company policies, but if it doesn't affect their business choices, maybe it's not needed.
A CEO with strong control is a lot harder to replace, and fighting over replacing such a CEO is likely to happen in public and be a negative for the company. General impulsiveness is, IMHO, more likely to show up in business choices than romantic impulsiveness (if that's what was the basis for the affair), and business choices made for impulsive reasons at the very least increases volitility and may likely reduce expected value. If I'm investing in an established company, I think I want stability and rational choices, not volatility and impulsive choices. But then, I don't invest in individual companies, apart from stock based compensation.
Re: SpaceX said to fire employees involved in letter rebuking Elon Musk
#520I can't imagine trashing my CEO and expecting to keep my job. Maybe that's a Gen-X thing?
Maybe they actually believed his statements regarding unlimited free speech. It's not backed by evidence but SpaceX does attract dreamers.
I would expect the sorts of employees that would write a letter like that are more of the "free speech for me, not for thee" types.