Elon Musk - Don't Underestimate His Business Side

 Among many other attributes, Elon Musk is complex.

VISIONARY

Obviously, the Tesla owner and soon-to-be owner of Twitter Musk is an idea guy.

He thinks not only big but visionary. In purchasing the social network he wants to be a game-changer in the concept of free speech. That, he plans to make happen through disrupting the traditional ways content to monitored.

USUAL PRIVATE EQUITY PLAYER

But that's not mutually exclusive with his focus on financials. Bloomberg reports that sources indicate Musk has discussed cutting costs.

That initiative will include jobs at Twitter. It could turn out that this visionary also develops the same kind of reputation many in private equity have. That is, for ruthlessly making lackluster financial performers extreme profit-generators. Those employees who could be put on the street could number not only the rank and file but also the leadership. Musk has been putting the knock on the latter.

LEGACY OF TWITTER

In the history of business Twitter could became a classic case of how private equity transforms a business into a profit monster. And along the way destroys jobs - and lives.

You can connect with Here We Are Editor-in-Chief Jane Genova at janegenova374@gmail.com.

Comments

Post a Comment

Popular posts from this blog

Twitter - Can a Lawyer Stop Elon Musk?

 "'I wish we had done better with lots of things,' [Chief Executive Officer Parag] Agrawal said during the call [an impromptu kind of town meeting with all Twitter employees]." - Insider, April 29, 2022. Earlier the media reported that the chief legal officer Vijaya Gadde wept at a meeting with her people. She reflected that the future was so uncertain. She also expressed her extreme pride in what they had accomplished. The mood among both the leadership and rank-and-file at Twitter seems to be grief. The profound kind when something big is about be lost - forever. Decades ago so many Gulf Oil employees - present and past - experienced exactly that when Chevron acquired it. Intuitively we knew Our Family of Orange had been wiped out.  Although the details are different, what is going on at Twitter and the new film "Memory" could be this: The sense that the very very rich are unstoppable and beyond the norms of society and even justice.  Already Musk ...
Read more

Timing Is Just Right for US Government to Create The Ministry of Magic

The good versus evil meme plays out over control of the Ministry of Magic. That's the delightful plot and setting for the latest sequel in the "Fantastic Beasts" film series. This one has the subtitle "Secrets of Dumbledore." The good side is represented by Albus Dumbledore and the evil one by Gellert Grindelwald. What hangs this all together is the need to protect the mystical creature Qilin  which can see into souls and foresee the future. Meanwhile Grindelwald has conjured up a fraudulent version of the  Qilin.  Magic, of course, is the way problems are solved and opportunities are seized in the film. Those on the Dumbledore team use white magic. Those on Grindelwald's the toxic kind. But, white magic wins, thanks to the ability to get the  Qilin  to the election to select what leader is pure of heart. Along the way the displays of fanastic whatevers, including the beasts, are amazing. And, like a Shakespearean comedy, the film ends with a wedding. Al...
Read more

Paul Weiss' ESG & Law Institute - What's In It for Law Schools ...

 " ... he [David Curran] says the biggest challenge is the lack of law school education surrounding ESG. 'We had to put this whole curriculum together at our firm that didn't exist, and the same is true everywhere else,' Curran said. 'There is no course at a law school about this, but we're hoping that in the next 18 months that changes.'" - Anna Sanders, Law360, April 13, 2022. It had been two years and one month ago since David Currant had become The Chief Sustainability and ESG Officer at law firm Paul Weiss. That was for its newly launched Sustainability – ESG practice . The innovation had been the first-ever in the US legal sector. Its mission has been to guide corporate leaders through the landmines of ESG (Environmental Social Governance) values. Here is how Paul Weiss puts it: “We advise on matters such as stakeholder engagement, corporate governance, crisis management, corporate social responsibility, sustainability, diversity and inclusion...
Read more