Musk doesn’t wish to be CEO of any company.
Nov 18, 2022 12:59 am
Nov 18, 2022 12:37 am
Despite having just taken the reins of the social media company and enacting seismic changes, Elon Musk says he expects to reduce his time at Twitter and find a new CEO.
According to reports at Reuters and elsewhere, Musk told a Delaware judge that he plans to “reduce my time at Twitter and find somebody else to run Twitter over time.” This is something he has told investors as well, offering that his tenure as Twitter CEO is only temporary.
Elon Musk and His $44 Billion Takeover of Twitter: The Story So Far
Since taking over the social media website after acquiring it for $44 billion, Musk has made headlines for each new business move including mass layoffs and prioritizing Twitter Blue which now comes with a verified check mark for subscribers.
These moves have subsequently been followed-up with additional reports, such as the inefficient way in which Twitter employees were informed of their layoff, and how the Twitter Blue feature was immediately used to impersonate official Twitter accounts for jokes.
Musk actually says he doesn’t want to be CEO of any company, despite being CEO of several. This includes his companies like Tesla and SpaceX. But in both cases, Musk told the judge that he views his role as someone who facilitates new technology, whereas the CEO title is more of a business role.
Musk was testifying on whether Tesla’s board acted appropriately when handing Musk a $52 billion pay package.
Matt T.M. Kim is IGN’s News Editor. You can reach him @lawoftd.