Musk promises to step down as Twitter CEO when he finds ‘someone foolish enough to take the job’ — but he’ll still run certain teams

Date:

Share:

[ad_1]

Elon Musk said Tuesday that he plans on remaining as Twitter’s CEO until he can find someone willing to replace him in the job.

Musk’s announcement came after millions of Twitter users asked him to step down in an unscientific poll the billionaire himself created and promised to abide by.

“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk tweeted. “After that, I will just run the software & servers teams.”

Since taking over San Francisco-based Twitter in late October, Musk’s run as CEO has been marked by quickly issued rules and policies that have often been withdrawn or changed soon after being made public.

He has also alienated some investors in his electric vehicle company Tesla who are concerned that Twitter is taking too much of his attention.

Some of Musk’s actions have unnerved Twitter advertisers and turned off users. They include laying off half of Twitter’s workforceletting go contract content moderators and disbanding a council of trust and safety advisors that the company formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform.

Musk, who also helms the SpaceX rocket company, has previously acknowledged how difficult it will be to find someone to take over as Twitter CEO.

Bantering with Twitter followers last Sunday, he said that the person replacing him “must like pain a lot” to run a company that he said has been “in the fast lane to bankruptcy.”

“No one wants the job who can actually keep Twitter alive. There is no successor,” Musk tweeted.

As things stand, Musk would still retain overwhelming influence over platform as its owner. He fired the company’s board of directors soon after taking control.

Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of today’s executives. Subscribe here.

[ad_2]

Source link

Subscribe to our magazine

━ more like this

Fire Watch Guard Duties: What They Actually Do When Safety Is on the Line

If your fire alarm system goes down in a commercial building, you don’t get to wait and see what happens. In most U.S. cities,...

Sports Betting Reddit Trends: What Smart Bettors Are Doing Differently

Introduction Over the past few years, Reddit has become one of the most active platforms for bettors looking to improve their strategies. What started as...

The Rise of Specialist Executive Recruitment Firms in the UK

Finding the right senior leader has never been easy. But in today’s fast-moving UK business environment, it has become even harder. Companies face rapid digital...

Why Non-Executive Directors Are Essential for Strong Governance and Business Growth

Did you know that companies with effective non-executive directors (NEDs) can outperform their competitors by up to 20%? This remarkable statistic underscores the vital...

What Canadian Bettors Look for in a Great Sports Betting Experience

What Canadian Bettors Look for in a Great Sports Betting Experience Sports betting has grown quickly across Canada. From casual fans placing weekend wagers to...