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James Murdoch In Line To Replace Musk As Tesla Chairman, Says Report [Update] (reuters.com)
21st Century Fox CEO James Murdoch is the lead candidate to replace Elon Musk as Tesla chairman, the Financial Times reported today. The company has until November 13 to appoint an independent chairman of the board, part of settlements reached last month between Tesla, Musk and U.S. regulators in the wake of Musk tweeting in August that he had secured funding to take the company private. Reuters reports: The U.S. Securities and Exchange Commission, which said the statement was fraudulent, allowed the billionaire to retain his role as CEO while stripping him of his chairmanship and imposing a penalty of $20 million on each party. Murdoch, who is a nonexecutive director of Tesla, has signaled he wants the job, the report said. 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.
Murdoch currently serves on the boards of 21st Century Fox and News Corp. He stepped down from the board of Sky Plc on Tuesday following the completion of Comcast Corp's takeover of the broadcaster. Glass Lewis research director Courteney Keatinge said in a telephone interview on Wednesday that while Murdoch's departure from Sky could alleviate some concerns, the Tesla chairmanship would still require a big time commitment as the company faces pressures on many fronts. Update: In a tweet late Wednesday, Musk said Financial Times' report was inaccurate.
Murdoch currently serves on the boards of 21st Century Fox and News Corp. He stepped down from the board of Sky Plc on Tuesday following the completion of Comcast Corp's takeover of the broadcaster. Glass Lewis research director Courteney Keatinge said in a telephone interview on Wednesday that while Murdoch's departure from Sky could alleviate some concerns, the Tesla chairmanship would still require a big time commitment as the company faces pressures on many fronts. Update: In a tweet late Wednesday, Musk said Financial Times' report was inaccurate.
Murdoc is replacing MacGyver? He gonna install Blofeld as CEO next?
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
...Grabs popcorn...
yes, the current state of affairs is re-volting, I am not amped about this. The potential for failure is high.
"Every time I see an adult on a bicycle, I no longer despair for the future of the human race." - H. G. Wells