Elon Musk, the tech tycoon renowned for his ambitious ventures, has cast yet another stone into the river of unpredictability. In a Thursday tweet, Musk shared that he has discovered the successor to the CEO throne of Twitter or X Corp., as the bird app is now dubbed. And the best part? The torchbearer is a woman. With six weeks until her official start date, the identity of the chosen one remains a mystery.
Having acquired Twitter last autumn and assumed the reins of leadership, Musk has maintained his reluctance to don the mantle of CEO in a permanent capacity. Rather, the Tesla maverick plans to assume the position of Twitter’s executive chairman and chief technology officer, making a strategic shift to focus on the technological aspects of the company.
In a Delaware court hearing in mid-November, soon after the Twitter purchase worth $44 billion, Musk had proclaimed his lack of interest in being the CEO of any organization. During his testimony, he asserted that his involvement in Twitter would eventually dwindle, as he searched for the perfect candidate to spearhead the operation.
Tesla Shareholders Rejoice as Musk Finds New Twitter CEO
In a perplexing move that has left many scratching their heads, Elon Musk tweeted in December, “I will resign as CEO as soon as I find someone foolish enough to take the job.” This unexpected announcement came after a Twitter poll created by the billionaire himself, where millions of users demanded that he step down.
Fast forward to February, when Musk revealed in a conference that he planned to locate a CEO for Twitter based in San Francisco “probably toward the end of this year.” However, it appears that the stars have aligned in a way that defies predictability, as Musk has already found the right candidate for the job.
As news of this development hit the wire, the shares of Tesla surged approximately 2%, a burst of positive energy welcomed by the company’s shareholders. Concerns over Musk’s divided attention between the two entities have been at the forefront of discussions in recent times, and the appointment of a new CEO should offer some respite to those troubled minds.
Musk’s Legal Woes and His Resistance to CEO Status
In November of last year, the enigmatic Elon Musk found himself in a courtroom, embroiled in a legal tangle over his potentially $55 billion compensation plan as CEO of Tesla. The court, Delaware’s Court of Chancery, was tasked with examining how Musk divides his time among his various business ventures, including SpaceX and Twitter.
In his testimony, the unconventional CEO declared that he never harbored any desire to lead Tesla and wasn’t inclined to helm any other company, choosing to identify himself primarily as an engineer. Moreover, he predicted that a restructuring of Twitter’s organizational framework would be complete within a week’s time. Alas, nearly half a year has gone by, and the revamp remains pending.
Musk’s persistent refusal to be pinned down as a CEO has raised eyebrows among industry observers, but it’s a testament to his nonconformist spirit. The tech magnate continues to march to the beat of his drum, unperturbed by conventional norms and expectations.
Musk’s Chaotic Reign Over Twitter
In the annals of Twitter’s history, Musk’s stint as its CEO will go down as nothing short of tumultuous. His arrival at the helm was marked by a sweeping purge of the platform’s top executives and a staggering 80% of its workforce, sending shockwaves through the social media landscape.
Adding to the chaos, Musk launched a broadside against the verification system and dialed back measures to combat the spread of misinformation, exacerbating an already fraught environment.
Despite the drama, Musk never lost his penchant for sardonic wit. In a series of exchanges with his Twitter followers, he quipped that no sane person would want the job of leading a company hurtling toward bankruptcy at breakneck speed, suggesting that the position was akin to masochism.
With Musk’s trademark of unpredictable boldness, he has left a lasting impression on Twitter, for better or for worse.
Can finally announce: I am humbled, honored, and frankly still in shock to be the new CEO of @twitter. Though we haven't always seen eye to eye (Edgelord memes! Verification fiasco! The "sink" joke being the full extent of his business plan!) I am thrilled @elonmusk took a chan
— Bess Kalb (@bessbell) December 21, 2022