Elon Musk is destroying Twitter and Twitter is destroying Elon Musk ’s lifespan and fortune . Now that the man himself has publically agreed to switch horses midstream , who will be the next chief executive officer of Twitter ?
“ I will resign as CEO as before long as I receive someone foolish enough to take the caper , ” Musk tweeted on Tuesday . “ After that , I will just flow the software and servers teams . ” The confirmation came more than a daylight after the Tesla CEO execute a Twitterpollasking if substance abuser want him to step down . Of the respondents , 57.5 % tell he should hit the route .
Now Twitter is in a much bad position than before . In its last pay report as a public company , it posted a loss of$270 million . As part of financing the leverage , Musk has impart significant debt to the residue mainsheet along with$1.5 billiona year in interest payments .
Photo: Win McNamee (Getty Images)
But the troubles at Tesla are likely a bigger concern for Musk . More than half of the troupe ’s line note value has been wiped out since Musk first provide to buy Twitter . Its value has hit a two - twelvemonth low . And on Monday , Wall Street analysts at the stiff Oppenheimer & Codowngraded Tesla ’s fund , say :
We believe ban journalist without consistent defensible standards or clear communicating in an surroundings where many people consider free voice communication is at hazard is too much for a majority of consumers to continue bear Mr. Musk / TSLA , particularly the great unwashed ideologically aligned with climate change palliation .
Executives who are threadbare of listening to their stave ’s concerns may need to follow Elon burn off it down as a case written report , but that does n’t mean they want to take part in the exercise . They ’d much rather see if he makes it out live first . So yeah , Musk is move to have a tough fourth dimension observe a qualified person to take over as CEO who is simultaneously uncoerced to carry out the big gaffer ’s whims and take the public repercussion for the chaos they inevitably produce .
Who will take this incubus job ? We have some guesses . They ’re probably all wrong , but we ’re skirt our bets by picking someone as well as the category of CEO candidate that they fall into . If our specific picks hang short , we ’re confident that someone like them will be opt or at least take . Click through to read the wild speculation and if you ’re really on this tilt turn around and run while you’re able to .
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