Tucker Carlson and Fox News have parted ways: “We thank him for his service to the network as a host and prior to that as a contributor,” Fox News said in a statement. This comes one week after Fox News settled a gigantic defamation lawsuit with Dominion Voting Systems for $787.5 million. Dominion had accused the company for damaging its brand with alleged dissemination of election lies on Biden’s victory over Trump.
Lesson: in the mission of firms, companies are created to fix market frictions. We The People are just one of the factors of production (here, labour) to enable the creation of those products and services, required to fix frictions in customers’ lives. And in that process, we can become dominant and very catalytic in that firm’s process. Many bad things do happen when illusions set it.
But remember one thing: if you want that firm to live long, all the factors of production become dispensable and replaceable, as necessary. Here, Fox News is talking of money, and will likely clean house to avoid a repeat of that $787.5 million-fee show. Do not blame it because the Igbo Nation has this saying, “it takes the killing of one tiger to be called a killer of tigers”. One show, that is it. If fines become part of the business, the mission could be lost! Spare none to get back to what matters: keeping more of what you earn, instead of paying fines.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Comment on Feed
Comment 1: It is essential for companies to remember that they are created to fix market frictions and provide products and services that improve customers’ lives. All factors of production, including labor, are dispensable and replaceable as necessary to achieve this mission.
The recent settlement of the defamation lawsuit with Dominion Voting Systems is a reminder of the potential consequences of deviating from the company’s mission. If fines and legal battles become part of the business, the mission could be lost. Therefore, it is crucial for companies to prioritize their mission and avoid damaging their brand or reputation.
---
Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
But Tucker is Fox News’ biggest star, by miles, a very brilliant guy, though not everyone can easily grasp his thought processes, but he’s a cut above almost every presenter in the media world, Tucker thinks in diverse ways with so much ease, he’s highly gifted.
Sometimes either over excitement or wanting to prove what doesn’t need proving, people say things that are indefensible, one of those human inadequacies.
Fox News without Tucker Carlson will not be the same, but it is what it is.