Hope you voted Snoop Dogg for Twitter CEO!!!. Now that the other main poll has noted that Musk should go (I do not support that as it would be a mistake), many contenders are out there competing for who will take care of the helpless blue bird. As Elon Musk reviews their resumes including Dogg’s who is certainly looking like a frontrunner (lol), I want to wish Musk good luck for this important UN-level assignment.
Seriously, I believe that only Musk has the capacity and owner-power to fix Twitter, if we expect the business to become financially valuable to shareholders. But to be a loss-making community square, there are many people who can run that business. Like the day the founder of Uber left, I noted that Uber will have lost years, not because the next CEO will not be great, but because he would be very cautious to pioneer new vistas which made Uber initially successful. In other words, Uber going forward would be boring!
Yes, the fact is that some decisions in companies undergoing massive changes are better done by founders, or owners, as they can make tough decisions and get away with them. Like today’s Meta (Facebook parent), only Mark Zuckerberg can get many things fixed because everyone will get the message that he founded this business. The same applies to Twitter; here, the owner holds the ace. Someone has to be annoyed that Twitter is not making money, and make tough decisions to get it back to flying as a healthy bird.
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Snoop Dogg can sing for this bird but he certainly cannot take care of it; Musk, you may have a Member of Board here. He can help turn that place into a haven for y’all- let’s party.
One poll and many things could be on the line: “On Sunday, Twitter CEO Elon Musk conducted a poll asking Twitter users if they want him to continue running the social media platform. Majority of responders (57.5%) voted for him to step down.” Since Elon Musk began the voyage and ended up bailing out Twitter shareholders with $44 billion, his popular company, Tesla, has lost close to $700 billion on the market cap.
Of course Musk can get out of this poll and redo it with the Blue checkers: “Twitter Inc. will restrict voting on major policy decisions to paying Twitter Blue subscribers, company owner Elon Musk said in one of his first tweets following a poll calling for him to step down. Responding to a Blue member going by the name Unfiltered Boss, Musk agreed with the suggestion that only subscribers should have a voice in future policy and said, “Twitter will make that change.” A day earlier, the billionaire chief pledged to submit all future policy decisions to a vote and offered Twitter users a choice on leadership, asking them if he should step down.”
Comment on Feed
Comment 1: I wonder what motivated Musk in the first place to risk asking if people would want him to be the CEO of Twitter or not. In this crazy world, people are looking for bosses that are more friendly even when the company is collapsing rather than someone who can grow the empire irrespective of what it takes because their only stake is just to use what is available.
Musk must remember that this business was acquired with billions of dollars and if it goes under, he will always take the blame and not the people. In my opinion, I would ask him to reconsider his position and do what’s best for the company except he has KPIs that will flush out any non-performing CEO.
My Response: Good point indeed. He is toying with $billions as though the world does not have needs. I mean, that is more than what Nigeria spends in a year for 220 million people. I hope he stays so that we can have things to write about! Yes, if he goes, Twitter will begin to die. Who really writes about Uber these days? You like founders and owners as they bring attitudes.
Comment 2: Prof… I agree, even though I have found it difficult to convince my friends, that Musk is the man to fix Twitter. It is a mistake to sentimentally vote him out.
Comment 3: Haba which way are you leaning, sir? Yesterday, you were in support of Musk stepping down as CEO because he was hurting Tesla, you even cited the case of the Google founders.
My Response: Read that piece well. I did not say he should step down. Musk can run Twitter without being visible…like the Google founders. My point is this: if you want to run a consumer business, you do not need to become a visible target. That is not to say he should step down.
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Crowds don’t improve quality of decisions, because efficiency is not for the crowd. It’s why democracy will always struggle to deliver efficiently, many of those voting don’t even know the traits required to keep an entity afloat.