Sunday, February 04, 2024

Concerning

Not good timing given his recent court judgment, as lack of true Board independence was the key issue.
The volume of drug use by Musk and with board members has become concerning, some of these people said.

In the culture Musk has created around him, some friends, including directors, feel there is an expectation to consume drugs with him because they think refraining could upset the billionaire, who has made them a lot of money, some of the people said. More so, they don’t want to risk losing the social capital that comes from being close to Musk, which for some feels akin to having proximity to a king.
This type of Kreminology is above my pay grade, but "[some] Board members desperately trying to push Musk out" seems like the obvious explanation.

Everybody knows Tesla stock stays high because of retail dipshits enamored with Phony Stark - and the institutional investors betting on their dipshittery continuing - but it's quite possible some board members, in addition to being sick of Elmo's shit and worried for personal liability, understand that the coyote stays in the air until he doesn't.