Elon Musk’s Fiefdom Will Not Survive The Scrutiny – by Global Slant
HEADLINE:
Corporate In-Breeding and Board Cronyism At
Tesla/TSLA + Space X + Solar City/SCTY = SO BAD
MEMO:
1. Musk = De Facto Leader/Substantial Owner of 3 Disparate Companies
2. Basic Financial Strategy = Pivots Around Government Subsidies
3. Boards of Directors & Associated Company Overlap = Unsavory
4. SCTY = Huge Financial Struggle = Serial Cash Burner
5. Space X Acquired Large Amount of SCTY Debt = Self Dealing
6. TSLA > SCTY: Benefitting SCTY + Space X= More Self Dealing
CONCLUSION:
NO REGARD FOR ACUTE CORPORATE GOVERNANCE =
VENTURE CAPITAL GOVERNING MODEL FOR PUBLICLY TRADED COMPANIES.
THE COLLECTIVE AUDACITY OF THESE FINANCIAL/GOVERNANCE MANEUVERS = ENTITLED/STUNNING/SLOPPY.
