Elon Musk tweeted the following (posting here in order to revisit at some later point):
Forgot to say one thing at Tesla annual shareholders meeting: just as my money was the first in, it will be the last out.
— Elon Musk (@elonmusk) June 5, 2013
I respect and admire CEOs and other executives who eat their own cooking, and align their incentives with shareholders’ interests. They are to be applauded and encouraged. America needs more executives like this… as the majority seem to enrichment themselves, at the expense of shareholders (a tale for another time).
That said, I can’t help wonder if Musk is unnecessarily putting himself in a corner, and risking the appearance (or actuality) of uber-hubris. Why proclaim such to the world? Just do the right things, and people will notice.
just ask Bill Ackman what the appearance of hubris does, and what putting oneself in a corner looks like. People react. It’s one thing if Tesla or Elon Musk were in need of attention…which they don’t. In fact, I can’t think of a company as widely followed by fans and critics alike, as Tesla is. People will notice (and reward) good corporate governance and management integrity. Promotion, hubris, and hype… well, we shall see how people react to these things.
Few Additional Observations:
- ”I’m not dating Cameron Diaz” – Elon Musk
- There was a Google Finance error which at one point displayed SolarCity (“SCTY”) having a trillion $ market cap. Musk tweeted about that, with (what appeared to be) gusto.
By: thelongshorttrader
