He really needs to find a COO. He needs his Tim Cook. This is a good way to show shareholders he's all in, but he's not a genius at Operations, he needs to find someone who is.
Not a bad idea. Elon Musk has Gwynne Shotwell as president at SpaceX and has been really effective at focusing SpaceX on effectively focusing and executing on Falcon 9.
SpaceX effectively has two strong leaders, not just Musk. Musk would be lucky to strike gold twice and find another leader as great (and as complementary) as Gwynne to help run Tesla.
Fun bit: Mr. Musk does not take a salary, although under California State law, Tesla is required to pay him at least minimum wage. Tesla sends him checks that pay him a little more than $37,000 annually.
This plan is roughly isomorphic to option compensation. It has a serious incentive compatibility problem: the value of the options increases with volatility/risk, so incentivizes unnecessary, and even negative expectation, risk taking. Maybe Musk has a big enough stake in Tesla to mitigate this effect, but it's definitely not a risk free approach for minority shareholders.
[+] [-] afinlayson|8 years ago|reply
[+] [-] loceng|8 years ago|reply
[+] [-] Robotbeat|8 years ago|reply
SpaceX effectively has two strong leaders, not just Musk. Musk would be lucky to strike gold twice and find another leader as great (and as complementary) as Gwynne to help run Tesla.
[+] [-] sytelus|8 years ago|reply
A first minimum wage CEO of a public company?
[+] [-] craftyguy|8 years ago|reply
[+] [-] secabeen|8 years ago|reply
[+] [-] voidmain|8 years ago|reply
[+] [-] Robotbeat|8 years ago|reply