Elon Musk Buys a 9.2% Stake in Twitter

Elon is raising the ante. Challenging the team to intentionally embrace a course of action indicating commitment. He is taking this to 11.

image

CNN reports on this, and quite frankly, it’s extreme, but I don’t know he’s wrong to take this path.

My take is there has to be an outsized incentive on the other side of that link to make it work, human nature being what it is.

8 Likes

While I am sure there are slackers and inefficient employees at Twitter, the “click thing” does not seem to address this issue, becase:

  1. those who can leave, will leave (with severance); and
  2. those who can not, will stick around (while looking for exits)

Does not seems like a viable employment strategy.

Watching with real interest how this will end up.

3 Likes

As far as Twitter goes, this is only Phase 2 – Phase 1 having been firing 50% of the staff. Phase 2 will drive out some of the internal bureaucrats who dream of doing to Musk what the Deep State bureaucrats did to President Trump. And then we come to Phase 3 – remaining staff will be required to relocate to somewhere in Texas (probably not Austin) or accept a less attractive package. That will clear out the rest of Twitter’s deadwood.

Back at the dawn of time, I worked for a company based in San Francisco. Eventually, reality forced a transfer out of California. It was amazing how many people refused to transfer. Many San Francisco residents seem to be like Londoners or Parisians – just cannot imagine human life being possible outside their city. But those are probably not the people Musk wants to keep.

7 Likes

https://twitter.com/TheBabylonBee/status/1505288002746175494

2 Likes

Free speech absolutist?

Musk’s Twitter will keep ban on Alex Jones. “Trump decision has not yet been made.”

3 Likes

twitter_trump_2022-11-20

4 Likes

Trump’s Twitter account has been restored.

What will he do with it ???

1 Like

Promote his Truth Social account.

3 Likes

twitter_2022-11-21

9 Likes

image
image

However:
image

5 Likes

First glimpses of sanity from Twitter/Musk (paywall, but reading-mode+refresh works):

  • Twitter CEO and billionaire Elon Musk directly oversees its engineering department.
    
  • Everyone doing technical work is now expected to send a weekly update on what they've accomplished. 
    
  • This will help Twitter "innovate rapidly on software," according to a leaked email.
    

Twitter’s remaining employees are now expected to keep its CEO Elon Musk up to date on everything they work on each week.

“In order to innovate rapidly on software, it is critical to understand what everyone is working on and who is coding what,” the email said. It was signed by Twitter Engineering, a department Musk himself is leading.

Presented as sensational, but this appears to be normal part of operating any engineering company or department. Surprising if Twitter engineers did not do this in the past. Even if not requested, one should write weekly reports for himself just for record keeping (eg for updating the resume in the future)

8 Likes

Full copy of the new expense policy email at the bottom:

Redundant, but with a few other details:

Looks like not more “hardcore” nonsense, just reasonable policy changes being rolled out.

3 Likes

https://www.washingtonpost.com/technology/2022/11/27/musk-followers-bernie-cruz/

5 Likes

Here is a counterpoint to the “hardcore” angle

4 Likes

I always am skeptical when the knives come out. Especially when it involves national politics.

The first question that comes to my mind is how did this person get selected. In this case, I wonder how hard it would be for me to get noticed if I were to write something similar about my former (as of today) employer. Highly unlikely unless someone that is looking for just such a story finds me somehow.

Then early on he writes

“hadn’t confronted the impediments to success that many people face—until I started at SpaceX. But as we move into this new era of wealthy industrialists taking the helm of the largest tech firms”

This language is leftist language. I nearly stopped right there. But I read the whole thing. It could be legit or it could be a guy that has a little too high of an opinion of his own value.

3 Likes

Agree and had the same reaction. But it’s an interesting perspective - if true. I had not heard about this website until now, so it could very well be part of an aggressive PR campaign. Woul;dn’t be the first time (or the last time).

Another tell is the “frat bro” reference. Being somewhat familiar with this guy’s field, his story sounds credible in terms of detail. It’s also possible (likely?) that the ageism angle came out on advice of counsel once he realized that there may be money on the table.

From a business management perspective, the notion that you would want your older star player that single-handedly built a critical area of competence to transition some of his responsibilities and mentor younger engineers strikes me as eminently prudent and reasonable.

4 Likes

From a business management perspective, the notion that you would want your older star player that single-handedly built a critical area of competence to transition some of his responsibilities and mentor younger engineers strikes me as eminently prudent and reasonable.

Yes, but there are different ways to do that:

  1. Promote the guy, keep his ownership of the area and assign the junior engineers to him
  2. Shadow him, gradually strip him of the ownership and eventually assign him under one of the shadows or fire

There is a lot of pep talk among HR and business “leaders” about how important is for the employees to have the sense of ownership, but when it really comes to it, some simply chicken out.

There is probably more to the story, but on the surface, (2) seems dishonest to me.

5 Likes

Awesome comments on ex-SpaceX engineer article above.

Intense creative destruction by bright individuals is going on at SpaceX, so the occasional rant is not surprising.

However expect much more as long as Musk is fighting for free speech at Twitter.

5 Likes

You can see here the petition filed in this case.

1 Like