James Murdoch In Line To Replace Demoted Elon Musk As Tesla's Chairman

Submitted by: trimble 2 months ago in News & Politics


An excerpt from Reuters: Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions.

Tesla and Musk reached a settlement with U.S. Securities and Exchange regulators last month in which they agreed to pay $20 million each to financial regulators and that the billionaire would step down as chairman but remain as CEO.

Murdoch, who is a non-executive director of Tesla, had signaled he wants the job, the report said.

The son of Fox mogul Rupert Murdoch, he joined Tesla’s board last year after years of work with media companies. He has never led a company which makes cars or electric vehicles.
There are 5 comments:
6,944
It's too bad they can't Tesla's  founder Martin Eberhard back
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Male 18,342
Has anyone noticed how in that picture he looks like John Malkovich playing a villain?
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Male 18,342
Republicans don't drive Teslas and Democrats don't want anything to do with the Murdochs.
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Male 5,281
Draculya I thought it was pretty ironic. Yesterday Musk tweeted something like "not true that he is the leading candidate" but we'll see. Rich birds of a feather...
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