A New York federal judge gave billionaire Elon Musk and the United States Securities and Exchange Commission (SEC) two weeks to settle a dispute over how much he can reveal in his tweets.
The SEC charged Musk with securities fraud last September over a tweet saying the Tesla co-founder had secured funding to privatize the electric automaker at $420 (€374) a share, causing a brief spike in the company’s share price. Musk and the SEC laterreached a settlement that saw him step down as chairman, though he remains the company’s chief executive.
The SEC says Musk blatantly violated the settlement in February when he tweeted about Tesla’s vehicle production without approval. Mus said the tweet did not need preapproval because it wasn’t new information that would be meaningful for investors and accused the SEC of violating his freedom of speech.
Read more: Wooing Tesla: Eastern Germans vie for Elon Musk’s attention
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You don’t have to be a psycho to be CEO
Linus Torvalds — foul-mouthed programmer
“Please just kill yourself now. The world will be a better place.” Emails such as this were common at Linus Torvalds’s company, Linux. Torvalds posted thousands of messages targeting programmers at his computer-operating-system kernel, which runs the computers of Google, PayPal and Amazon. Over a thousand of the 21,000 emails he sent in a four-year period used the word “crap.”
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You don’t have to be a psycho to be CEO
Harvey Weinstein — the monsters’ monster
Weinstein’s rage was legendary in Hollywood. He reportedly once got a journalist in a headlock. He was described in a “New York Magazine” profile as “unbelievably hard on staff.” The once-powerful movie titan has been accused by dozens of women of sexual misconduct ranging from harassment to rape. He has pleaded not guilty to six counts.
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You don’t have to be a psycho to be CEO
Larry Ellison — a modern-day Genghis Khan
Niccolo Machiavelli wrote “It is better to be feared than loved since people love at their own pleasure, but fear at the pleasure of the prince.” Oracle CEO and founder Larry Ellison may have taken this a little too much to heart. Karen Southwick in her 2003 Ellison biography said he is “like a modern-day Genghis Khan who has elevated ruthlessness in business to a carefully cultivated art form.”
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You don’t have to be a psycho to be CEO
Mark Pincus — not all fun and games
“I went out of my way to tell people they were stupid if I thought they were,” Mark Pincus said in 2010. Zynga has been described as having a culture where Pincus obsessively tracked analytics for all his staff, set crazy deadlines and pushed his employees to meet them. Analyst Michael Pachter described the ex-CEO as being “driven to the point of a madman.”
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You don’t have to be a psycho to be CEO
Andy Grove — paranoia can annoya
“Business success contains the seeds of its own destruction. Success breeds complacency. Complacency breeds failure. Only the paranoid survive.” This according to Andy Grove. The co-founder of Intel, Grove was said to be aggressive and paranoid. One of his books was in fact entitled “Only the Paranoid Survive.” He was named one of America’s toughest bosses by “Fortune” in 1984.
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You don’t have to be a psycho to be CEO
Rupert Murdoch — ‘the dirty digger’
Rupert Murdoch has had a long career in being, well, a bit of a jerk. But rude to aristocrats and workmen alike, the Australian-American media tycoon dished out his contempt across the board … And still does at the age of 87. Some things never change.
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You don’t have to be a psycho to be CEO
Marissa Mayer — Yahoo’s geek goddess
The former CEO of Yahoo, Marissa Mayer was said to be brusque and have adopted a micromanaging style. She is one of the few women in the Rogues Gallery, but her style speaks to a world where male domination is ubiquitous. Mayer’s assumption that her employees would be more productive if prohibited from working from home was one of the reasons her early popularity took a nosedive.
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You don’t have to be a psycho to be CEO
Martha Stewart — butter melting in her mouth
Martha Stewart is reported to be a very intimidating boss and not a big one on giving up control — pushing out two different CEOs, Susan Lyneand and Wenda Millard, within a year. A Merrill Lynch broker’s assistant said she was particularly rude when he worked on her case for insider trading.
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You don’t have to be a psycho to be CEO
Jamie Dimon — a blunt banker
The chairman and chief executive of JP Morgan Chase, Jamie Dimon, was involved in every aspect of his bank’s business and reportedly interrogated subordinates for hours. A “New York Times” profile describes him as extremely blunt and as a “famously bad listener.”
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You don’t have to be a psycho to be CEO
Elon Musk — give me space, man!
Shares of the electric carmaker Tesla fell sharply after CEO Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children this year. His weed-smoking antics and general eccentricity have added to concerns about his mental well-being.
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At a contempt-of-court hearing in Manhattan, US District Judge Alison Nathan said if they can’t resolve their differences over what Musk can and cannot tweet after two weeks, she’d rule. She also said court-supervised agreements must be obeyed.
“I don’t care if you are a small potato or a big fish,” Nathan said.
dv/rt (AP, Reuters)
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Article source: https://www.dw.com/en/judge-urges-elon-musk-sec-to-resolve-tweet-dispute/a-48208003?maca=en-rss-en-all-1573-rdf