Tag: elon musk

The Need For Management Transition

There are quite a few lessons
learned
about the Elon Musk purchase
of Twitter.

One of the key lessons
is…

There should be a transition plan
for changes in management.

Musk fired the key leaders
before he knew
what the f*ck was happening
at Twitter.
He didn’t have that C-Suite’s knowledge base
or their experience.

This happens
more often than
many of us realize.
Buyers of companies
want to start fresh.
They want everything
to be new
immediately.

But starting fresh,
beginning anew
means new company revenue.

Sales are disrupted.
Customers or, in this case,
advertisers become nervous.
They decrease or stop
buying.

This decrease in revenue
is paired with
established company expenses
and expectations.

That combination
requires a lot of upfront cash.

The less expensive way
is to keep the established leadership
until the new leadership
knows the business.

Have a transition plan
for leadership.

How To Make Employees Quit

Billionaire alien
and overall horrible being
Elon Musk told his minions
to physically return
to the office of HIS choice
40 hours a week.

“Anyone who wishes to do
remote work
must be in the office
for a minimum
(and I mean *minimum*)
of 40 hours per week
or depart Tesla.
This is less than we ask
of factory workers.”

“If you don’t show up,
we will assume you have resigned.”

“Tesla has and will
create
and actually manufacture
the most exciting
and meaningful products
of any company on Earth.
This will not happen
by phoning it in.”

This threat,
worded as an insult,
is clearly
an attempt
to make employees quit,
to reduce headcount
without having to pay severance.

In some countries,
like Canada,
this would result in
huge
and costly lawsuits.

But the USA has very few
protections for workers.
And it is a viable
yet extremely unethical
tactic.

The best and the brightest employees
will leave.

The employees who are as unethical
as their leader
will likely sabotage the company
on the way out.

The employees who are left
will be bitter and unhappy.

I wouldn’t recommend
this tactic
for reducing headcount.

Great leaders
want to retain
their talented employees
and build loyalty.

The Importance Of Leadership

Elon Musk, alien extraordinaire,
bought a hefty share
of Twitter stocks
and forced his way
onto the board.

Many of us
who use Twitter
are horrified.
We know the rules
and the feeling of the site
will significantly change.

Because that is what happens
when there is new leadership.
The company changes
and often the product or service
changes with it.

THIS is why leadership
is important.
THIS is why determining
who can own a piece
of our companies
is important.

Think before
making changes
to ownership
and to leadership.