Why Did Twitter Want Tesla CEO Elon Musk On Its Board?
Elon Musk isn’t joining the Twitter Board. The Tesla CEO was slated to join the micro-blogging site on 9 April Saturday but he informed Twitter the same morning that he won’t join, said Twitter CEO Parag Agrawal.
• Tesla CEO Elon Musk had many discussions with Twitter over joining its board
• Elon Musk informed the company about his decision not to join the Twitter board on the day of joining
• The micro-blogging site was excited about his entry after his recent tweets
• Elon Musk toyed with radical ideas like converting Twitter headquarters into a shelter home
Why Was Twitter Bringing Elon Musk To Its Board?
According to the company it considered Elon Musk as a fiduciary of the company and expected him to add value to it with his ideas of radical change. Twitter CEO Parag Agrawal formally informed its shareholders about Elon Musk joining the board on April 5 but the Tesla CEO decided not to join the board and remain a shareholder. It is to be noted that Elon Musk is the biggest shareholder in Twitter.
After the Elon Musk incident, Twitter CEO Parag Agrawal said that there would be distractions ahead but their goals and priorities remained unchanged. Parag Agrawal further maintained that the decisions they make and how they execute them were in their hands, no one else’s. He called his team to tune out the noise and stay focused on the work.
What Were The Ideas Of Radical Changes Promoted By Elon Musk?
Elon Musk started a poll for turning the San Francisco headquarters of Twitter into a shelter for the homeless. He also suggested a ban on Twitter ads as it could give big corporations the power to dictate terms. Parag Agrawal welcomed his decision not to join the board saying that was for the best.