How Quickly Would Elon Musk Have Been Fired If He Worked in the Private Sector?

https://reddthat.com/post/37684013

How Quickly Would Elon Musk Have Been Fired If He Worked in the Private Sector? - Reddthat

> That seems like a good question to pose about the person who is leading up the “Department” of Government Efficiency (DOGE). After all, it would be reasonable to expect that a government agency committed to increasing efficiency in government would go about its work in an efficient manner. It would be pretty hard to make that case about DOGE.

It will happen, his board if directors will be forced to fire him. It’s nearly inevitable at this point.

The CEO and all board members of ANY corporation are legally obligated to maximize profits for the shareholders, and if they fail at that, the shareholders can, and will, sue the company, as well as the board members individually. They have a personal financial stake in keeping him in line, and working to grow the company.

Instead, they allowed him to partner up with the loudest anti-ev voice on the planet, then run around for months behaving like a narcissistic toddler with a chain-saw, tanking the company’s global reputation, to the point where nobody is buying Teslas, people are unloading them as fast as they can, and protesters are vandalizing amd destroying them.

All of it was easily predictable, and the CEO is supposed to be an unparalled genius, so he defintely should have been able to predict the results of his unhinged behavior.

There WILL be a shareholder lawsuit at some point, I’m sure law firms are looking into it already. The board will almost certainly have to fire him in order to be able to defend themselves from charges of negligence for letting him run wild and destroy the company image.

The CEO and all board members of ANY corporation are legally obligated to maximize profits for the shareholders

No they are not. It depends entirely on the corporate charter, though most are set up that way. Additionally, there are non-profit and not-for-profit corporations.