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Elon Musk defends his ‘technoking’ stance and says he’ll appoint a new Twitter CEO

Elon Musk testifies at the compensation trial. | Font: AFP | Photographer: OLIVER CONTRERAS

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Elon Musk He has indicated that he does not want to be the CEO of any company he founded or bought over the years.

At a hearing in a case that suffered a compensation package of Tesla, Musk He noted that “Frankly, I don’t want to be the CEO of any company.”

He will look for a replacement

The purpose of the trial is to determine whether the board of directors Tesla acted properly in approving the payment package for Elon Musk which is now worth about $52 billion at recent stock prices, and whether the mogul had any undue influence in that decision.

In his statements, he noted that “he was not drunk when he called himself Tesla’s ‘technoking’ in 2021, albeit with some hesitation at the time of the question.

He says his position is not like that of a traditional leader.

“AT SpaceXI’m actually in charge of missile design and Tesla technologies in the car that make it successful,” he said. “So the CEO is often seen as a business oriented role, but really my role is much more like an engineer who develops technologies and makes sure that we develop innovative technologies and that we have a team of incredible engineers that they can reach. these goals.”

He also confirmed that he did not intend to remain CEO Twitter forever and ever. “I hope to shorten my time in Twitter and find someone else to manage it over time,” he said.

Defended from accusations

Investors expressed concern about the possibility Musk multitasking and is the billionaire taking on too much to legitimately run as many companies as he does.

Elon Musk he testified that he spends most of his time “where the crisis is”.

When asked how he spent his time in 2017 while the pay package was being prepared, Musk said he divided his time between Tesla D spacex, spending less time on their tunnel and brain chips.

We recommend METADATA, the RPP technology podcast. News, analytics, reviews, recommendations and everything you need to know about the tech world.

Source: RPP

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