Tesla has stakeholders; shareholders, investors, employees, business partners, suppliers and customers and none of them are being served by the continued problems at Tesla.
BOILER-PIPE: I’m a board vet writing about corporate governance & business trends Share to facebook Share to linkedin Getty You’ve seen the antics on Twitter and late night radio and you wrote it off as an eccentric genius CEO. But unfortunately, it isn’t getting any better and Tesla isn’t Elon Musk’s personal hobby, it’s a public company. It’s time for the board to take firm action and build a stronger leadership bench and have opportunity should they need a succession plan.
Granted, I do feel that bringing in millennials at all levels of a company is a requirement for future success, at this point for Tesla, some experience, pattern recognition and scar tissue earned in previous roles is what is needed in the CFO position. Wall Street agreed with me, as Tesla shares fell more than 2% coinciding with earning results and the CFO announcement.
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