As Elon Musk Changes Mind On Twitter Board, Whiplash For Staff On Day Off
NDTV
Elon Musk Leaves Twitter Board: Elon Musk, the billionaire who disclosed this month he'd become the largest individual Twitter shareholder, backed away from a plan to join the company's board over the weekend.
Twitter Inc. employees were scheduled to have Monday off, for the company's monthly "day of rest." But Elon Musk made it hard not to think about work.
Musk, the billionaire who disclosed this month he'd become the largest individual Twitter shareholder, backed away from a plan to join the company's board over the weekend. Days earlier, Chief Executive Officer Parag Agrawal had laid the groundwork for a friendly relationship by inviting Musk to join the board. The company was so confident he'd accept that it listed Musk as a board member on its investor relations website. Mr Agrawal also organized a question-and-answer session with Musk and employees this week.
For some employees, the reversal signaled chaos: Musk was going to keep tweeting his critiques of Twitter to more than 80 million followers on the site, without any requirement to act in the best interests of the company. The Q&A was canceled.
In his announcement late Sunday, Mr Agrawal framed Musk's surprise decision as good for Twitter, but warned of "distractions ahead."
