Monday, 12 November, 2018

Musk denies report James Murdoch poised to be Tesla chairperson

Wanted at Tesla: A manager who can handle Elon Musk James Murdoch 'favourite for Tesla post' | Business
Russell Knight | 13 October, 2018, 10:31

James Murdoch, who will soon be stepping down as chief executive of 21st Century Fox, is the favorite to succeed Elon Musk as chairman of the board for Tesla.

James Murdoch could become the next head of Tesla's board of directors. He has no experience in manufacturing and has never led a company that makes cars or electric vehicles. Tesla did not respond to a request for comment.

Earlier this year, leading US proxy advisers Glass Lewis & Co and Institutional Shareholder Services, and union-affiliated investment adviser CtW Investment Group, had recommended investors cast votes "against" James Murdoch as a Tesla director at the company's annual meeting held on June 5. Glass Lewis specifically warned that Murdoch already serves on too many boards, if he is chosen to succeed Musk there may be some board members unhappy with the decision.

Murdoch now serves on the boards of Twenty-First Century Fox and News Corp. He also stepped down as chairman of Sky after its takeover by Comcast.

"The Tesla chairman job is ideal for James", one source told the FT.

Senate deal that allows lawmakers leave DC to campaign
Hirono said she was not concerned about a backlash from Democratic voters if the deal appears favorable to Republicans. Nearly immediately after the Senate vote, Democrats felt the chill from faraway North Dakota .

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Given the Nest Hello Doorbell isn't yet on-sale in Australia we'll have to wait a little while longer to see the benefits of this. The cameras of other phones are not able to recognize the scenes and takes the worst picture even than the normal mode.

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The SEC said it weighed the seriousness of the alleged violations and their impact on the market against the willingness of Tesla and Musk to settle and their lack of financial gain from the conduct, according to the filing.

According to the FT report, external options were still being considered.

Murdoch will not join his father, Rupert Murdoch, and his brother Lachlan at "New Fox" - the entity remaining after 21CF's sale of assets to Disney is completed.

He posted jokingly that he had been "found passed out against a Tesla Model 3, surrounded by "Teslaquila" bottles". Also notable in the filing is that Tesla appears to have actually registered a trademark for "Teslaquila" before, though the company applied for it in Jamaica back in April. What shareholders want, of course, is someone who can put Tesla on the path to profitability and also manage Musk, whose tweets about having secured the funding and investor support to take the company private was what got him into hot water with the SEC - and who, not incidentally, was busy on Twitter last week taunting the agency. The parties settled shortly after.

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