The CEO of Tesla and SpaceX offered to buy every share he did not own in Twitter, or 90.8% of the company, in a deal worth regarding $43 billion.
The deal will add one of the largest companies in the world to Musk’s ownership portfolio; As Tesla and SpaceX are already two companies with a market value of $1 trillion for Tesla, and regarding $100 billion for SpaceX, Musk also owns the private tunnel and infrastructure company The Boring Company, and the neurotech company Neuralink.
Before Musk, Carlos Ghosn had tried to get this done when he was chairman of Nissan and Renault and chairman of AvtoVaz and Mitsubishi. Ghosn has already held senior positions in all four companies for a while, managing three of them in 2018 when he was arrested in Japan over allegations of financial misconduct, according to the Emirati “Gulf”.
In 2014, Ghosn told LinkedIn’s vice president and editor-in-chief in an interview that the key to his ability to run several companies at once was to avoid multitasking. At the time, he said he was scheduling his schedule over a year in advance, and that the country in which he resided would determine which company he would focus on.
Musk’s approach may be a little different. At SXSW in 2018, Musk said he divides his time effectively between his various projects by assigning highly qualified teams and allocating their responsibilities appropriately. In this way, he said, “I spend almost the majority of my time on engineering and design.”
This may sound familiar to Twitter; Jack Dorsey served as CEO of both Twitter and his payments startup Square, from October 2015 to November 2021. Dorsey reportedly had his own time management strategy; Every week he would make time to meet with the leaders and employees of the company.
“I like to have a routine in my schedule, and that allows me to see growth on a regular basis, rather than randomly,” Dorsey told Fast Company in 2016.
