Elon Musk wasn’t invited, despite what he says

Forum members pay between 120,000 and 850,000 Swiss francs (186,000 to 1.3 million US dollars) for an annual membership, depending on the desired membership level.

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Many executives flock to Davos to ride the meeting’s coattails and associate with corporate executives who flock to the city, sometimes firing at the forum from the sidelines. For example, Richard Branson, the British tycoon behind Virgin, is said to have come to town on several occasions without attending the meeting itself.

Musk might be a bit busy messing with the powers that be in snowy Switzerland anyway.

While still dealing with the aftermath of last year’s $44 billion ($63 billion) purchase of Twitter, Musk is on trial over his tweet about Tesla’s privatization in 2018.

Jury selection begins this week and he must explain his actions under oath in court in San Francisco after tweeting that he arranged financing for a $72 billion takeover of the electric-car maker that never happened . It culminated in a $40 million settlement with US securities regulators that also forced him to step down as chairman of the company.

He also plans to step down as CEO but retain ownership of Twitter, which he successfully privatized last summer but alienated some users and advertisers with messy job cuts and changes to content moderation policies.

AP

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https://www.smh.com.au/business/companies/davos-organisers-elon-musk-wasn-t-invited-despite-what-he-says-20230118-p5cdbv.html?ref=rss&utm_medium=rss&utm_source=rss_business Elon Musk wasn’t invited, despite what he says

Brian Lowry

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