Musk says he will remain Twitter CEO until a successor is found

SAN FRANCISCO – Elon Musk said Tuesday that he plans to stay on as CEO of Twitter until he finds someone willing to replace him in the job.

Musk’s announcement came after millions of Twitter users asked him to step down in an unscientific poll the billionaire created himself and promised to abide by. “I will step down as CEO as soon as I find someone stupid enough to do the job!” Musk tweeted. “After that, I’ll just lead the software and server teams.”

Since acquiring San Francisco-based Twitter in late October, Musk’s run as CEO has been marked by quickly enacted rules and policies, often withdrawn or amended shortly after their release. He has also alienated some investors in his electric vehicle company Tesla, who are concerned that Twitter is taking too much of his attention.

Some of his actions have unsettled Twitter advertisers and turned users off. These include laying off half of Twitter’s workforce, firing contract moderators and dissolving a council of trust and safety advisers.

Musk, who also runs rocket company SpaceX, has previously acknowledged how difficult it will be to find someone to take over as Twitter CEO.

Joking with Twitter followers on Sunday, he said the person replacing him “has to like a lot of pain” to run a company he said is “on the fast track to bankruptcy.”

“No one wants the job that can actually keep Twitter alive. There is no successor,” Musk tweeted.

From today’s perspective, Musk would still retain overwhelming influence over the platform as the owner. Shortly after assuming control, he also fired the company’s board of directors.

Musk was questioned in court last month about how he splits his time between his electric vehicle company Tesla and rocket company SpaceX and Twitter.

Musk said he never wants to be CEO of a company, preferring to see himself as an engineer.

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https://www.local10.com/business/2022/12/21/musk-says-hell-be-twitter-ceo-until-a-replacement-is-found/ Musk says he will remain Twitter CEO until a successor is found

Sarah Y. Kim

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