James lost the contest for control of Fox to his older brother Lachlan, and the latter's politics are reportedly close to their father's. In other words, expect Fox to stay the ideological course.
About until electric car companies become incumbent, rent-seeking, humanity-sucking corporations that thrive off propaganda, subsidies, and bribes to stay afloat. Then they will be on board.
From the article: The son of Fox mogul Rupert Murdoch, he joined Tesla’s board in July 2017 after years of work with media companies. He has no experience in manufacturing and has never led a company that makes cars or electric vehicles.
What exactly does this guy bring to the table for Tesla? Money? Connections?
Ya I honestly have no idea of what every individual in their family has achieved but I guess James is up to bat for Tesla, I hope he can make some positive reforms in the work culture as well as keep working to increase the market share of electric cars
James Murdoch has been on the board for a while and is very good friends with Elon Musk. So this brings a sympathetic chairman who isn't going to crack down on Musk's erratic behaviour.
This goes completely against the intent of the SEC agreement and I would not expect this to be the end of it.
Weren't the same mostly applying to Musk? SpaceX certainly counts more for manufacturing, but in case of cars it's quite a different thing I would imagine.
That's not how boards generally work. They're there for corporate governance and, in this case, to make sure the company is hiring the right people experienced in manufacturing and EVs...
As an example, here is the board of directors for General Motors:
- Ex-managers of defense companies. They build machines too, right.
- Ex-joint chiefs of staff and business school head. They know management.
- Insurance and such. GM has a large workforce and managing that a good portion of activity.
Newscorp is a large organization too, but it seems more different from Tesla than the US Army, Cummins or even an insurance company is different than GM. So on it's face, it seems like the board knows something about manufacturing and managing large organizations. With Jame Murdock, it seems likes you could say "know something about spin", which might not be comforting.
IMO it's all about the connections. Defense people are probably very well connected in Washington.
The Murdochs are scum, but hey, if you're a world leader and Rupert Murdoch calls, you pick up the phone. Tony Blair only became PM because he sucked up to Murdoch to gain his papers' endorsement.
That's not a fair interpretation. Let's actually break it down...
- Current CEO of GM
- Former Lockheed-associated Director was VP in charge of Information Systems. Assuming that's deliverable product and not internal IT (which she also ran), not exactly making the planes
- The former CEO of a drug manufacturer
- The former CEO of Harvard Management Company (the endowment)
- Retired Chairman of Joint Chiefs
- Retired CEO of a big oil company
- The Chairman of HP
- Former CFO of Wal-Mart
- Former CEO of Cummins (MOST adjacent business to GM vis engine mfg)
- Former Dean of Ivey Business School, The University of Western Ontario
- The CEO of eBay
So, sure, we can reach and say that some of the individuals have tangential industry experience or we can say that they are on the board because they have high degrees of personal/economic success, presumably large rolodexes, and various levels of experience at the top of large organizations.
I'm not taking a position on James Murdoch at all here, just pointing out that board members are not often subject matter experts of what a company produces so much as generally successful and influential people with various levels of business and leadership experience.
To an outsider like me it would look like a position awarded due to being a son of a powerful/rich father with relevant experience awarded the same way in another corporation (how likely is to become a chief executive in young age on own merit?). That would qualify it as a nepotism (father as investor to son); if Elon is a friend, then also cronyism. I have no hope in companies ran in such fashion; they can't survive Darwinian environment, bad decisions would accumulate in time, leading to larger and larger monetary loss, prompting fund withdrawal to cut the losses at some point.
Oh I see how this works. Pay the boy some big bucks and the bad news goes away?
It's the same shit-show in the UK. The same 20 Chairmen who know how to grease-the-wheels cycle around the big co's, milking fat-cat pay for 4 days a month.
Sorry, we live in a world where News Corp has been at the epicenter of cultivating "Merchants of Doubt"[1] when it comes to anthropogenic climate change. Anyone tied up in that universe deserves skepticism if not outright rejection for the unbelievable damage they have wielded on society's ability to address climate change. The cost to society is enormous, and their grandchildren and grandchildren's children will pay.
Even if James Murdoch is entirely amoral and more of an abacus-bean-shifter (i.e., money guy), we must recognize that the reason why an electric car company like Tesla even exists is because of headstrong founders and employees who demanded a sustainable form of transport that was not just excellent among electric cars, but one of the greatest cars.
In a way, money guys getting into Tesla is validation of the mainstream viability of sustainable transport, but we are still in a fragile state where all kinds of forces are aligning themselves against Tesla. We still need people ideologically committed to a rapid sustainable transition.
Climate change / fear / drama in general, all sell news papers for Murdoch. I'm sure they'll capitalize on this sooner or later, it's a shame for now it seems the focus has been on getting people elected that seem hell bent on making the situation worse. Or maybe that's just part of the plan all along?
I mean I think it makes the situation better for the various cronies in control of the administration. A guy focused on “deals” is a godsend for moneyed interests who just want to get their way.
> James Murdoch has been on the board for a while and is very good friends with Elon Musk. So this brings a sympathetic chairman who isn't going to crack down on Musk's erratic behaviour.
It seems a bit late to be concerned about this guy wielding influence at Tesla.
I remember seeing an interview about 5 years ago that featured both Elon Musk and Bob Lutz, vice chairman of GM. In the interview, Musk was incredibly deferential to Lutz and talked about his respect for Lutz and considered him a friend. They were very cordial. Nevertheless, Lutz has been on the record for many, many years as lambasting Tesla, it ambitious and sustainable aims, and its business model.
So hopefully it's a real friend and not a keep-your-enemies-closer friend. Or maybe either is fine.
I should add: Lutz is a climate change denier. [1] He has spent a lot of energy sowing skepticism towards the IPCC and anthropogenic climate change, calling it a "crock of shit." His antagonism towards Tesla goes deeper than just that of business competitors.
I don't know his exact political leanings but he looks to be more liberal than his father. His wife for instance works for the Clinton Climate Initiative.
His performance at the Leveson inquiry in the UK a few years ago confirmed him to be utter slime. Terrible news for Tesla if you value truth and integrity, and doesn’t do much to dispell the valuation-pyramid-scheme, spin-ever-grander-stories criticism that is often levelled at them.
Are electric cars genuinely seen as part of the solution to climate change? Surely there is no place for cars in our utopian green future, they are terribly inefficient means of transportation and completely anti-social and anti-urban. The future is in advanced metro systems, high speed rail, cycling etc. In this future, cars would become decided niche.
I had never thought of Tesla being one of the 'good guys', especially with Musk's backward - even reactionary - views on public transport.[1] It hadn't occurred to me that this might not be mainstream thought.
The United States, Canada and others are too sprawling and sparse for that. Cars are going to be a fact of life for a very long time yet.
As far as helping to solve climate change, cars are part of it, but I wish people paid much more attention to the larger contributor: Agriculture.
I often get the feeling that people think changing cars to electric will solve the problem. It's important and helps, but it's just one piece of the pie. Not the biggest piece of it either.
Europe is also large, and there is much better public transportation. If the US really wanted to replace cars, the US could replace cars. The problem is we equate cars with 'freedom', so we are doomed to live forever in the past until that changes (or we destroy ourselves)
It's not just 'freedom'. It's a practical matter given the vast distances between even individual houses in certain parts of the US. Europe, as a whole, is large, but European nations individually are not very big in relation to a lot of US states. People should absolutely be able to travel within their countries however best suits them.
In most of the country, per passenger, per person transported a mile, cars are more efficient than public transportation. Electric cars take less than half the energy per mile driven. So they definitely have a role.
The reason why is that a bus has to run whether or not it has passengers on it. A lot of empty buses without passengers are running around all day and night in most metro areas.
So yes, public transit makes a lot of sense where it makes sense. But it only makes sense within a relatively small number of very dense cities.
Yes, they are. Even if they get their energy from fossil fuels for now, it's a whole lot easier to replace a few hundred power plants than it is to replace millions of ICEs and all the associated sunk cost that they represent.
It's also just generally easier to make electricity from renewable sources than to directly power cars with them.
Fox could be pushing an anti-AGW agenda for numerous reasons, not the least of which is in response to the affinities of their viewer base. They're a media company, so their job is to pander to some group of viewers to get ratings. The tail could be wagging the dog. Media is entertainment to sell ads and nothing more.
Whoever does handles PR/brand image for Tesla must have stomach ulcers at this point. The amount of ire (whether potential or real) drawn in the last ~1 year is insane:
- Elon makes false accusations
- Elon says dumb thing about going private
- Elon smokes weed on a podcast (this is a +/don't care for me but I imagine not for Tesla's entire audience)
- Elon lets slip that the Saudis are where the money might have come from
- James Murdoch (that Murdoch, which generally people don't know or hate) might replace Musk on the board of Tesla
- Near constant questioning of company finances and viability
Before this year, Tesla was basically an awesome, expensive, trendy, and progressive car company that by and large people (those who can afford one, those who build them, those who love the planet, those who like high performance cars) loved --
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[ 4.2 ms ] story [ 57.6 ms ] threadWhat exactly does this guy bring to the table for Tesla? Money? Connections?
Already an insider within the company. You think anyone actually wants to deal with Musk?
This goes completely against the intent of the SEC agreement and I would not expect this to be the end of it.
I don't have horses in this race.
As an example, here is the board of directors for General Motors:
https://www.gm.com/our-company/leadership/board-of-directors...
Not exactly a lot of car building experience.
- Former GM officials,
- Ex-managers of defense companies. They build machines too, right.
- Ex-joint chiefs of staff and business school head. They know management.
- Insurance and such. GM has a large workforce and managing that a good portion of activity.
Newscorp is a large organization too, but it seems more different from Tesla than the US Army, Cummins or even an insurance company is different than GM. So on it's face, it seems like the board knows something about manufacturing and managing large organizations. With Jame Murdock, it seems likes you could say "know something about spin", which might not be comforting.
The Murdochs are scum, but hey, if you're a world leader and Rupert Murdoch calls, you pick up the phone. Tony Blair only became PM because he sucked up to Murdoch to gain his papers' endorsement.
- Current CEO of GM
- Former Lockheed-associated Director was VP in charge of Information Systems. Assuming that's deliverable product and not internal IT (which she also ran), not exactly making the planes
- The former CEO of a drug manufacturer
- The former CEO of Harvard Management Company (the endowment)
- Retired Chairman of Joint Chiefs
- Retired CEO of a big oil company
- The Chairman of HP
- Former CFO of Wal-Mart
- Former CEO of Cummins (MOST adjacent business to GM vis engine mfg)
- Former Dean of Ivey Business School, The University of Western Ontario
- The CEO of eBay
So, sure, we can reach and say that some of the individuals have tangential industry experience or we can say that they are on the board because they have high degrees of personal/economic success, presumably large rolodexes, and various levels of experience at the top of large organizations.
I'm not taking a position on James Murdoch at all here, just pointing out that board members are not often subject matter experts of what a company produces so much as generally successful and influential people with various levels of business and leadership experience.
Obviously his prior experience where he "repeatedly fell short of the conduct to be expected of as a chief executive and chairman" [1].
[1] https://en.wikipedia.org/wiki/James_Murdoch#Phone_hacking_sc...
If I were an independent investor, I'd be pulling my money out after this news.
So it is technically nepotism.
"the practice among those with power or influence of favouring relatives or friends, especially by giving them jobs."
https://en.oxforddictionaries.com/definition/nepotism
This doesn't seem to be set in stone; rather, Murdoch is the lead candidate. There has to be a replacement for Musk by mid-November.
It's the same shit-show in the UK. The same 20 Chairmen who know how to grease-the-wheels cycle around the big co's, milking fat-cat pay for 4 days a month.
Even if James Murdoch is entirely amoral and more of an abacus-bean-shifter (i.e., money guy), we must recognize that the reason why an electric car company like Tesla even exists is because of headstrong founders and employees who demanded a sustainable form of transport that was not just excellent among electric cars, but one of the greatest cars.
In a way, money guys getting into Tesla is validation of the mainstream viability of sustainable transport, but we are still in a fragile state where all kinds of forces are aligning themselves against Tesla. We still need people ideologically committed to a rapid sustainable transition.
[1]https://en.wikipedia.org/wiki/Merchants_of_Doubt
> threeseed
> James Murdoch has been on the board for a while and is very good friends with Elon Musk. So this brings a sympathetic chairman who isn't going to crack down on Musk's erratic behaviour.
It seems a bit late to be concerned about this guy wielding influence at Tesla.
I remember seeing an interview about 5 years ago that featured both Elon Musk and Bob Lutz, vice chairman of GM. In the interview, Musk was incredibly deferential to Lutz and talked about his respect for Lutz and considered him a friend. They were very cordial. Nevertheless, Lutz has been on the record for many, many years as lambasting Tesla, it ambitious and sustainable aims, and its business model.
So hopefully it's a real friend and not a keep-your-enemies-closer friend. Or maybe either is fine.
[1] https://www.youtube.com/watch?v=Klgp_qDiRhQ
Especially when the intent of the SEC agreement was that there was to be objective oversight of Musk.
I had never thought of Tesla being one of the 'good guys', especially with Musk's backward - even reactionary - views on public transport.[1] It hadn't occurred to me that this might not be mainstream thought.
https://www.wired.com/story/elon-musk-awkward-dislike-mass-t...
Wishing for cars to go away is as pie-in-the-sky as wishing POTS or Email would disappear. Simply not going to happen - it's too ubiquitous.
As far as helping to solve climate change, cars are part of it, but I wish people paid much more attention to the larger contributor: Agriculture.
I often get the feeling that people think changing cars to electric will solve the problem. It's important and helps, but it's just one piece of the pie. Not the biggest piece of it either.
The reason why is that a bus has to run whether or not it has passengers on it. A lot of empty buses without passengers are running around all day and night in most metro areas.
So yes, public transit makes a lot of sense where it makes sense. But it only makes sense within a relatively small number of very dense cities.
According to this article as long as you have about 11 people on a bus its more efficient. https://www.citylab.com/transportation/2012/11/can-we-please...
It's also just generally easier to make electricity from renewable sources than to directly power cars with them.
- Elon makes false accusations
- Elon says dumb thing about going private
- Elon smokes weed on a podcast (this is a +/don't care for me but I imagine not for Tesla's entire audience)
- Elon lets slip that the Saudis are where the money might have come from
- James Murdoch (that Murdoch, which generally people don't know or hate) might replace Musk on the board of Tesla
- Near constant questioning of company finances and viability
Before this year, Tesla was basically an awesome, expensive, trendy, and progressive car company that by and large people (those who can afford one, those who build them, those who love the planet, those who like high performance cars) loved --