A Twitter poll, which showed almost 58% of voters wanted Elon Musk to step down has lead him to announce his resignation as CEO after is finds a replacement. However, he will remain to run the social media platforms software & server teams.
Shortly after the poll Musk says the question is not finding a CEO, the question is finding a CEO who can keep Twitter alive.
Jeffrey Sonnenfeld, a professor of leadership studies and management at Yale says we are seeing somebody who is a technological genius who is at the end of his tether “- he’s overstretched,”
It is likely that a factor contributing to the difficulty of the situation is that Musk does not possess the amount of hours required to manage a corporation with as many issues as Twitter.
According to Sonnenfeld Musk has been both impulsive and self-destructive during his short time in charge of Twitter.
Recently the Tesla chief became the only person in history to lose $200 billion from their net worth after buying Twitter for $44 billion. Musk was the second person to amass over 200 billion after Jeff Bezos.
The instability caused by Musk’s presence as CEO of Twitter has been thrown into further disarray by his decision to resign.
It is conceivable that Twitter could hire a more reliable and secure leader who would be able to restore the confidence of worried sponsors and introduce carefully thought-out guidelines that would require more than a few hours to craft.
The rationale behind taking Twitter private was so that the organisation could make changes without pressures from the stock market.
