That seems like a good question to pose about the person who is leading up the “Department” of Government Efficiency (DOGE). After all, it would be reasonable to expect that a government agency committed to increasing efficiency in government would go about its work in an efficient manner. It would be pretty hard to make that case about DOGE.
In case y’all forgot:
https://www.snopes.com/fact-check/was-elon-musk-fired-from-paypal/
He failed at leading a “take everyone’s money” company, where all you had to do was sit there and let everyone give you their money.
PayPal legit has the perfect capitalistic corporate service.
You tell people that they’ll act as an escrow for eBay. With no other options people use it. They tell people that they are “like a bank” but tell regulators they aren’t a bank. They have policies that say that they can take your money for any reason or no reason. Work with eBay so that they HAVE to use PayPal in order to complete the sale.
They are fucking evil geniuses.
I was an eBay power seller in the early 2000s, and it was becoming pretty lucrative, enough that i was considering making it my main gig, but PayPal ruined it.
Multiple times i would log in to find my online store suspended for some period of time, once for an entire month. There was no explanation, just a suspension. And they don’t just turn off your store, they delete it entirely, so i would have to rebuild the store from scratch, relisting every item, and i had over 200 items.
Also, eBay did absolutely nothing about customers who would demand, and get, refunds with no proof of a damaged item. If you gave the crook a bad review, they’d do it back. They could always delete their account and start fresh, but my unjustified bad feedback from crooks would accumulate and lower my score and reputation.
Ebay and PayPal are two evil entities that deserve each other, and to this day i wont do any business with any PayPal associated business like Venmo.
The common wisdom in the reseller community about PayPal is to never leave any funds inside the paypal wallet, do not use them for large transactions and do not use them to transmit money that you depend on.
You can read many horror stories online about people who “trust” PayPal and then get blindsided and lose their money with no way to appeal or recover.
There seems to be a pattern where PayPal just steals large account balances and burns those clients. PayPal will take money for no reason or without providing any reason at all. They just fall back to “we are a service you agreed to use, we are not a bank or financial institution”. There is a whole reddit community with people commiserating. Lots of people lose their rent money, their business funds, their huge consultant contract payments, their school tuition etc. Often using paypal without imagining that its not a real company with a phone center and a system you can go to for an appeal, but some rinkydink black box of thievery with no real human contact and no legal presence anywhere you can tackle them and make them accountable.
eBay is the man in the middle between buyers and sellers, and overall the total marketplace is in decline in terms of buyers, dollars and sales volume. There is a situation where eBay has this shrinking pool of people spending money, and so they have enshittified their system by breaking search results and charging sellers to advertise/promote their listings. Essentially, surplus sellers compete to purchase the scarce buyer now. Its a doom loop. EBay is cutting a larger and larger piece of the sales and this makes everything on there more expensive, which makes the sales dwindle…rinse and repeat.
In both cases it is hard to understand why all their competitors aren’t beating them. For example, things like Craigslist or Facebook marketplace have a very lucrative opportunity and a big head start, but nobody has really challenged eBay…its confusing. They botg killed their golden goose but somehow they keep going as.zombie businesses.
I’ve recently gotten into selling items on Etsy, and so far I like their system much better. When I have a sale, I can instantly print a packing list and a shipping label, and the postage gets deducted from my account. Its a very clean, easy system, and far more trustworthy system than anything using PayPal - SO FAR.
The main problem with Etsy is that items either need to be produced by the seller, or be vintage. I sell items that fit both of those categories, so it works for me, but it is not a site to sell normal household goods. You couldn’t sell new books or current pressings of LPs, for instance. That’s what keeps them from fully competing with Ebay. They could change that policy to include everything, but that would fundamentally change what Etsy IS, and I doubt they want that.
I use Craigslist and FB Marketplace for selling guitars, musical instruments, and household goods. Craigslist used to be pretty good, but seems useless these days. I always post my items on both, but I NEVER get responses from Craigslist anymore, only FB. Also, all they do is connect buyer and seller. They do nothing to facilitate the transaction, like take care of payments or shipping. They are simply 21st c. Classified Ads.
There are others like OfferUp, but I’ve never used them.
They figured out that regulations don’t matter if you just ignore them pretty early.
Without their wealth, trump & musk would be homeless lunatics standing on a street corner droning on about the ‘secret state’, aliens and all the other crazy things you can come up with. They have no life skills.
No, Trump would have been a moderately successful used car salesman. He’s good at selling shit to idiots
No, he’d be the creepy football dad who went to jail for raping a 15 YO cheerleader
I feel like those 2 actually would have a fairly large overlap
Idk, I saw him hocking Teslas on the White House lawn and it was nothing compared to Randy at the Toyota dealership during Rocktober.
Randy works for a dealership, not a used car lot. Minors vs majors, baby.
Instead they’re lunatics with power
Their lack of scruples is a skill in itself.
How Quickly Would Elon Musk Have Been Fired If He Worked in the Private Sector?
Yes.
As in, it would have been so fast people would be asking that [equivalent] question?
As in, he could not possibly have been hired anywhere to perform any job by anyone qualified to be a hiring manager. He’s unemployable. All he knows how to do is buy other people’s companies and install himself at the top of them.
CW: gross
Oh I’ve heard he tops some of the employees to.
He does work in the private sector, and it will happen, his board of directors will be forced to fire him. It’s nearly inevitable at this point.
The CEO and all board members of ANY corporation are legally obligated to maximize profits for the shareholders, and if they fail at that, the shareholders can, and will, sue the company, as well as the board members individually. They have a personal financial stake in keeping him in line, and working to grow the company.
Instead, they allowed him to partner up with the loudest anti-ev voice on the planet, then run around for months behaving like a narcissistic toddler with a chain-saw, tanking the company’s global reputation, to the point where nobody is buying Teslas, people are unloading them as fast as they can, and protesters are vandalizing amd destroying them.
All of it was easily predictable, and the CEO is supposed to be an unparalled genius, so he defintely should have been able to predict the results of his unhinged behavior.
There WILL be a shareholder lawsuit at some point, I’m sure law firms are looking into it already. The board will almost certainly have to fire him in order to be able to defend themselves from charges of negligence for letting him run wild and destroy the company image.
In light of the people selling off their teslas, I wonder how easy it would be to put a body kit or something on it so it no longer looked like a tesla?
Possibly, but why throw good money after bad? They are already shitty vehicles that get recalled constantly (the SwastiKKKar has been recalled 8 times in less than a year), and are expensive to repair. The company is tanking, with no recovery in sight, or even appearing to be possible, and will probably be put of business in a few years, even with the inevitable bail out. Then it will become nearly impossible to find parts or repair it.
Unload that dog while you still can.
The CEO and all board members of ANY corporation are legally obligated to maximize profits for the shareholders
No, they are not. I can’t believe we are still repeating that BS. If this were the case, no board would pay CEO so much when it’s clearly unjustified
Tesla’s board is filled by psychophants and actual musk family… They recently were pushing to pay him 56 BILLION dollars for his efforts (talk about maximising profit for shareholders…)
The time to get rid of Musk quietly was about 5 years ago. Now the harm is done, he can quit all he wants but people won’t buy these shitty cars because they are objectively inferior compared to competition, people hate Musk around the world and nobody would want Elon to benefit from his stock
Perhaps you would be correct about a normal dispute between a CEO/Board and disgruntled shareholders who want more, but that’s not the Tesla situation.
MuskRat has been behaving recklessly, inappropriately, violently, insultingly, and worse, and the extreme negative reaction from Tesla’s current and potential market was easily predictable.
Whether the law requires that a CEO act to maximize profits, or simply manage the business in the best way possible on behalf of shareholders, MuskRat’s behavior has egregiously violated both, leaving both himself and the board greatly exposed to the possibility of a shareholder class-action suit, for any number of reasons.
With a nearly 60% drop in the stock price (which continues), and a severely damaged corporate image around the entire WORLD (which is probably unrecoverable under the current corporate leadership), both DIRECTLY attributable to his own personal behavior, it is doubtful that the company will even be in business in a couple of years, although HitlerPig will probably give him a bail out.
OK, this new take you bring is a far departure from your original “all companies must maximize profit” original claim
Having said that I still think you are mising 2 key points:
- Musk and his circus control the vast majority of teslas shares so I doubt anyone else can actually bring a law suit against him
- There is no rule of law in America anymore. If there was, Musk would have been in jail a while ago.
I didn’t change anything, I just pointed out that whether you or I are correct (which is an e tirely dufferent duscussion), the situation doesn’t really change. MuskRat is still civilly responsible for the Tesla’s ongoing crash.
It doesn’t require a majority of shareholders to file a class-action lawsuit. Any group with the same issues can combine to sue. Besides, there are probably some other major shareholders who are totally out of their minds over MuskRat costing them millions of dollars with his unhinged reckless behavior. I wouldn’t be so quick to believe that they will continue to support him. I certainly wouldn’t support someone who has cost me millions so far, and whose continuing behavior is predictably likely to continue to lose my money.
Brother, the Tesla board fought to give Elon 56 Billion dollars and nobody raised an eye brow… Do you really think they can touch him now?
The best thing that would happen here is that Musk behaviour will destroy Tesla, Musk’s own power which is entirely derived from money would crumble, and THEN maybe some people would want to kick the dead horse
A class-action lawsuit doesnt require their permission. If the Board doesn’t act to protect the company and shareholders from MuskRat’s bad behavior, they become as liable for damages as MuskRat. The smart move would be to remove him, but they are probably afraid of him, and his attack dog in the Oval.
They ignore his behavior at their own economic peril.
I know, I never said anything specific about a class action lawsuit.
My point is that Musk has been acting terribly for a LONG time and not too long ago the board was bending over backwards to gift Musk 56 billion dollars… there is no wherewithal in this company to go against Musk
Depends, he could have a long successful career in private equity being a short term pumper - that’s essentially all he is… someone who lacks the common shame to not bullshit to such an extent that fuckers believe him.
How many years are we away from FSD Elon? Just a few? How many years have we been within five years of FSD? Fifteen? And yet everytime he says it the stock price goes up.
He has worked in the private sector since the '90s.
Buying your way into a CEO position is not “work”.
He’s not a worker.
No; he has been an owner in the private sector since the 90s.
