Elon Musk said on Wednesday he anticipated reducing his time at Twitter and ultimately finding a new leader to run the social media company, adding that he hoped to complete an organisational restructuring this week.
Musk made the reflections while attesting in a Delaware court to defend against claims that his $56 billion pay package at Tesla Inc was grounded on easy-to-achieve performance targets and was approved by a biddable board of directors.
Still, Musk latterly said in a tweet that he’ll continue to run Twitter until it’s in a strong place, though it’ll “take some time”.
He only said "over time". Nothing new, he said that same stuff early on.— Lauren Weinstein (@laurenweinstein) November 16, 2022
Musk’s tweet came after former CEO Jack Dorsey said that he’ll not accept the part of Twitter CEO. In a reply to a Twitter stoner when asked if he’d take the position of CEO, he said “nope.”
@jack would you accept position as CEO of Twitter?— Alex Zay (@alexxzay) November 17, 2022
Tesla investors have been decreasingly concerned about the time that Musk is devoting to turning around Twitter.
“There’s an original burst of exertion demanded post-acquisition to reorganise the company,” Musk said in his evidence. “But also I anticipate reducing my time at Twitter.”
Musk also admitted that some Tesla masterminds were aiding in assessing Twitter’s engineering brigades, but he said it was on a “voluntary base” and “after hours”.
The billionaire’s first two weeks as Twitter’s proprietor has been marked by rapid-fire change and chaos. He snappily fired Twitter’s former CEO and other elderly leaders and also laid off half its staff before this month.
Musk transferred a dispatch to Twitter workers beforehand on Wednesday, telling them they demanded to decide by Thursday whether they wanted to stay on at the company to work “long hours at high intensity” or take a severance package of three months of pay.