Did you know it is illegal to burn your own house down? Let’s say I had a few million dollars to spend on my house and being that it is all mine, I decide to burn it to the ground. I own it. I’m not claiming insurance or anything. But nope. It’s arson. A felony.
You get where I’m going with this. A bazillionaire buys a company for 44 billion dollars and proceeds to burn it to the ground. Half the workforce is out. The brains that understand the quirks and intricate workings are done. And then the ego and unpleasantness of this individual is harming the company in other ways.
Nothing at all is happening to him.
If I torch my hypothetical mansion, no one gets hurt (aside from the chemical soup released into the air). No one is financially impacted except for me, but it is illegal.
When a company is dismantled, (and it happens all the time in much less obvious ways), there seems to be no issue, even when thousands are unemployed.
I know I am oversimplifying, but I am surprised that there is no penalty for blatantly mismanaging a company to the point that other companies are taking financial hits. I know if you willingly and knowingly defraud investors, you go to prison and good. I don’t want the government to tell a company how to run either. I shudder at the thought!
Its another good reminder to look out for yourself. Elon has been pretty blatant in his “leadership” style and left no question of whether to stay or not. Most companies have more subtle ways. Slowly removing benefits and privileges that were in place in the beginning. Raises become smaller or nonexistent. Career paths also dry up. Each time, you may reason, that it isn’t a big deal, and it probably isn’t, but stay aware. It’s important to stay on top of your company and the job market in general because the only one looking out for you is you.
Don’t get burned.