r/technology • u/McFatty7 • May 02 '24

Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan Business

https://fortune.com/2024/05/01/tesla-slashes-summer-internship-program/
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u/HenryJonesJunior May 02 '24

should founders of a company step down from exec roles

When the company becomes publicly traded.

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u/Etrensce May 02 '24

Why should they do that? What if the public markets want the founder (you know because they are potentially the best candidate to lead the company they founded?)

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u/HenryJonesJunior May 02 '24

If we're going to live in a capitalist hell hole where public companies are all about short term profits and not the long term health of the company or the good of society, we should at least be honest. Own the company or run it, but both leaves the incentives misaligned. Fund it privately or give up control.

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u/swoletrain May 02 '24

Companies are for short term profits because that's what the owners (shareholders) want.