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☆ Elon Musk says he doesn't plan to give his kids control of his companies
  + stars: | 2023-05-23 | by ( Grace Kay | ) www.businessinsider.com   time to read: +5 min
Elon Musk said he's found potential successors for his companies if "something happens to me unexpectedly." The billionaire said he doesn't plan to hand over his companies or voting shares to his kids. Musk dispelled rumors earlier this month that he would bring in a new Tesla CEO. Elon Musk says he doesn't plan to hand over his companies to his kids any time soon. The Tesla CEO did not respond to a request for comment from Insider ahead of publication.
Persons: Elon Musk, he's, Musk, X, X's, Grimes, Steve Jobs, Bernard Arnault, Rupert Murdoch —, I've, Musk's, Zach Kirkhorn, Tesla, James Murdoch —, —, Tom Zhu, he'd, Dan Ives Organizations: Morning, Reuters, Twitter, Street Journal, Musk Locations: China, North America, Europe
☆ Inside the demise of Vice, from turning away a $3.5 billion Disney offer to a 'painful' downward spiral that has the media giant scrambling for a buyer
  + stars: | 2023-03-21 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +19 min
The talks fizzled, Disney backed off, and Smith set off for California to drum up other interest in Vice Media. Vice Media Group co-CEOs Bruce Dixon, left, and Hozefa Lokhandwala. Vice Media GroupOne former Vice insider familiar with the current situation told Insider that staffers were warning vendors they needed to threaten to stop work in order to get paid. Just a few months later, Rupert Murdoch tweeted, "Who's heard of Vice Media? Refinery29 quickly lost key staff and was not well integrated into Vice Media, the two former staffers said.
☆ Elon Musk says 50 Tesla software engineers brought in to review Twitter's code had volunteered for the job
  + stars: | 2022-11-17 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
Elon Musk told a court that 50 Tesla engineers working at Twitter weren't "Tesla assets." He said that's because the Tesla staff had volunteered to work at the company after-hours. Musk was testifying over a shareholder lawsuit which says his $55 billion pay package was excessive. When questioned if it was a good idea to use Tesla resources at Twitter, Musk said he "didn't think of this as using Tesla assets." Musk — who is the CEO of both Tesla and SpaceX, and is acting as CEO at Twitter — was in court over a Tesla shareholder lawsuit.
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