AtlasShrugged? wrote: ↑
Fri Sep 28, 2018 6:12 am
One takeaway I had....Avoid stocks where the CEO is a prolific social media user.
This aspect really has not been commented upon. Guess what? Social media posts can and will be used in a court of law. I sometimes wonder if people actually get that or not. In Mr. Musk's case, evidently not.
Yes. Social media is basically toxic waste for corporate leaders. It's either the Forced stuff to "inspire" the employees - shades of David Brent in "The Office" (American or British version) OR you get the paranoid stuff. On the former Lucy Kellaway of the Financial Times wrote a brilliant column and book ("Who moved my blackberry" by Martin Lukes) of the diary and social media thoughts of an egomaniac Chief Executive - Martin Lukes CEO of AB Global (with an umlaut over the o).
On the paranoid stuff the world does not need to see our Jungian Shadow. Our valuethinker if you will
I might also add, if you know the CEO is a recreational drug user/abuser?, I'd avoid that stock as well. Too many things can go awry.
Memo to Mr. Musk: Yo, Ambien and weed don't mix well together - at all. It surely does not help Tesla valuation when financial reporters are writing about your recreational drug use. Dry out, chill out, and focus on the fundamentals of your businesses.
It's usually a sign of serious personal problems which will affect judgement.
Also what message does it send to overstressed and overworked assembly line workers and middle managers? They should deal with stress by being stoned?
You gotta walk the talk. If you don't want your people stoned, you have to not be stoned. I have seen businesses where excessive use of alcohol, and even abuse, was a feature of office socials etc (this is likely to be more common in the UK, where not everyone drives home and the culture is less puritannical than some parts of the USA, than in the USA). In the long run, it was corrosive -- the hangover in business terms eventually came. Also alcohol is a disinhibitor of other behaviour, and that "other behaviour" can be very bad news -- some people should not let their colleagues see their disinhibited selves.