Eve Tahmincioglu, Directors & Boards, September 10, 2018
The Air Force is reportedly looking into Tesla CEO Elon Musk’s recent appearance on a popular podcast because it appears to showing the embattled executive smoking marijuana.
It’s the latest in unusual behavior by Musk, including a tweet storm last month when he claimed he wanted to take Tesla private and then changed his mind. The claims apparently surprised the company’s board; and they prompted a Securities and Exchange Commission inquiry.
Clearly, Musk marches to the beat of his own drummer, but in cases like this, what’s a board to do?
Corporate crisis and reputation adviser Davia B. Temin, CEO of Temin and Company Inc., weighs in:
There have always been “force-of-nature” CEOs. These are the geniuses who single-handedly build or propel organizations to new heights of innovation, achievement, profitability and impact. As a society, we tend to revere them, as much for their sins as for their sainthood. But, as directors, we are plunged into a conundrum. How much leeway do we give them, and when do we need to pull in the reigns? […read more]