Interesting, Musk said no one suggested rehab, he didn't deny using drugs.
Some Tesla Inc. board members felt pressured to take drugs with Chief Executive Elon Musk for fear of upsetting him if they did not partake, the Wall Street Journal reported Sunday.
In a report following up on a January Washington Post story that detailed Musk’s alleged use of illegal drugs and executives’ and board members’ concerns for the health of Musk and his companies, the Journal on Sunday detailed the deep personal and financial ties that bind Tesla directors to the company and to Musk, including joint vacations, parties and large investments in each others’ companies.
According to the Journal, most of Tesla’s directors have earned stock options worth hundreds of millions of dollars during their board terms — significantly more than board members at other companies. The report cited experts in corporate governance as having said such close ties could interfere with board members’ independence.
The Journal report also indicated that some current and former board members at Tesla TSLA, -0.50% and SpaceX have direct knowledge of Musk’s drug use but have not moved to address it.
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According to the Journal, the volume of Musk’s and some board members’ drug use — which reportedly has included cocaine, ecstasy, LSD, mushrooms and prescription ketamine — has become particularly concerning.
Some of Musk’s friends and company directors perceive an expectation to use drugs at parties he attends, the Journal said, feeling pressure not to refuse, since he’s made them so much money and out of a desire to remain in his good graces.
The Journal reported that Oracle Corp. ORCL, +0.23% co-founder Larry Ellison — a friend of Musk’s and a former Tesla board member — offered use of his Hawaiian island to Musk in 2022 for relaxation and detox purposes. Around the same time, other friends reportedly urged Musk to enter rehab.
In a series of tweets late Sunday on the former Twitter, which Musk acquired 16 months ago and suddenly renamed X last summer, Musk mocked the Wall Street Journal report and said “no one has ever mentioned rehab to me ever.”
http://www.marketwatch.com/story/some-board-members-felt-pressured-to-take-drugs-with-elon-musk-wsj-reports-88cb0934
Do something positive.
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