Elon Musk Resigns
Elon Musk, Tesla´s famed founder, CEO, and previous chairman resigned as chairman after a series of incidents that made bad press. A common question is what is the difference between a CEO (chief executive officer) and a chairman? Before you read forward you should understand the difference between a CEO and a chairman. In a review, a CEO is the face of the company and ensures the company’s efficiency and stability. A chairman is more concerned with pleasing the stockholders, and focuses more on counseling. The resignation was triggered by many issues adding up and in the end a lawsuit about fraud. Weeks ago Musk started talking about making Tesla private; he raised the stock prices in hopes people would sell their shares and he could but them back. Two weeks ago, Elon Musk was legally smoking marijuana. Although it was legal, the backlash was still major. Share prices dropped…