James Murdoch Is Not The The Next Chairman Of Telsa, Confirmed By Elon Musk

The report said on Wednesday that after dealing with the Securities and Exchange Commission (SEC), son of Rupert Murdoch who holds the CEO position of the famous 21st Century Fox would undertake the empty position of the electric vehicle entrepreneur.

But Elon Musk in person tweeted that “This is incorrect” in the Twitter’s headline of the FT. And according to the FT, it’s not clear that if  Musk means it was wrong about Murdoch was in the consideration or he was the top choice for the position. The Telsa CEO did not clarify the request immediately on Twitter.

As a part of a settlement with the SEC which filed charges against Musk at the end of August for tweeting 'funding secured', Musk resigned from chairman but he will remain to be the CEO of Telsa. Also as a part of the mentioned above settlement, Musk had to face a fine of $20 million, besides, the company has to assign 2 more independent members of the board. Elon Musk had to make his resignation after required 45 days.

Last year came the supposition that Murdoch has been a non-executive director of Telsa’s board and a top candidate to be its chairman. However in the past, its shareholders posed a blowback on Murdock because he gained not enough experiences in the relevant field. Murdoch’s function on much-maligned board of Telsa as the director so he might be criticized for his part of a board that was too closed with Elon Musk.

At the beginning of the year, shareholders were asked not to consider Murdoch for the election again by the words from Glass Lewis - the proxy advisor and the pension fund CtW Investment Group. They were also told to put Musk’s cousin, the private-equity investor Antonio Gracias out of the election by CtW.

The top candidates for the position are Alan Mulally, Al Gore, and Warren Buffett.