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President-elect Donald Trump appointed Tesla (TSLA) CEO Elon Musk as head of “Department of Government Efficiency,” alongside Vivek Ramaswamy — igniting a dialogue about the potential conflicts of interest surrounding corporate governance.
Weinberg Center for Corporate Governance founding director Charles Elson joins Catalysts Anchor Madison Mills, expressing concerns that Musk’s responsibility to Tesla’s investors could compromise his commitment to the government role.
Elson suggests that Musk should step down from his business positions to avoid becoming a “jack of all trades, master of none,” and stressed the importance of ensuring that his government service doesn’t benefit his companies.
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This post was written by Cindy Mizaku.