The former Quebec president of the CA of Twitter skins Elon Musk: “He did not make any friends”

The Quebecer who negotiated the sale of Twitter for US$44 billion to whimsical businessman Elon Musk is very critical of his management of the social network since its acquisition.

• Read also: A Quebec millionaire is shown the door by Elon Musk

“In recent weeks, he [Musk] hasn’t made any friends,” noted Patrick Pichette, former number 2 at Google, Wednesday in Montebello, Outaouais, on the sidelines of an announcement about the Kenauk nature reserve.

The Quebecer referred to Musk’s positions on Twitter, including one urging people to vote Republican, which had the effect of scaring away advertisers, according to him.

On October 31, Twitter’s board of directors was dissolved by Elon Musk.


Patrick Pichette

Pichette held until recently the position of chairman of the board of directors of Twitter and he was also one of the three members of a special committee set up for the transaction.

“Twitter is a public platform, when you are the CEO [PDG] then you say vote republican, it’s [spécial]. Gotta give this to Jeff Bezos [le fondateur d’Amazon]he bought the Washington Post, then we don’t hear it,” he said.

The Quebecer also indicated that the financial situation of Twitter had deteriorated sharply since the purchase of Musk.

“There is US$13 billion in debt, it’s between US$1 and US$1.3 billion per year of interest. We had a little bit of debt [quand j’étais là] but we had a lot of advertisers,” he said.

Despite everything, Pichette said he was proud to have managed to sell Twitter to Musk even though the latter initially tried to avoid honoring his offer to buy.

“I had a job to do, representing my shareholders. 44 billion… you always have to remember that 1 billion is $1000 million. I am very happy that a Quebecer has succeeded in being on the board of directors of Twitter and in concluding this transaction,” he said.


Patrick Pichette

Legacy to society

The press conference held at Château Montebello, in the Outaouais region, focused on the announcement of a series of measures aimed at ensuring the protection of Kenauk, a nature reserve considered one of the largest and most immaculate in North America.

The Nature Conservancy of Canada and the Kenauk Institute announced Wednesday the creation of a permanent open-air research and education laboratory dedicated to studying the impacts of climate change on the territory.

In December, the families of Pichette and three other businessmen (Doug Harper, Dominic Monaco and Mike Wilson) donated 645 hectares of land, half of their waterfront properties, to make it a protected area.

Patrick Pichette denied deriving any personal benefit from his involvement in Kenauk, bought by his group for $43.7 million in 2014. He spoke of a legacy he wanted to leave to future generations.

He estimated that he had pulled Kenauk out in extremis “out of the mouth of the wolf” in 2013, when the reserve aroused the greed of developers for real estate development.

A judgment reported by the Journal in July lifted the veil on a tough legal battle between two groups of powerful businessmen for control of the reserve.

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