What does Elon Musk want? “Only he knows,” replies a former member of the C. A. of Twitter

In interview at Economy zonethe businessman, who has just lost his position in the C. A., was philosophical, quoting a former Chinese president.

It was Deng Xiaoping who said the famous phrase: “Too early to tell“. Too early to tell. The weather will do it right, and I want to remain optimistic.replied Mr. Pichette when Gérald Fillion asked him if he was worried about seeing Elon Musk at the head of Twitter.

Patrick Pichette fully assumes the sale to the billionaire. He points out that if the latter were to bring down Twitter with his decisions, new options could arrive quickly. If Elon breaks the ethos of Twitter, the beauty of the internet, tomorrow morning you have eight other platforms showing uphe said, with a broad smile.

In the past few days, Elon Musk announced a series of changes at Twitter, including the layoff of half of the workforce. He even mentioned the bankruptcy of the group, causing a slew of criticism against him.

A signal is very clear, he had to call people back, he made the mistake of laying them off, when he needed them for critical operations. It proves he’s not in control of what’s really important on Twitter yet.underlined Mr. Pichette during another interview with Patrice Roy.

Analysis of the takeover of Twitter by Elon Musk with Patrick Pichette, former chairman of the board of directors of Twitter.

He seeks attention

In an exchange of emails with Radio-Canada, Patrick Pichette was much more acerbic towards the billionaire. At the question : What does Elon Musk want?the Quebecer had a simple answer.

A, [il cherche] attention and two, [il veut] go to the planet Mars. After that, only he knows, and even then, not surewrote the Quebecer.

Does he have a plan for Twitter? Will we witness real chaos in the coming months? We are going to witness a great experienceanswers Mr. Pichette.

But should we worry about the financial health of the group? Again, the former chief financial officer of Google wants to wait to have a complete portrait before deciding.

Too early and too much upheaval to get a clear idea of ​​the business model, and whether advertisers will come back. So to follow. Only time has the answer to this questionhe wrote in an email.

Mr. Pichette, however, continues to wish the survival of the platform, essential, according to him, for freedom of expression.

Because Twitter is a platform, it’s the public place where marginalized groups, people who need protection, can express themselves freely. This is an absolutely extraordinary and important platformhe said.

Patrick Pichette, administrator until very recently of the board of directors of Twitter, defends the decision of the CA to sell the company to Elon Musk.

hands tied

With a much publicized waltz-hesitation, Elon Musk finally bought the blue bird for 44 billion US dollars last October, after several months akin to a real saga.

Throughout the process, Patrick Pichette believes that the board of directors had their hands tied in the file and considers that a character like Mr. Musk could not have bought a Canadian company so easily.

In Canada, the board of directors has a fiduciary duty to the company and it must consider the interests of all parties. In the United States, it’s not the samehe said.

When we started the debate, we were reminded by our lawyers, that a company in Delaware, has only one “stakeholder“, the shareholder. […] Your hands are tied, you can’t say, “I’m going to reinvent the rules, because I feel like it”he says.

But he finds that the shareholders got their money’s worth. I served my shareholdershe says.

Ousting Trump wasn’t very difficult

Patrick Pichette also returned to a key moment in the history of Twitter, when President Donald Trump was ousted from the platform after the invasion of the Capitol on January 6, 2021.

Twitter’s rules are relatively simple. Anyone can go to the site and read them. And in the rules of Twitter, there is one that says: you have no right to incite violencehe says.

As a politician, it’s important in this space, that if you say things that are incredible, it’s important that people hear it. But if you break one of the six rules of Twitter, it’s very clear. »

A quote from Patrick Pichette, former chairman of the board of directors of Twitter

In this sense, Mr. Pichette asserts that the decision was not very difficultbecause the American president had violated one of these rules.

The Kenauk Project

Earlier in the day, Patrick Pichette took part in a press conference at Château Montebello, in Outaouais, to announce a series of measures aimed at protecting Kenauk, a nature reserve considered a jewel almost completely protected from human action.

There are investments you make with your head and there are investments you make with your heart. Kenauk is definitely the secondhe said.

The Nature Conservancy of Canada and the Kenauk Institute will notably create a research laboratory, one of the largest of its kind in North America. Mr. Pichette has launched a fundraising campaign to protect the territory 100%.

It is a territory which is so large that there are two packs of wolves. It’s so big there’s everything on ithe says.

Mr. Pichette had acquired the reserve for more than $43 million. He claims to have saved the reserve from a real estate project.

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