Tesla chief suggests business leaders focus more on improving products and services, less on spreadsheets
The Tesla CEO thinks there are too many business-school graduates running companies who don't focus enough on products and customers.
Elon Musk has advice for America’s CEOs: Quit spending so much time in meetings.
The Tesla Inc. chief executive said far too many business leaders occupy their days with discussions in conference rooms or over presentations, and fail to pay enough attention to finding ways to make their products better through day-to-day innovations.
“Are CEOs in corporate America focused enough on product improvement? I think the answer is no,” Mr. Musk told an online audience Tuesday during The Wall Street Journal’s CEO Council annual summit. “Spend less time on finance, spend less time in conference rooms, less time on PowerPoint and more time just trying to make your product as amazing as possible.”
In his remarks, Mr. Musk repeatedly took swipes at the way most companies were run. He also decried business school graduates, declaring there were “too many M.B.A.s running companies.”
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By Chip Cutter