Elon Musk is stepping down as CEO of Twitter, but his successor will need three essential qualities to take on the social-media platform.
Key Details
- Elon Musk has announced that he is looking to find a new CEO to run Twitter, but the platform will need a special person to take it on.
- Three key leadership qualities required for Twitter’s next CEO, according to MarketWatch writer Stefan Stern…
- Confidence and independence
- The ability to face facts
- An imaginative approach to management
- If the next CEO is daring enough to take on Twitter and can bring these qualities to the table the platform will make a turn for the better.
Why it’s news
Twitter has been struggling for months, and current CEO Elon Musk took over the platform and set it on an entirely different course. He has cut costs considerably and put it on a path that he thinks the company needs, but now he is taking himself out of key leadership so he can focus on programming and on his other businesses.
In the months since his $44-billion acquisition of the company, Musk as CEO has cut half the employees, fired top management, re-instated many banned users, and released a trove of documents revealing questionable behavior from the previous management. Now Musk has decided to set out on a hunt to find the next Twitter CEO.
Musk’s successor must be a special person who can take the troublesome company and improve it. According to MarketWatch writer Stefan Stern, the next CEO will need three essential leadership qualities to bring Twitter back to the top: confidence and independence, the ability to face facts, and an imaginative approach to management.
The successor will need to be confident and independent to run Twitter. The new CEO will need to be confident, almost arrogant, to stand their ground and make decisions without majority owner Musk influencing their actions.
Another key quality of the next leader is the ability to face facts. The new leader will have to face the bleak reality of Twitter and be willing to change it. Twitter has fallen hard, and the next leader can not dwell on the negative but work to change it.
The last quality needed of the next ringleader is an imaginative approach to management. While Twitter has taken a hard fall, the company is still running and influential. The new CEO will need to be imaginative, take advantage of the potential Twitter has, and use it to make the company take off.
Musk has still not given an official departing date or any potential candidates to be the next leader of the platform, until then, the company remains under Musk’s control.
Backing up a Bit
Many have been very critical of Musk’s management of the company since he purchased it in October. However, Musk and his fans say that he has actually saved the company by making it more free and open and saving it from financial ruin. Musk himself explained the huge cash-flow problem the company had until he cut more than $3 billion in costs.
