Motley Fool Money Tesla, Musk, and the Future of Movies
Jul 3, 2020
Nell Minow, Vice Chair at Value Edge Advisors and a film critic known as the Movie Mom, joins Bethany McLean, a Vanity Fair contributing editor and Enron expert, for a captivating discussion. They dive into the evolving landscape of corporate governance and the cinema industry, touching on the significant impact of the pandemic on theaters. They also examine Elon Musk's multifaceted role in business innovation, the challenges of fracking, and the essential belief in visionaries shaping future industries. Get ready for a thought-provoking conversation!
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Boeing's Board
- Nell Minow criticized Boeing's board for lacking manufacturing expertise.
- She highlighted their focus on financials over actual airplane production.
Board Oversight and Fraud
- Individual investors should expect reasonable board oversight to minimize fraud risk, not eliminate it entirely.
- Nell Minow highlights the Luckin Coffee and Wirecard scandals as examples.
Chesapeake Energy's Downfall
- Nell Minow recalled Aubrey McClendon's extravagant spending as Chesapeake Energy CEO, like buying a map collection.
- This exemplified poor board oversight and foreshadowed the company's downfall.
