No matter how hard you work, how diligent you are, or how valued you are as a colleague, it’s unlikely that you’ll be offered a US$56 billion paycheck anytime soon. That was the amount Tesla’s directors deemed a suitable reward for Elon Musk’s efforts at the helm of the company back in 2018.
That mind-boggling pay package was recently canceled by a judge. But what made the directors value Musk so highly in the first place?
Maybe it was his charisma. According to an expert in the philosophy of leadership, charismatic chief executives are making a comeback in the corporate world. The reason, argues Sverre Spoelstra, could be that in turbulent economic times, people want a heroic figure to turn to. For some, that figure is Musk − even if he’s worth a bit less now.
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Luke Salkeld
Commissioning Editor, The Conversation U.K.
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Sverre Spoelstra, Lund University
Different management styles are available.
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Economy
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Christopher Decker, University of Nebraska Omaha
The central bank is ‘really in risk management mode,’ its chairman said.
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John Hawkins, University of Canberra
On one measure the latest inflation rate is just 3.4%, within spitting distance of the Reserve Bank’s 2–3% target.
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Business
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Christina Philippou, University of Portsmouth
A winter wind appears to have cooled spending among even the biggest clubs.
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Real estate
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Grant Alexander Wilson, University of Regina; Tyler Case, University of Saskatchewan
Most research on unaffordable housing has focused on homeownership, but rental affordability is also a serious issue.
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Entrepreneurship
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Barbara Jayne Orser, L’Université d’Ottawa/University of Ottawa; Catherine Elliott, L’Université d’Ottawa/University of Ottawa
A toolkit for inclusive entrepreneurship education and training was developed with input from a 19-country panel of entrepreneurship educators.
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Marketing
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Linda Ferrell, Auburn University; O.C. Ferrell, Auburn University
Marketers are increasingly focused on reaching narrow audiences – but when it comes to mass appeal, the Super Bowl doesn’t miss.
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Taxes
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Brendan Coates, Grattan Institute; Joey Moloney, Grattan Institute
A large majority of Australian taxpayers will benefit from the revised tax package, despite the impact of bracket creep over the next decade. But long term, these tax cuts come at a high price.
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