Article 6627M Elon Musk went on a firing frenzy at Twitter. Now he’s paying for it | Robert Reich

Elon Musk went on a firing frenzy at Twitter. Now he’s paying for it | Robert Reich

by
Robert Reich
from US news | The Guardian on (#6627M)

Where employees are a corporation's key assets, workers' greater power comes in threatening to walk out the door

When Elon Musk bought Twitter for $44bn, he clearly didn't know that the key assets he was buying lay in Twitter's 7,500 workers' heads.

On corporate balance sheets, the assets of a corporation are its factories, equipment, patents and brand name.

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