Prominent Tesla Shareholder Calls for Board to Remove Musk (Connecting the Dots: Ross Gerber, The Annenberg School for Communication, The University of Pennsylvania, The Wharton School & Soros Funding, All Networking)
Newsmax.com
By
Jim Morley | Saturday, 22 March 2025 10:37 AM EDT
https://www.newsmax.com/newsfront/musk-telsa-rossgerber/2025/03/22/id/1203911/
A
prominent shareholder of Tesla has called for the board to oust CEO Elon Musk
in light of the massive drop in value the car company has suffered the past
month due to protests over the tech giant’s outspoken role in the Trump
administration.
Shares
of Tesla have dropped 35% in the early months of 2025 leading Ross Gerber, the CEO of
Gerber Kawasaki Wealth and Investment Management, to publicly call for Musk’s
removal. Gerber owns more than 250,000 shares of Tesla stock which was valued
at over $428 a share in early January and closed at $240 a share on Friday.
Speaking exclusively to Newsweek on Saturday, Gerber responded “absolutely”
when asked if the board should seek Musk’s removal.
"Why
has the board of directors sat quietly while so much brand value has been
eroded to the point that cars are being set on fire?" he said.
"It's been wildly negligent that the board has done nothing to curb Elon's
behavior, especially around extremist statements."
Musk
has gone from a liberal darling to persona non grata over the past year
following his embrace of President Donald Trump and his leadership role in the
Department of Government Efficiency, which has slashed thousands of federal
jobs in the past month. Protests have erupted throughout the U.S with
dozens of incidents reported of Teslas being keyed and torched, including whole
dealerships. Organizers of a planned “Tesla
Takedown” have promised to protest at all 277 Tesla dealerships across the U.S.
next week on March 29 in an effort to bankrupt Musk.
Musk
owns 12% of Telsa and with his stake in his other business ventures such as the
social media platform X and SpaceX, a “Tesla Takedown” is likely to hurt others
far more than it will harm Musk. Gerber told the outlet that the
board "solely functions at the benefit of Elon" and has been
"highly compensated" by Musk." They're not going to do anything
he doesn't say," Gerber said.
Yet
not all high-level shareholders want to see Musk ousted. Christopher Tsai told
Newsweek that he assumes Musk’s role at DOGE will be short-lived and shares of
Tesla will recover. "We are unequivocally opposed to any effort to remove
Elon as CEO. He has created immense value for shareholders and has consistently
demonstrated an unparalleled ability to manage multiple ventures
successfully," he said. "Elon is a visionary of this generation, and
as fiduciaries, it is our responsibility to align our clients' capital with the
highest-quality businesses we can identify and understand."
Tsai
added that his firm, Tsai Capital has made six times its initial investment in
Tesla since 2020. "The returns he has generated for our clients speak for
themselves," he said.
Ross
Gerber
https://everipedia.org/wiki/lang_en/ross-gerber
Early
Life & Education
Ross Gerber was born and raised in Los Angeles. He
attended the Brentwood School, graduating in 1989.
In
1993, Ross received his Bachelor's degree in Communications from the Annenberg
School for Communication at the University of
Pennsylvania concentrating
in Business Law at the Wharton School of Business. Ross
also received a second concentration in Classical Music Studies at the
University of Pennsylvania and attended the Grove School of Music.
Connecting
the Dots:
Ross Gerber received his
Bachelor's degree in Communications from the Annenberg School for
Communication at the University of Pennsylvania concentrating in
Business Law at the Wharton School of Business.
Martin Meyerson was
the president for the University of Pennsylvania and a lifetime
trustee at the Aspen Institute (think tank).
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank), the Harlem Children's Zone and the Brookings
Institution (think tank).
George Soros was the chairman
for the Foundation to Promote Open Society and a benefactor for
the Harlem Children's Zone.
Wallis Annenberg is
a trustee at the Harlem Children's Zone and a board of councilor’s
member for the Annenberg School for Communication.
Elizabeth E.
Bailey is an honorary trustee at the Brookings Institution
(think tank) and a professor emerita at the Wharton School.
Resources:
Past Research
Mike
Rowe on How Many Are Following the ‘Worst Advice in the History of the World’ (Past Research on the Wharton School)
Saturday,
November 16, 2013
https://thesteadydrip.blogspot.com/2013/11/mike-rowe-on-how-many-are-following.html
Jerry
Brown Signs Law to Stop (Only) Anti-Muslim Bullying (Past
Research on the Annenberg School for Communication)
Thursday,
October 6, 2016
https://thesteadydrip.blogspot.com/2016/10/jerry-brown-signs-law-to-stop-only-anti.html
UPenn
Professor Anthea Butler: Brain-Surgeon Ben Carson Deserves ‘Coon of the Year’
Award (Past Research on the University of
Pennsylvania)
Wednesday,
October 7, 2015
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