Thursday, March 27, 2025

Special PEUport on DOUGEBAG


Fox News did a special report this evening on what I call DOUGEBAG, the Department of Ungodly Greedy Executives Biased Against Government.  It was Elon and the seven C-Suiters.


Musk is CEO, Chairman or major investor in six companies with very forgiving Boards of Directors, given the time he has spent leading DOUGEBAG.  Fox tried to push the "public company standard" but DOUGEBAG is running the private equity underwriter (PEU) playbook.  

Half of the crew eviscerated Twitter after Musk took it private.  All of these guys are on the private side and on loan to DOUGEBAG.  Musk has one public company, the rest are privately owned.

Employee ratings for some of the DOUGEBAGS include:
Energy Company CEO -"70 hour weeks, minimal notice of MANDITORY overtime, extremely minimal pay" 
PEU Operating Executive - "is the most egotistical person I've ever met and is seemingly incapable of making good decisions. Because of the constant changes and layoffs, productivity is at an all-time low." 
Healthcare PEU - "This is a greed-driven company that is preying on our nation’s most vulnerable and poorest people."
A Musk private company - "You will always have 80% of what you need, and the goal posts constantly move.  Zero consideration for work life balance.  Overtime is scheduled naturally and is expected.  Wasted time during every shift.  Extremely inefficient processes Very chaotic work environment with little accountability.  Lots of mandatory overtime with little flexibility.  Often very unsafe.
Boring company - "Horrible safety, safety department is non existent.  Very political culture.  Management demands but does not return.  Team did not have a lead on day or night shift for six months.  Can be fired at a moments notice for non-communicated expectations.  Very few experienced engineers.  No work-life balance. Was told "I worked 3 months without seeing my family, what's the issue with you." Stock options are ISUs that you have to purchase.
It turns out the reasonable PEU executives are anything but.

Update 3-28-25:  The Daily Beast titled their piece on the Special PEUport: