Musk to Step Down from Doge End of May?

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Yes, I think he intended to serve for a limited time when he began.

Will that get extended? Good question. How much is still to be done? Is he still in good standing? Time limit could be a convenient way step away.

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Since when is $2 billion now $1 trillion?

Another person who somehow does not know what he is doing.

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Iā€™m not sure that ā€˜to serveā€™ is his goalā€¦

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Oh very yes! To Serve Humanity! with a sauce bernaise!

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There are time limits on how long you can serve as a temporary ā€œspecial government employee,ā€ which allows people to come in and work for a limited time without being subject to the same financial disclosure and other rules that apply to full-time government workers. Youā€™re only allowed to do that for 130 days out of any 365 day window.

Whether he adheres to that or not is a huge open question - but thatā€™s one reason why there has been speculation that he might treat this as a limited time gig before declaring victory and leaving DOGE.

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Itā€™s becoming a quaint idea that this administration follows the Rule of Law.

Pete

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Yep - thatā€™s why I said itā€™s an open question. There is a law that prohibits Musk from continuing to serve after 130 days if he doesnā€™t comply with the requirements for permanent federal employees - but that law probably doesnā€™t have a specific enforcement mechanism, and itā€™s not clear that anyone would have standing to sue the Administration to enforce it. I think itā€™s quite possible that the Administration might not care about violating that law, since there are unlikely to be any consequences.

Itā€™s an open question, though, because Musk might care about it. Unlike the Administration, there might be consequences to Musk for explicitly violating federal law - especially since Space X is a major government contractor. I am not a federal procurement lawyer, but itā€™s entirely possible that a provable violation of federal law by the CEO might be problematic in a competitive bid situation - and might be something a rival bidder can legitimately raise in challenging an award to Space X. So he might have to be more cautious in complying with the letter of the law than others.

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Things are different now. Recall, a few days ago, I posted an article about Boeing. Last year, Boeing plead guilty to a criminal fraud complaint by the FAA, for deceiving the FAA about their standards and practices. That avoided a criminal conviction that might hurt their prospects for government contracts. Now, Boeing is asking the administration to withdraw the guilty plea. Apparently, Boeing is no longer concerned about the FAA taking action against them.

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Thereā€™s always the possibility of a pardonā€¦
I think thatā€™s in the playbook for convicted law breakers.

I wonder if it would open him up to shareholder suits? Not that they seem to care, as he is already split 6 ways come Sunday, but perhaps that PLUS violating the law might convince some that heā€™s stretched a bit thin? Or just a terrible person? Can you be sued for that? :wink:

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Talk about stretching the courts to its limits.

Muskā€™s departure from Doge is hotly rumored todayā€“following drop in Tesla sales. But the White House denies the report. But Tesla stock is rebounding.

Nothing like a few rumors to drive investing.

The words they chose to deny only added fuel to the rumor. Looks like Musk is leaving.

Seems most of us recognized, some time ago, there, ultimately, will be room for only one ā€œcenter of attentionā€.

Steve