Tesla's Musk to stay CEO through Model S launch | Small Business | Reuters
However, first commented on by Valleywag: Gawker - Tesla CEO: Daimler Won't Let You Fire Me - elon musk
Also picked up by ABG.Musk, an entrepreneur whose ventures, in addition to Tesla, include space exploration company SpaceX and solar power company Solar City, said staying on as Tesla's CEO was a requirement for securing the company's recent 10 percent investment from Germany's Daimler AG.
"I didn't really have a choice. This was a requirement of Daimler that I remain CEO of Tesla through the Model S launch and then continue to be part of Tesla in a chairman role beyond that," Musk said in an interview.
"It's flattering, but at the same time it's golden handcuffs," he added.
However, first commented on by Valleywag: Gawker - Tesla CEO: Daimler Won't Let You Fire Me - elon musk