The Prof G Pod with Scott Galloway
Is Elon Musk Failing Shareholders? Teaching Kids About Money, and Scott’s Wildest Fan Encounter
09 Apr 2025
Scott breaks down whether Elon Musk poses a fiduciary risk to Tesla shareholders. He then offers advice to a grandmother trying to help her 15-year-old grandson understand money. In our Reddit Hotline segment, Scott shares the craziest fan encounter he’s ever had and reflects on where he found meaning in life before becoming a father. Want to be featured in a future episode? Send a voice recording to [email protected], or drop your question in the r/ScottGalloway subreddit. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
Buying a house has long been considered the best way to build wealth and move into true adulting. Isn't it? I mean, at least that's what society wants us to think. Gotta get a Birkin, gotta get a home, you know.
Okay, the handbag you can probably manage without. But what about a house? Surely that's actually good, right? We're going to find out this week on Explain It To Me. New episodes every Sunday morning, wherever you get your podcasts.
Welcome to Office Hours with Prof G. This is the part of the show where we answer your questions about business, big tech, entrepreneurship, and whatever else is on your mind. Today, we have two great listener questions lined up. And then after the break, we're continuing our new segment, the Reddit Hotline, where we pull questions straight from Reddit.
If you'd like to submit a question for next time, you can send a voice recording to officehoursaprofgmedia.com. Again, that's officehours.com. at propertymedia.com. Or if you prefer to ask on Reddit, post your question on the Scott Galloway subreddit. Jesus Christ, that's something I never thought I would say, Scott Galloway subreddit. And we just might feature it in our next episode.
What a thrill! Let's bust right into it. First question, I have not heard or seen these questions.
Hey, Prof G. Given the recent performance of the stock and his dual roles as the CEO of Tesla and chief doge douche, is there a point where Elon's divided attention and or ever-increasing negative public perception become a violation of his fiduciary responsibility to shareholders? Thanks for all you do. Jacob in Kansas City.
Jacob in Kansas City. So yeah, but he doesn't have a board. So this is how corporate governance works. Shareholders elect the board and the board really has two jobs. They're supposed to, one, what does it mean to be a fiduciary? I love the word fiduciary. I think it's a fantastic word. And that is once you have your deal, once you say, okay, I'm getting paid X.
your job is then as a fiduciary to represent the interests of others. I love that. When someone asks you to be their fiduciary for their estate, that's a real compliment because what they're saying is, I think you can represent other people. I think you have the skills to represent somebody else. And also you have the integrity
to think about or look at the lens of decision-making through other people. It's very difficult. Other than instincts, one of the things that separates us from the animals is that we have the ability to be just better fiduciaries. We can represent society. We can represent people that we will never meet. I mean, I guess board really has two jobs other than being good fiduciaries. And the
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