Elon Musk's role in delivering the US presidency for Donald Trump has given the world's richest man a unique opportunity to reshape the federal government by placing his acolytes and allies inside the incoming administration.
The billionaire's influence continues after the election, with him joining Trump during a call with Mr Volodymyr Zelensky, president of Ukraine, last week to discuss the war there. Now Mr Musk is preparing to wield new power in Washington, having been promised a wide remit as head of a new Department of Government Efficiency.
He has spoken of slashing US$2 trillion (S$2.7 trillion) from the US budget and firing hundreds of thousands from a "vast bureaucracy", while eliminating regulations he blames for stifling innovation.
Mr Musk's advisory role will be structured to ensure he keeps control of companies such as Tesla, X, SpaceX, xAI and his brain-chip company Neuralink, said people familiar with the preparations. Instead, he aims to exert power by installing long-time deputies, engineering experts, financial backers and ideological partners at government agencies.
"America's A team is usually building companies in the private sector," Mr Musk posted on his social media platform X on Nov 7. "Once in a long time, reforming government is important enough that the A team allocates time to government. This is that time."
The billionaire has leaned on a few trusted advisers to oversee his portfolio of companies, tasking them with executing brutal layoffs and abrupt changes in strategy, and meeting seemingly impossible deadlines.
For corporate restructuring, Mr Musk has often relied on Mr Steve Davis, president of the Musk-owned tunnelling start-up The Boring Company.
Diese Geschichte stammt aus der November 13, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 13, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Passengers say Turkish Airlines flights have bedbugs
Shortly after boarding her Turkish Airlines flight from Johannesburg to Istanbul in March, Ms Patience Titcombe from Phoenix noticed a small bug crawling on her seat when she got up to use the restroom.
Actor Ben Yeo shutters restaurant after incurring $1 million loss in two years
Local actor and F&B entrepreneur Ben Yeo is shutting down the high-end modern Chinese restaurant he founded, Tan Xiang Yuan, after two years.
Director Jeff Baena elevated dark themes with humour in his works
American director and screenwriter Jeff Baena, who co-wrote the dark comedy I Heart Huckabees (2004) and directed films including Life After Beth (2014) and Horse Girl (2020), died on Jan. 3 at a residence in Los Angeles. He was 47.
Squid Game star denies ties with South Korea ruling party's former leader
Squid Game star Lee Jung-jae has distanced himself from the party of South Korea's President Yoon Suk Yeol after a photo of him with the party's ex-leader resurfaced online, according to Korean media.
Japanese cast dominates as Shogun breaks new ground
Comeback stories and Asian representation at the awards show celebrating the best in film and TV
A toast to Switzerland
The country is adopting a sip-and-stay approach to spread the word on its best-kept secret – wines
Saving the mysterious African manatee in Cameroon
Ever since his first hard-won sightings of African manatees, award-winning marine biologist Aristide Takoukam Kamla has been devoted to protecting the little-known and at-risk aquatic mammals.
'CRAZY' CHUA TURNS PRO
S'pore triathlete aims to win SEA Games, qualify for Asian Games and Olympics
The fall in sport is cruel, inevitable and hard to digest
In sport, this is the guarantee. Falls will be hard. The boxer sent to the canvas. The rugby winger brought to earth. The gymnast slipping off the high bar. And the hero tumbling from his pedestal.
AMORIM WANTS SAME 'MENTALITY EVERY DAY'
United need to replicate the fortitude shown in draw at Liverpool to become a better side