You missed the point: Elon Musk is spacex and telsa, if spacex and telsa "are" vanguard/blackrock, then Elon Musk is one of their CEOs, even though he bought twitter on its "own" "money".
> Elon Musk is spacex and telsa, if spacex and telsa "are" vanguard/blackrock, then Elon Musk is one of their CEOs
SpaceX is also privately held. Vanguard has nothing to do with it, neither do I think BlackRock. With Tesla, they are holders, but largely through index funds. And Elon has control.
There is a public market index hypothesis, but it pointedly doesn’t apply to Elon or his companies.
It can be privately held by vanguard/blackrock. The difference is only based on how the "shares" where bought/sold. The "usual" way is to buy shares available on public and formalized markets like stock exchanges.
So what's you say about Tesla and Elon Musk is like Amazon and JB: they are share holders, but not big enough compared to Elon Musk in Tesla (did not check that) then they cannot setup their ppl on management like their CEOs. This is the same with amazon: JB is in control, but vanguard/blackrock are just behind (and azure), namely once JB sells enough of his shares, vanguard/blackrock get in control and then will setup their ppl as CEO and management (unless azure interfere).
Like alphabet(google)/microsoft/apple/starbucks/etc.
If you want to know more: starbucks, a vanguard/blackrock company, with msft CEO has massive debts and stabucks is paying huge interests all year long.
The ceo of Starbucks is Howard Schultz one of the long time people associated with Starbucks. This is his third time being CEO including the period that made Starbucks a household name and when it went public. He’s not at all associated with Vanguard or Blackrock.
The next CEO was chosen by the board in a very public CEO search. Laxman Narasimhan has the pedigree you’d expect from someone picked for that role including being a ceo of a big company and a long stretch at Pepsi.
Perhaps you can be specific about what you think Vanguard or Blackrock did as part of this process that caused a three time ceo & founder of Starbucks to be chosen as the interim and then followed by what appears to be a highly qualified candidate?