Elon Musk is the billionaire CEO of the publicly-traded EV company, Tesla. As such, under corporate law, he owes a Duty of Loyalty to Tesla. Notwithstanding this well-established law, Musk is engaged in an array of other corporate endeavors outside of Tesla, including being the CEO of SpaceX, a private rocket company.
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Cloud Software Group’s major owners include Vista Equity Partners and Elliott Investment Management, according to an interview with Krause at SpencerStuart.
The founder, Chairman and CEO of Vista Equity Partners is billionaire Robert F. Smith, whose net worth is pegged at $10.8 billion according to Forbes. In 2020, during the first Trump administration, Smith was charged by the U.S. Department of Justice with engaging in a massive 15-year international tax fraud scheme. Smith was given a non-prosecution agreement and settled the matter for $139 million after cooperating with prosecutors.
The other major co-owner of Krause’s firm, Elliott Investment Management, is the giant hedge fund founded by billionaire Paul Singer, who remains at Elliott as President, Co-Chief Executive Officer, and Co-Chief Investment Officer. Singer gave the Trump-supporting Make America Great Again Inc. PAC $5 million in one check in August of last year.
In addition, and notably, Singer is also Chairman of the Manhattan Institute for Policy Research, a right-wing think tank [front organization]. William Barr, one of Donald Trump’s Attorneys General during his first term as President, is a member of the Board of Trustees of the Manhattan Institute. Megadonors to Trump and Republicans, including hedge fund titan John Paulson and former Education Secretary Betsy DeVos in Trump’s first term, also serve on the Manhattan Institute’s Board of Trustees.
Related:
Condoleezza Rice at the Waldorf Astoria
On October 1, Dubya’s National Security Adviser, Condoleezza Rice, delivered a speech at the exclusive Waldorf Astoria in New York. Members of the Manhattan Institute for Policy Research were in attendance. The Manhattan Institute is a CIA-sponsored far right “think tank” (founded in 1978 by William Casey, who subsequently became Reagan’s CIA director). The Manhattan Institute concerns itself with such things as “welfare reform” (dismantling social programs), “faith-based initiatives” (blurring the distinction between church and state), and “education reform” (destroying public education).
SourceWatch: Manhattan Institute for Policy Research
The Manhattan Institute is a “partner” of the State Policy Network, a web of right-wing “think tanks” and tax-exempt organizations in 50 states, Washington, D.C., Canada, and the United Kingdom.
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The Manhattan Institute has been a “launch pad for conservative authors,” according to Norman Solomon’s EXTRA! article published in 1998, sponsoring conservative authors like George Gilder (“Wealth and Poverty”), Linda Chavez (“Out of the Barrio”) and Charles Murray (“Losing Ground”) during the 1980s. According to Solomon, MI financed these authors and their work by funneling money from major conservative foundations, including the Sarah Scaife Foundation, the Bradley Foundation, the Carthage Foundation, and the John M. Olin Foundation.
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Financiers of Neo-conservatism
The “financing of neo-conservatism doesn’t come from D.C.”, Mark Gerson is quoted as saying in the April 27, 2003, New York Observer. “Instead, said Mr. Gerson, it comes from New York moneymen like Bruce Kovner, chairman of the Caxton Corporation, and Roger Hertog, the vice chairman of Alliance Capital Management. Last year, both financiers helped fund a new newspaper, The New York Sun, now fighting its anti-liberal battle with its New York Times –counterprogrammed slogan, ‘A Different Point of View.’ Both Mr. Kovner and Mr. Hertog also chipped in to join neoliberal Martin Peretz as co-owners of The New Republic. Mr. Kovner and Mr. Hertog, as enlightened neoconservative businessmen-intellectuals, are also on the board [of trustees] of the Manhattan Institute, where Mr. Gerson and William Kristol are also trustees, as well as the Washington, D.C.–based American Enterprise Institute.”
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Ties to the Koch Brothers
The Manhattan Institute has received significant funding from various foundations associated with the Koch network. This includes $790,305 from the Charles Koch Foundation (2013-2021), $66,720 from the Charles Koch Institute (2014-2018), $2,075,000 from the Claude R. Lambe Foundation (2001-2012), and $445,520 from Stand Together Fellowships (2015 and 2020).
Koch Wiki
Charles Koch is the right-wing billionaire owner of Koch Industries. As one of the richest people in the world, he is a key funder of the right-wing infrastructure, including the American Legislative Exchange Council (ALEC) and the State Policy Network (SPN). In SourceWatch, key articles on Charles Koch and his late brother David include: Koch Brothers, Americans for Prosperity, Stand Together Chamber of Commerce, Stand Together, Koch Family Foundations, Koch Universities, and I360.
Project 2025 [under construction]
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