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        <title><![CDATA[Elon Musk is so beloved by Time Magazine's owner that he has a financial stake in SpaceX]]></title>
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            <media:title type="html">Elon Musk is so beloved by Time Magazine's owner that he has a financial stake in SpaceX</media:title>
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        <content:encoded><![CDATA[<p class="sc-77igqf-0 bOfvBY">As you may have heard, Time magazine named Elon Musk its "Person of the Year" on Monday. The description portrays Musk as a dreamer and a crazy genius with a prickly disposition, more akin to Steve Jobs than Jeff Bezos, celebrating his long-shot objectives and successes before mentioning &mdash; surprise, surprise &mdash; that he's not a nice guy about a third of the way down.</p>
<p class="sc-77igqf-0 bOfvBY">Near the end of the story, it is revealed that Time's owners, Marc and Lynne Benioff, are investors in one of Musk's firms, SpaceX. <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://www.cnbc.com/2021/06/07/marc-benioff-reveals-investments-in-spacex-planet-labs-swarm-.html" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://www.cnbc.com/2021/06/07/marc-benioff-reveals-investments-in-spacex-planet-labs-swarm-.html&quot;,{&quot;metric25&quot;:1}]]">Marc Benioff revealed the investment in June</a>, and in the months since he hasn&rsquo;t shied away from <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://twitter.com/Benioff/status/1439367819381014537?s=20" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://twitter.com/Benioff/status/1439367819381014537?s=20&quot;,{&quot;metric25&quot;:1}]]">sending Musk love</a> on social media and calling him a visionary leader in the press.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">&amp; Congratulations <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> &amp; <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a>! The light of consciousness is lit brightly with our Heros of <a href="https://twitter.com/inspiration4x?ref_src=twsrc%5Etfw">@inspiration4x</a>! ❤️ <a href="https://t.co/rwxAQqOBTK">pic.twitter.com/rwxAQqOBTK</a></p>
&mdash; Marc Benioff (@Benioff) <a href="https://twitter.com/Benioff/status/1439367819381014537?ref_src=twsrc%5Etfw">September 18, 2021</a></blockquote>
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<p>(Speaking of Netflix, Benioff is also a second cousin of <em>Game of Thrones</em> co-creator David Benioff, who&rsquo;s working on a whole bunch of Netflix projects these days. But that&rsquo;s neither here nor there.)</p>
<p>It's not like Time or Benioff have been attempting to hide the connection, but I believe if my Media Ethics professor chimed in right now, he'd say the relationship should've been mentioned right at the start of the piece. Actually, he would have reflexively vomited at the thought of folks like Benioff and Bezos &ldquo;<a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://www.cnn.com/2019/07/09/perspectives/billionaires-publishing-journalism/index.html" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://www.cnn.com/2019/07/09/perspectives/billionaires-publishing-journalism/index.html&quot;,{&quot;metric25&quot;:1}]]">saving journalism</a>,&rdquo; then passed out from the fatigue.</p>
<p class="sc-77igqf-0 bOfvBY">The Benioffs &ldquo;have no involvement in TIME&rsquo;s editorial decisions,&rdquo; the disclaimer reads. Benioff, who is also CEO of Salesforce, has dabbled in penning articles for Time, like &ldquo;<a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://time.com/6093342/1-trillion-trees-climate-change/" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://time.com/6093342/1-trillion-trees-climate-change/&quot;,{&quot;metric25&quot;:1}]]">Yes, We Can Grow 1 Trillion Trees To Help Fight Climate Change</a>&rdquo; and &ldquo;<a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://time.com/6109886/colin-powell-marc-benioff/" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://time.com/6109886/colin-powell-marc-benioff/&quot;,{&quot;metric25&quot;:1}]]">What I Learned From Colin Powell</a>.&rdquo; At least in those cases, the disclaimer is right below his byline.</p>
<p class="sc-77igqf-0 bOfvBY">Benioff bought Time in September 2018, likening it to Bezos&rsquo; purchase of the Washington Post in 2013. A <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://www.nytimes.com/2018/09/16/business/dealbook/time-magazine-salesforce-marc-benioff.html" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://www.nytimes.com/2018/09/16/business/dealbook/time-magazine-salesforce-marc-benioff.html&quot;,{&quot;metric25&quot;:1}]]">New York Times story</a> about the Time acquisition upon its announcement stated Benioff&rsquo;s primary motivation was to &ldquo;preserve the title.&rdquo;</p>
<blockquote class="sc-8hxd3p-0 bkawEW" data-type="BlockQuote">
<p class="sc-77igqf-0 bOfvBY">Mr. Benioff said his decision to buy Time was motivated by a desire to preserve the title. He said he did not expect the magazine to reflect his own social or political views, which he is not shy about sharing. In 2015, for example, he threatened to reduce Salesforce&rsquo;s business in Indiana in protest of a state law that critics said discriminated against gay and transgender communities.</p>
<p class="sc-77igqf-0 bOfvBY">He has since taken a stand on the gender pay gap and recently spoken out on the problematic aspects of social media. Mr. Benioff has an affinity for Buddhism, attending meditation retreats and installing meditation rooms throughout the Salesforce Tower.</p>
<p class="sc-77igqf-0 bOfvBY">&ldquo;We don&rsquo;t plan to be operational or involved in editorial,&rdquo; he wrote in a text message. &ldquo;We are only stewards of a historic and iconic brand.&rdquo;</p>
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<p class="sc-77igqf-0 bOfvBY">Still, if Time was ever going to name Musk as Person of the Year, 2021 was arguably a good year to do it. The publication <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://time.com/person-of-the-year-2021-elon-musk-choice/" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://time.com/person-of-the-year-2021-elon-musk-choice/&quot;,{&quot;metric25&quot;:1}]]">defines the distinction</a> as &ldquo;the individual or group who most shaped the previous 12 months, for better or for worse.&rdquo; It continues:</p>
<blockquote class="sc-8hxd3p-0 bkawEW" data-type="BlockQuote">
<p class="sc-77igqf-0 bOfvBY">Person of the Year is a marker of influence, and few individuals have had more influence than Musk on life on Earth, and potentially life off Earth too. In 2021, Musk emerged not just as the world&rsquo;s richest person but also as perhaps the richest example of a <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://www.pewresearch.org/fact-tank/2021/07/28/americans-views-about-billionaires-have-grown-somewhat-more-negative-since-2020/" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://www.pewresearch.org/fact-tank/2021/07/28/americans-views-about-billionaires-have-grown-somewhat-more-negative-since-2020/&quot;,{&quot;metric25&quot;:1}]]">massive shift in our society</a>.</p>
</blockquote>
<p class="sc-77igqf-0 bOfvBY">A marker of influence, for better or worse. Well, influence is certainly what Musk has had, with stock prices rocketing and cascading at the whim of his <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://twitter.com/elonmusk/status/1465468742570229767" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://twitter.com/elonmusk/status/1465468742570229767&quot;,{&quot;metric25&quot;:1}]]">shit tweets</a>, in the same year he was named the <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://jalopnik.com/good-news-elon-musk-is-the-richest-person-on-earth-so-1846012920" data-ga="[[&quot;Embedded Url&quot;,&quot;Internal link&quot;,&quot;https://jalopnik.com/good-news-elon-musk-is-the-richest-person-on-earth-so-1846012920&quot;,{&quot;metric25&quot;:1}]]">world&rsquo;s richest person</a>, then <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://jalopnik.com/teslas-stock-is-down-and-elon-musk-isnt-the-worlds-rich-1846334500" data-ga="[[&quot;Embedded Url&quot;,&quot;Internal link&quot;,&quot;https://jalopnik.com/teslas-stock-is-down-and-elon-musk-isnt-the-worlds-rich-1846334500&quot;,{&quot;metric25&quot;:1}]]">lost the title</a>, then <a class="sc-1out364-0 hMndXN sc-145m8ut-0 cYiQhX js_link" href="https://www.forbes.com/sites/elizahaverstock/2021/10/26/elon-musk-nearing-300-billion-fortune-is-the-richest-person-in-history/?sh=118b7e631933" target="_blank" rel="noopener noreferrer" data-ga="[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https://www.forbes.com/sites/elizahaverstock/2021/10/26/elon-musk-nearing-300-billion-fortune-is-the-richest-person-in-history/?sh=118b7e631933&quot;,{&quot;metric25&quot;:1}]]">gained it back again</a>. In and of itself, I don't have a problem with the pick, but the tone of the accompanying profile is typically positive. When billionaires run media firms that place their wealthy friends and business interests on pedestals, things are certain to become nasty.</p><script async="" src="https://platform.twitter.com/widgets.js"></script>]]></content:encoded>
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