In an interview with Economy zonethe businessman, who lost his CA position, was a philosopher, quoting a former Chinese president.
It was Deng Xiaoping who said the famous phrase: “It’s too early to tell“. It’s too early to say. Time will do it right, and I want to remain optimistic.answered Mr. Pichette when Gérald Fillion asked him if he was worried about seeing Elon Musk at the head of Twitter.
Patrick Pichette fully assumes the sale to the billionaire. He pointed out that if Twitter eventually drops its decisions, new options could come quickly.
If Elon destroys the ethos of Twitter, the beauty of the internet, tomorrow morning you’ve got eight other platforms coming uphe said, smiling broadly.
Over the past few days, Elon Musk has announced a series of changes at Twitter, including laying off half of its workforce. He even mentioned the bankruptcy of the group, which caused a barrage of criticism against him.
A signal was so clear, he had to call people back, he made the mistake of dismissing them, when he needed them for critical operations. This proves that he does not control what really matters on Twitter.underlined Mr. Pichette in another interview with Patrice Roy.
He is looking for attention
In an exchange of emails with Radio-Canada, Patrick Pichette was even more acerbic with the billionaire. To the question:
What does Elon Musk want?the Quebecer has a simple answer.
A, [il cherche] attention and two, [il veut] go to the planet mars. After that, only he knows, and even then, is not surewrote the Quebecer.
Does he have a plan on Twitter? Will we witness real chaos in the coming months?
We will witness a wonderful experienceanswered Mr. Pichette.
But should we be concerned about the group’s financial health? Again, Google’s former chief financial officer wants to wait to have the complete picture before making a decision.
It’s too early and too much chaos to get a clear idea of the business model, and whether advertisers will return. So follow. Only time will answer this questionhe wrote in an email.
Mr. Pichette, however, continues to want the platform to survive, essential, according to him, for freedom of expression.
Because Twitter is a platform, it is the public place where marginalized groups, people who need protection, can express themselves freely. This is an absolutely unique and important platformhe said.
hands are tied
In a highly publicized waltz-hesitation, Elon Musk finally bought the blue bird for 44 billion US dollars in October, after a few months that resembled a true legend.
Throughout the process, Patrick Pichette believes that the board of directors is tied to the file and considers that a character like Mr. Musk can’t buy a Canadian company that easily.
In Canada, the board of directors has a fiduciary duty to the company and it must consider the interests of all parties. In the United States, it is not the samehe said.
When we started the debate, our lawyers reminded us, that a company in Delaware, only has “stakeholders“, the shareholder. […] Your hands are tied, you can’t say, “I’m going to reinvent the rules, because I feel like it”he says.
But he found that shareholders got their money’s worth.
I served my shareholdershe says.
Impeaching Trump isn’t that hard
Patrick Pichette also returned to a pivotal moment in Twitter history, when President Donald Trump was ousted from the platform after the attack on the Capitol on January 6, 2021.
Twitter’s rules are pretty simple. Anyone can go to the site and read them. And in Twitter’s rules, something says: you have no right to incite violencehe says.
” As a politician, it’s important in this space, that if you say incredible things, it’s important that people hear it. But if you break one of Twitter’s six rules, it’s pretty obvious. »
In this sense, Mr. Pichette insisted that the decision was not
very difficultbecause the president of America violated one of these rules.
The Kenauk Project
Earlier today, Patrick Pichette took part in a press conference at Château Montebello, in the Outaouais, to announce a series of measures aimed at protecting the Kenauk, a nature reserve that is considered a jewel that is almost completely protected from human action.
There are investments you make with your head and there are investments you make with your heart. Kenauk was actually secondhe said.
The Nature Conservancy of Canada and the Kenauk Institute will notably create a research laboratory, one of the largest of its kind in North America. Mr. Pichette launched a fundraising campaign to protect the territory 100%.
It is a territory so large that there are two packs of wolves. It’s huge where everything ishe says.
Mr. Pichette acquired the reserve for more than $43 million. He claims to have saved the reserve from a real estate project.