• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

2

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

3

Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game

1

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

2

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

3

Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
SuccessSocial Media

Has Elon Musk set his new CEO up for a catastrophic failure?

By
Chloe Berger
Chloe Berger
Down Arrow Button Icon
By
Chloe Berger
Chloe Berger
Down Arrow Button Icon
May 12, 2023, 5:09 PM ET
As Linda Yaccarino is named new CEO of Twitter, she inherits not just a position of power but also a glass cliff situation.
As Linda Yaccarino is named new CEO of Twitter, she inherits not just a position of power but also a glass cliff situation.Isaac Brekken—Variety/Penske Media/Getty Images
Add Fortune on Google for similar content.

And just like that, Elon Musk’s tenure as Twitter CEO is ending—and a highly qualified woman executive is coming in to replace him. But since it has become an increasingly glitchy and alt-right-friendly platform, the reins of Twitter may well be more of a white-elephant situation than a generous gift to Linda Yaccarino, the ad chief joining from NBCUniversal. Even so, it’s not remotely the first brush with the dreaded “glass cliff” for a female executive.

Recommended Video

The phenomenon of the “glass cliff” is when a woman or someone from a marginalized group inherits a position of power during a crisis or period of downturn. While it’s a promotion in theory, the odds are already stacked against them and they’re not likely to thrive in said difficult situation. 

“It’s more likely for women to be given leadership opportunities when the situation is risky and imperiled than when the situation is stable,” Jo-Ellen Pozner, associate professor of management at the Leavey School of Business at Santa Clara University, tells Fortune.

“This is a classic glass cliff situation, in which a failing company hires a woman to clean up messes made by arrogant men,” tweeted influential digital media advisor Heidi N. Moore. “Then she becomes the scapegoat because it’s impossible to clean up.”

What a year it was

After roughly a year of heading Twitter, Musk has had his fun: carrying a sink into the San Francisco headquarters, un-verifying Twitter celebs and news platforms (often before immediately re-verifying them), and sacking rounds of employees—far more than half of Twitter’s former headcount. But since Musk bid $54.20 per share for Twitter just over a year ago, it has become clear why he needs a new CEO so badly. 

Artificial intelligence has taken the world by storm, especially OpenAI (which Musk cofounded) and its ChatGPT product, as Twitter has declined in value by so much that Musk is admitting he overpaid by more than $20 billion. Furthermore, the Tesla and SpaceX CEO has restive shareholders, with the market wiping out $13 billion from his fortune a few weeks ago, on the day after disappointing earnings from the carmaker and a literal explosion from the rocket maker.

Tweeting that he will continue to focus on “product design & new technology,” Musk claims that Yaccarino’s work will be centered around mostly business operations. Noting how Musk is keeping himself on in a digital capacity, Moore predicts a Looney Tunes type of scenario where the two end up chasing each other around. Pozner said she thinks there’s little any executive could do to reassure advertisers that Twitter is a safe space for their brands right now. “I just don’t see how his continued involvement in the organization in any meaningful way on a day-to-day basis is going to allow any new CEO the space to thrive,” she notes. Media analyst Brian Wieser was more cutting, telling the FT that Yaccarino is in a “very high beta situation.”

A long way down

A play on the infamous glass ceiling that limits women’s advancement in the workplace, the glass cliff represents a door of opportunity being left a crack open, but with a tightrope just beyond it and a long potential fall. Before Bed Bath & Beyond was shuttered, Sue Gove was appointed to lead the struggling company, and in 2019, Heyward Donigan took the helm at Rite Aid in a year when it had lost half its market cap. Fortune’s L’Oreal Thompson Payton has described a particularly treacherous cliff for Black women, who are often offered untenable leadership roles, from Refinery29 to Simon & Schuster.

In politics, women are more likely to be put forward as candidates in “very dangerous, close races,” while men usually run for safe seats, Pozner said. Or consider the longtime Google executive Marissa Mayer taking over at Yahoo when it was facing a steep uphill climb. Mayer lasted in the job for about five years until effecting a $4.8 billion merger with Verizon (at a fraction of its former value), and recently admitted that she should have acquired Netflix for $4 billion instead of Tumblr for $1.1 billion. “It’s easy then to blame women when things don’t go well and to make attributions based on gender,” Pozner says, “even though the position that those women are put in is riskier, independent of them or anything that they do or say.”

Pozner agreed that Twitter feels like a glass cliff situation. “Musk has created a very hectic, chaotic situation at Twitter,” Pozner says, adding that he is putting the blame for Twitter’s failures on advertisers dropping out rather than acknowledging how his actions (for example, gutting content moderation and his own questionable retweets) have created this situation of uncertainty. 

Of course, not every woman who ascends to the top must trade off power for a glass cliff situation. For instance, Citigroup CEO Jane Fraser came to power with a little bit of a turnaround effort on her hands, but she’s still ensconced at one of Wall Street’s mightiest banks. And to be fair, it’s not a given that Yaccarino is doomed. But the fact that she has to play pickup in the first place is indicative of how many women leaders have little room for error. 

There’s scant research to explain why executives turn mostly to women to pick up the slack in times of crisis, but Pozner hypothesizes that it’s in part because appointing a woman looks good to external stakeholders, and also there’s an idea that women appear to be “more sensitive, more level-headed.”

But there’s of course a darker side: “the sense that if things go wrong, ‘Oh well, the woman or the underrepresented minority is going to take the blame. And so the rest of us are safe.’ It doesn’t impugn a whole group, or it doesn’t impugn the group that’s already in power if something goes south.” It’s also easier to scapegoat a person who is new and not part of the social network, she adds. Women might still take the job, given that it might be the only opportunity for a leadership role that comes their way. After all, progress at the top level is still going at an ant’s pace, as this year women CEOs ran 10% of Fortune 500 companies—and that was a historic first, up from years of women leaders being stuck on 8%. 

“In the end, it doesn’t matter that this is a woman; nobody is going to be able to make this work,” says Pozner. “It’s convenient for the patriarchy that it’s a woman. But it’s not going to fail to work because she’s a woman—it’s going to fail to work and she’s a woman.” 

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Chloe Berger
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Success

Eddie Smith Jr driving a boat
SuccessWealth
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
By Preston ForeJuly 29, 2026
12 hours ago
Bernard Arnault, CEO of LVMH
SuccessPersonal Finance
LVMH CEO Bernard Arnault reveals he owned nearly 20% of Netflix, but cashed out too early—his stake could be worth up to $60 billion today
By Emma BurleighJuly 29, 2026
12 hours ago
Millionaires are leaving the U.K. in droves thanks to tax hikes—but the CEO of $1 billion tax platform says it’s their ‘social responsibility’ to stay
SuccessWealth
Millionaires are leaving the U.K. in droves thanks to tax hikes—but the CEO of $1 billion tax platform says it’s their ‘social responsibility’ to stay
By Orianna Rosa RoyleJuly 29, 2026
13 hours ago
Nnamdi Iregbulem is a partner at Lightspeed Venture Partners
CommentaryVenture Capital
Button-mashing never worked in StarCraft. Tokenmaxxing won’t work in AI
By Nnamdi IregbulemJuly 29, 2026
15 hours ago
Jamie Dimon says his stockbroker father taught him to invest with a ‘brutally hard’ childhood game
C-SuiteJamie Dimon
Jamie Dimon says his stockbroker father taught him to invest with a ‘brutally hard’ childhood game
By Sarah GlodekJuly 29, 2026
21 hours ago
Gen Z workers are sneaking out of the office to nap and cry—anywhere secluded away from the desk will do, including Zara’s fitting room
SuccessGen Z
Gen Z workers are sneaking out of the office to nap and cry—anywhere secluded away from the desk will do, including Zara’s fitting room
By Orianna Rosa RoyleJuly 29, 2026
21 hours ago

Most Popular

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
Success
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
By Preston ForeJuly 29, 2026
12 hours ago
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
Retail
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
By Sydney LakeJuly 29, 2026
13 hours ago
Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
C-Suite
Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
By Sarah GlodekJuly 29, 2026
21 hours ago
eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
Law
eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
By The Associated Press and Leah WillinghamJuly 28, 2026
1 day ago
Current price of oil as of July 29, 2026
Personal Finance
Current price of oil as of July 29, 2026
By Joseph HostetlerJuly 29, 2026
19 hours ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
5 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.