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“Elon Musk names ‘unresolved’ obstacles to Twitter deal closure” Billionaire Elon Musk said Tuesday that he still sees three “unresolved matters” impeding the closure of his $44 billion Twitter takeover agreement. Progress on Musk’s negotiations with Twitter’s board has stalled since mid-May, when the billionaire declared the deal was “temporarily on hold” while he assessed…
“Some Twitter workers have ‘Musk Derangement Syndrome,’ employee says” Elon Musk’s all-hands meeting with Twitter employees on Thursday reportedly failed to convince some workers who remain fiercely opposed to the billionaire’s $44 billion takeover, according to an engineer who attended the gathering. The Twitter engineer, who spoke on condition of anonymity, said Musk’s remarks on…
“CEO pay jumps more than 15% as post-pandemic bonuses surge” Compensation for chief executives jumped 15.7% last year — driven mainly by huge bonus payouts as corporations recovered from the pandemic, according to a new study. The survey from advisory firm Willis Towers Watson found CEO salaries increased 2% in 2021, but bonuses were on…
“Coinbase CEO urges unhappy workers to quit, slams petition” Coinbase boss Brian Armstrong is urging disgruntled employees to quit the company after an anonymous online petition called for several key executives at the embattled cryptocurrency firm to be removed from their posts. Armstrong unleashed a tweetstorm in response to a viral petition dubbed “Operation Revive COIN.”…
“New Era Cap CEO Christopher Koch charged after parking lot altercation” New Era Cap CEO Christopher Koch was arraigned on a felony charge Monday after allegedly driving his vehicle toward a man during an argument, forcing him to jump out of the way to avoid being hit. Koch, 61, was released without bail after appearing…
“Carnival replaces CEO Arnold Donald with Josh Weinstein” Carnival Corp., the world’s largest cruise company, on Tuesday said Josh Weinstein, its chief operations officer, would become the next chief executive, taking over the role from Arnold Donald. Donald, 67, has been CEO of Carnival for nine years and had led the company to post a record profit in 2018…
“As Disney flails, Hollywood weighs a possible Bob Iger comeback” Last month, while Disney CEO Bob Chapek was grappling with the fallout from his fumbling response to Florida’s “Don’t Say Gay” law, his predecessor, Bob Iger, was racing around the Caribbean in the Aquarius, a 184-foot superyacht. “Looks like Bob has a lot of confidence…
“Jack Dorsey rips Twitter board over ‘dysfunction’ in Elon Musk battle” Twitter’s founder and former top boss Jack Dorsey slammed the company’s board of directors on Sunday – even as the embattled executives are locked in a dispute over whether to accept billionaire Elon Musk’s $43 billion offer to buy the social media platform. Dorsey…
“Mark Zuckerberg’s security cost Meta $27M in 2021” Facebook parent Meta spent a fortune on efforts to keep its top boss Mark Zuckerberg and his family safe in 2021 – with security expenses that dwarfed those of other top executives in the tech sector. Meta earmarked nearly $27 million for what it described as an…
“Better.com CEO Vishal Garg said $200M wasted on over-hiring” Fresh details have emerged about Better.com CEO Vishal Garg’s infamous firing of 900 employees on a Zoom call last December — with a leaked video revealing the brash boss told the startup’s remaining workers that he should have done it sooner. Garg gave a dire forecast…