John Ray III said the trading firm was poorly regulated in the Bahamas, where the company is headquartered. He also criticized the poor management style of his predecessor, Sam Bankman-Fried.
Elon Musk said afterwards in a tweet that the arrangement is only temporary. It is unclear if or when he will name a new board.
4 Sep 2022
Porsche CEO Oliver Blume has begun his dual role as the head of Volkswagen. Blume is taking over at a sensitive time for the German carmaker, as it tries to pull off a shift to electric vehicles.
23 Jul 2022
Diess will be succeeded in his role by Porsche boss Oliver Blume, according to the carmaker.
5 May 2022
Tesla CEO, Elon Musk recently acquired Twitter after the board agreed to the takeover bid by the Billionaire, marking a dramatic reversal of its earlier hesitation to accept the offer. Musk reportedly paid $54.20 (€50.8) per share in cash, or $44 billion, to take a 38% stake in the messaging platform. The takeover has however been welcomed with mixed feelings with many expressing fears that Musk may alter the way the platform operates.
23 Apr 2022
Gbenga Agboola, Flutterwave CEO has responded to the allegations of sexual assault and fraud he is accused of by the West Africa Weekly newsletter.
12 Apr 2022
Tesla CEO Elon Musk will not be joining the board of directors at Twitter as announced last week. Musk remains Twitter's largest shareholder.
16 Feb 2022
The CEO of Kenya Airways Allan Kilavuka gives an update on efforts to turn around the airline's operations, which have been severely constrained by COVID-19 and a financial crisis that predates the pandemic.
3 Dec 2021
This week, Twitter co-founder Jack Dorsey announced he was stepping down as CEO, and named Parag Agrawal, the company's chief technology officer, as his replacement. Agrawal has played a key role in driving the "re-acceleration" of Twitter's growth and helped oversee its fledgling cryptocurrency initiatives and machine learning efforts, a possible nod to why the Indian-American may have been the top choice for the CEO position.
30 Nov 2021
Twitter co-founder Jack Dorsey is stepping down as chief executive of the company. He will be replaced by the current chief technical officer, Parag Agrawal, Twitter said. Mr Dorsey, who co-founded Twitter in 2006, has been serving as chief executive of both Twitter and payment firm Square.
13 Nov 2021
Former Danone CEO Emmanuel Faber has just attended the COP26 climate summit in Glasgow. Now a partner at the impact investor Astanor Ventures, he has long called for the private sector to play a greater role in the fight against climate change. "No one has stepped up enough at this stage. But people and companies are moving," he told FRANCE 24's Kate Moody.
24 Oct 2021
The head of the Fairtrade Foundation says consumers, businesses and governments need a ‘reality check’ on the situation facing farmers in developing countries. CEO Michael Gidney speaks to FRANCE 24 ahead of the COP26 climate conference, where Fairtrade will be bringing a pledge for businesses. In this pledge, companies will promise to invest in more sustainable supply chains and provide guaranteed prices to farmers.