Fluid Truck, a startup that was founded to disrupt the commercial vehicle rental industry, has ousted its sibling co-founders – CEO James Eberhard and chief legal counsel Jenifer Snyder – according to sources familiar with the matter. The shakeup, which employees have described as a hostile takeover, was led by two minority investors on the […]
Lordstown Motors’ ousted CEO settles with SEC for misleading investors
Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Exchange Commission over misleading investors about demand for the company’s flagship all-electric Endurance pickup truck. Burns was ordered to pay a civil fine of $ 175,000 and cannot serve as an officer or director […]
AFC Asks Ousted AIFF Legal Head To Submit Evidence Of Corruption Charges Against Kalyan Chaubey
The Asian Football Confederation (AFC) has asked the AIFF’s ousted legal head, Nilanjan Bhattacharjee, to submit evidence for the allegations of corruption he has levelled against national federation head Kalyan Chaubey, calling it a serious matter. AIFF president Chaubey on March 6 served a legal notice to the organisation’s former principal legal advisor Bhattacharjee for […]
Byju’s founder, ousted by shareholders, says rumors of his firing ‘greatly exaggerated’
Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing have been “greatly exaggerated,” a day after a shareholder group voted to remove him at an emergency general meeting. In a 758-word letter, content of […]