Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairmanThe U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months for the company. The SEC alleged in a lawsuit on Thursday that the tweets about financing for a go-private plan he abandoned just weeks later had no basis in fact, and said the market chaos that ensued hurt investors. Musk is now required to step down as chairman of Tesla within 45 days, and he is not permitted to be re-elected to the post for three years.


Source: Yahoo! News

Elon Musk to resign as chair of Tesla board but remain CEO

Elon Musk to resign as chair of Tesla board but remain CEOElon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla’s chairman of the board and pay a $20 million fine but stay on as CEO, US securities regulators said Saturday. The agreement eases pressure on Tesla’s embattled CEO, who faced potentially being barred from serving as an officer or board member of a publicly traded company as a result of the charges, which stemmed from a tweet by Musk about taking the company private. “The settlements, which are subject to court approval, will result in comprehensive corporate governance and other reforms at Tesla — including Musk’s removal as chairman of the Tesla board — and the payment by Musk and Tesla of financial penalties” of $20 million each, the Securities and Exchange Commission said in a statement.


Source: Yahoo! News

Elon Musk to resign as chair of Tesla board, fined $20 mn: SEC

Elon Musk to resign as chair of Tesla board, fined $20 mn: SECElon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla’s chairman of the board and pay a $20 million fine, US securities regulators said Saturday. Musk — who will remain CEO of Tesla — will be ineligible to serve as chairman of the board for a period of three years and will be replaced by an “independent chairman,” while two “independent directors” will also be appointed by Tesla, the SEC said.


Source: Yahoo! News

Resign, fire or stay? Rosenstein is the latest contestant in Trump's favorite game.

  1. Resign, fire or stay? Rosenstein is the latest contestant in Trump’s favorite game.  Washington Post
  2. Trump Considers Keeping Rosenstein On, Advisers Say  Wall Street Journal
  3. If Rosenstein Is Fired, His Departure Would Impact Mueller Probe  NPR
  4. How Deputy Attorney General Rod Rosenstein became one of the most-watched officials in Washington  Business Insider UK
  5. Within hours the futures of Kavanaugh and Rosenstein will be decided – and with it the fate of their president  The Independent
  6. Full coverage


Source: Google News

Instagram Co-Founders Resign from Facebook Amid Rumors of Clashes with Mark Zuckerberg

  1. Instagram Co-Founders Resign from Facebook Amid Rumors of Clashes with Mark Zuckerberg  PEOPLE.com
  2. Instagram’s Founders Head for the Exits, Leaving Mark Zuckerberg in Total Control  Vanity Fair
  3. With Instagram’s Founders Out, Welcome to Facebook Inc.  The Atlantic
  4. Facebook on Twitter: “1/2: A message from our CEO Mark Zuckerberg: “Kevin and Mike are extraordinary product …  Twitter
  5. Instagram’s Co-Founders to Step Down From Company  New York Times
  6. Full coverage


Source: Google News

Instagram's Co-Founders Resign

  1. Instagram’s Co-Founders Resign  PCMag
  2. With Instagram’s Founders Out, Welcome to Facebook, Inc  The Atlantic
  3. Instagram co-founders leave Facebook, hint that they will create an all-new app  9to5Mac
  4. Instagram’s Co-Founders to Step Down From Company  New York Times
  5. Why Instagram’s founders are resigning: independence from Facebook weakened  TechCrunch
  6. Full coverage


Source: Google News -Technology

Instagram's Cofounders Resign Amid Turbulence At Facebook

  1. Instagram’s Cofounders Resign Amid Turbulence At Facebook  Forbes
  2. Instagram Co-Founders to Step Down From Facebook  Wall Street Journal (blog)
  3. Instagram Founders Are Latest to Depart Facebook Amid Rumors of Conflict With Mark Zuckerberg  Inc.com
  4. Instagram’s Co-Founders to Step Down From Company  New York Times
  5. Instagram founders resign six years after $1bn Facebook sale  Telegraph.co.uk
  6. Full coverage


Source: Google News

FEMA Chief Says He Wasn't Asked to Resign Over Vehicle Use

  1. FEMA Chief Says He Wasn’t Asked to Resign Over Vehicle Use  Wall Street Journal
  2. FEMA administrator says he won’t resign over investigation into his use of government vehicles  USA TODAY
  3. Trump’s FEMA chief under investigation over use of official cars  Politico
  4. Transcript: FEMA Administrator Brock Long on “Face the Nation,” September 16, 2018  CBS News
  5. Full coverage


Source: Google News

Google Employees Resign In Protest Of Project Dragonfly, A Censored Search Engine For China

  1. Google Employees Resign In Protest Of Project Dragonfly, A Censored Search Engine For China  Tech Times
  2. Google’s Dragonfly prototype links user’s phone number to search history  WeForNews (satire) (press release) (blog)
  3. Google’s China plan spurs inquiry from US lawmakers  ClickLancashire
  4. Google China Prototype Links Searches to Phone Numbers  The Intercept
  5. Full coverage


Source: Google News -Technology

CBS Chief Leslie Moonves Expected to Resign

  1. CBS Chief Leslie Moonves Expected to Resign  Wall Street Journal
  2. Reports: CBS chief Leslie Moonves to step down after damning new sexual misconduct claims  USA TODAY
  3. CBS CEO Les Moonves to step down amid sexual misconduct allegations  Fox News
  4. Les Moonves is about to leave CBS, sources say  CNNMoney
  5. CBS head Les Moonves faces new sexual assault accusations from six more women, report says  Washington Post
  6. Full coverage


Source: Google News

Pope should not resign, but church abuse tribunal needed: Bannon

Pope should not resign, but church abuse tribunal needed: BannonIn a statement that stunned the church, Archbishop Carlo Maria Vigano said last month that Pope Francis should stand down for allegedly covering up for a former U.S. cardinal who was accused of sexually molesting children and adult seminarians. Some media saw the hands of fierce conservative critics of Francis behind the unprecedented attack on a living pope, including U.S. Cardinal Raymond Burke, who is close to Bannon. You don’t just sit there and say ‘I think you should resign’,” said Bannon during a visit to Rome.


Source: Yahoo! News

Tesla's shares drop after execs resign, video of Musk smoking weed circulates

  1. Tesla’s shares drop after execs resign, video of Musk smoking weed circulates  Washington Post
  2. Elon Musk Appears to Smoke Marijuana on Camera in Lengthy Interview  Wall Street Journal
  3. Elon Musk apparently smoked marijuana in live podcast appearance with Joe Rogan  USA TODAY
  4. Elon Musk talks Neuralink, electric airplanes, smokes weed with Joe Rogan  Mashable
  5. Full coverage


Source: Google News

Tesla stock tanks more than 9% after top executives resign and Elon Musk smokes weed on video

  1. Tesla stock tanks more than 9% after top executives resign and Elon Musk smokes weed on video  CNBC
  2. Tesla Erupts in Chaos After Senior Execs Leave, Musk Tokes Up  Bloomberg
  3. Tesla in turmoil: Executives bail and stock plunges  CNNMoney
  4. Elon Musk apparently smoked marijuana in live podcast appearance with Joe Rogan  USA TODAY
  5. Full coverage


Source: Google News