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☆ BBC president says there is a lot of anxiety about AI in UK workforce
▼ + stars: | 2024-06-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a lot of anxiety about AI in the UK workforce, BCC president saysBaroness Martha Lane Fox, president of the British Chambers of Commerce, discusses the current state of the British workforce.

Persons: Martha Lane Fox Organizations: British Chambers of Commerce Locations: British

☆ Twitter was hit with a massive $90 million legal fee that Elon Musk is now trying to fight in court. A former Twitter director saw the bill and responded, 'O My Freaking God,' court documents show.
▼ + stars: | 2023-07-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Twitter previously hired a law firm to force Elon Musk to complete the buyout of the company. The law firm, Wachtell, Lipton, Rosen & Katz, hit Twitter with a $90 million bill for its services. According to the suit, $84 million was wired to the law firm minutes before the deal closed. On Twitter, Musk accused Wachtell of specializing "in institutionalized corruption." Since he acquired the company, Musk has refused to pay expenses for some former employees, rent for the company's offices, and, previously, invoices for Google Cloud services.

Persons: Elon Musk, Wachtell, Lipton, Katz, Musk, Martha Lane Fox, Sean Edgett, Lane Fox Organizations: Twitter, Rosen, X Corp, Elon, San, Google Locations: San Francisco County

The complaint by Musk's X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout closed, huge "success" fees doled out by departing Twitter executives who were grateful that Musk would be forced to close. "Wachtell arranged to effectively line its pockets with funds from the company cash register while the keys were being handed over" to Musk, the complaint said. Musk wants to recoup "excess" fees that Wachtell charged under an agreement signed on the day of closing by one of its partners and Twitter's chief legal officer Vijaya Gadde. The case is X Corp v Wachtell, Lipton, Rosen & Katz, California Superior Court, County of San Francisco, No.

Persons: Elon Musk, Wachtell, Lipton, Katz, Musk, Vijaya Gadde, Martha Lane Fox, Sean Edgett, Mark Zuckerberg's, Carl Icahn, Icahn, Jonathan Stempel, Marguerita Choy Organizations: Rosen, Twitter, Musk's X Corp, California Superior Court, Tesla Inc, SpaceX, Fox, CVR Energy, X Corp, Thomson Locations: California, San Francisco, Delaware, Katz , California, Court, County, New York

☆ Elon Musk, who runs four other companies, will now be Twitter CEO
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company, fired Twitter's previous chief, Parag Agrawal, and other top company officials last week. Musk had previously changed his Twitter bio to "Chief Twit" in an allusion to his planned move. Twitter on Monday declined comment on how long Musk might remain CEO or appoint someone else. In another filing on Monday, Musk revealed that he became the sole director of Twitter as a result of the takeover. Last week, Musk's takeover of the social media company for $44 billion concluded a months-long saga.

☆ Elon Musk has dissolved Twitter's 9-person board of directors and become its sole director
▼ + stars: | 2022-10-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Elon Musk has scrapped Twitter's board of directors. Musk had himself tried to join Twitter's board in the spring before clashing with then-CEO Parag Agrawal. When first outlining his plans for his ownership of Twitter, Musk said he would need to take the company private to make his desired changes. The same evening, Musk also ousted CFO Ned Segal, chief legal officer Vijaya Gadde, and general counsel Sean Edgett, sources told Insider. Musk had himself been set to join Twitter's board before he offered to buy the company, but u-turned after clashing with Agrawal over text.

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