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☆ Argentine Vice President Cristina Fernández convicted, sentenced in $1B fraud case
  + stars: | 2022-12-07 | by ( The Associated Press | ) www.nbcnews.com   time to read: +5 min
BUENOS AIRES, Argentina— Argentine Vice President Cristina Fernández was convicted and sentenced Tuesday to six years in prison and a lifetime ban from holding public office for a fraud scheme that embezzled $1 billion through public works projects during her presidency. It was the first time an Argentine vice president has been convicted of a crime while in office. Argentina’s dominant leader this century, she was accused of improperly granting public works contracts to a construction magnate closely tied to her family. The panel also sentenced Báez and her public works secretary, José López, to six years. Fernández remains the singular leader of the leftist faction of the Peronist movement.
☆ Elon Musk says CEOs should tweet more, but his tweets have been a double-edged sword
  + stars: | 2022-11-14 | by ( Grace Kay | ) www.businessinsider.com   time to read: +5 min
Elon Musk told CEOs on Wednesday to tweet more as it has "worked quite well" for him. But, experts say posting on social media can cause major issues for executives and their brands. Ultimately, legal experts say posting on social media is too risky for most CEOs. Executives' comments on social media could also fail to translate to younger generations with different values and worldviews, said Anat Alon-Beck, a business law professor at Case Western Reserve University. So while Musk may have built up a huge following with his off-the-cusp tweets and jokes, for most CEOs, the risks of tweeting are likely too great.
☆ The clock is ticking for Elon Musk to buy Twitter — and he's running out of time
  + stars: | 2022-10-25 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
ET to close his deal with Twitter or a trial date will be set. If Musk becomes Twitter's new owner, Twitter will undergo a chapter of major change and likely layoffs. When Musk initially filed to end the court case and buy the company at the original price, Twitter appeared wary of the billionaire's intentions. The company has said it will not close the deal until Musk can prove he has funding in place. Last week, The Washington Post reported that Musk planned to cut about 75% of the company's staff.
☆ Elon Musk's trove of private text messages is a bad look for him — and another win for Twitter, experts say
  + stars: | 2022-09-30 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
Hundreds of Elon Musk's texts could work against him in his court battle with Twitter, experts say. The messages appear to show Musk was aware of issues with bots ahead of offering to buy the company. The hundreds of texts between Musk and some of Silicon Valley's most powerful players offer fresh insight into Musk's plans for Twitter. But Musk's private texts appear to tell a story that is "in tension with his lead argument," Schettenhelm told Insider. "Purging fake users will make the numbers look terrible, so restructuring should be done as a private company," he texted Taylor, according to the cache of documents released Thursday.
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