Multitasking Might have You Lose Your Post as a CEO

Dorsey, CEO of twitter has always been a target for activist investor as he serves as a Chief Executing Officer to two companies at a same time. He serves to twitter as well as square Inc. Though it seems, Dorsey isn't a target of activist investors only as In December, Scott Galloway, a professor of marketing at New York University’s Stern School of Business, penned a letter about his own concerns as an investor in the company. In an open letter he clearly stated that his primary objective is replacement of CEO Jack Dorsey.This angst against Dorsey hasn't mounted overnight. Dorsey's leadership arrangement is unusual compared with other executives of public companies. While other tech executives run multiple companies, like Tesla's Elon Musk, Dorsey is the only CEO of two public companies with market valuations of more than $5 billion. More to it, his plans to move to Africa aren't pleasing Elliot Management either. Since Dorsey returned as CEO in July 2015, the company’s shares have fallen 6.2%, while Facebook’s have gained more than 121% during that time.

With falling stocks, it's hard for investors to believe in the direction, Dorsey is planning to move the company towards. Michael Levine, an analyst at Pivotal Research Group, wrote in a note Monday that he sees a "high" chance of success for Elliott in seeking to replace Dorsey and obtaining four board seats, as Bloomberg reported. Levine said he'd like to see "more strength on the operating front" by hiring a dedicated COO at Twitter.

Shares of Twitter spiked more than 8% Monday following a late-Friday report that an activist investor is pushing to replace CEO Jack Dorsey. The rally, which added more than $2 billion to Twitter's market value and brought it to over $28 billion, came as the overall market recovered slightly from its fall last week on coronavirus-related concerns.

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Past makes present: Elon Musk 's anti union tweet

Who would have thought that a tweet made in 2018 will cause hassle in someone’s life in 2021. We are talking about none other than Mr. Elon Musk, CEO of Tesla, Inc. He needs no introduction but more than him, his tweets are famous. Elon Musk has been seen tweeting sharp and blunt statements very often but this time he faced serious repercussions as well. Swami Vivekananda rightly said that the present is determined by past actions. It all started in 2018 when Elon musk is his tweet, wrote: “Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare.” This tweet came in the limelight in 2021 when National Labor Relations Board found it oppressive and threatening. As per NLRB the tweet by Mr. Elon Musk was unlawfully threatening the employees with the loss of stock options if they decided ...

Russia’s Melting Snow May Cost the World Economy 2 Billion Dollars

The impact of climate change on a vast permafrost area of Russia has become a principal apprehension for the country. This is primarily due to thawing of once permanently frozen ground which covers more than half of Russia. The liquefication of snow is putting buildings, pipelines and other infrastructure in peril. This problem needs to be addressed imperatively because the scale of damage will escalate every year. Rising temperatures are the epicentre of anxiety for mining, oil and gas companies. The permafrost area accounts for 15% of Russia’s oil and 80% of its gas operations. It is also home to miners including MMC Norilsk Nickel PJSC, the biggest refined nickel and palladium producer. Multiple new craters have been found in the gas-rich Yamal region, which is a risk to pipelines. By 2050, global warming may jeopardise about a fifth of structures and infrastructure across the permafrost area, costing about $84 billion. Residential real estate, worth $53 billion, might be als...

Changing Environment For Local Business In Sri Lanka; Government Initiates The Revolution

Local industries and businesses are the backbone of the economy of any country. Additionally, Sri Lankan Government defines a local company as one with a minimum ownership of 51% of a Sri Lankan. To help these companies grow, the Sri Lankan Finance Ministry has proclaimed a circular enlisting the priorities to the local companies. Moreover, this move from the government may bring some salient alterations in the condition of the local manufacturers. The government has also come with up steps that will augment the local industries across the different domains. These domains include IT sector, construction, etc. The circular, as issued by the government includes relevant documentation regarding sourcing of resources and products. Additionally, sources point towards the fact that the government is hoping to extend support to the domestic sector and help them grow. Besides, the major focus is on the three sectors- IT software and hardware, construction and furniture and allied products. Pos...

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