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Sam Bankman-Fried does not recall
Former FTX CEO Sam Bankman-Fried told the Financial Times in 2001 that he didn’t “run away” with FTX’s money. This comes as the trial of Bankman-Fried over alleged role in the collapse of FTX continues. The trial has heard that Bankman-Fried tried to hide the extent of his role in the company’s demise by using…
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Musk proposed stepping down from his role as head of the social network
Tesla and SpaceX CEO Elon Musk will no longer be deposed by Twitter’s lawyers on Thursday morning after both sides agreed to a delay as they worked to close the $44 billion purchase of the social media network, Financial Times and Bloomberg reported. After taking over Twitter in June, Musk dissolved Twitter’s board and its…
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The goal was to deflate the carbon bomb
The world’s five largest oil and gas firms handed over $100 billion to shareholders in 2022, a new record, according to a study by the Financial Times. The companies, including ExxonMobil, Chevron and Royal Dutch Shell, are the world’s biggest private sector oil and gas companies. The firms spent 40% of their profits on renewable…