Elon Musk no longer joining Twitter's board of directors
San Francisco (AP): Tesla CEO Elon Musk won't be joining Twitter's board of directors as previously announced. The tempestuous billionaire remains Twitter's largest shareholder.
Twitter CEO Parag Agrawal tweeted the news, which followed a weekend of Musk tweets suggesting possible changes to Twitter, including making the site ad-free. Nearly 90% of Twitter's 2021 revenue came from ads.
Elon's appointment to the board was to become officially effective on 4/9, but Elon shared that same morning that he would not be joining the board, Agrawal wrote in a reposted note originally sent to Tesla employees. I believe this is for the best.
Agrawal didn't offer an explanation for Musk's apparent decision, although he dropped one major hint. The Twitter board believed having Elon as a fiduciary of the company, where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward," he wrote.
At 9:30 p.m., Musk tweeted an emoji of a face with round eyes and a hand over its mouth. The symbol is often used to suggest embarrassment or coy laughter, sometimes with a connotation of Oops! It was not clear what Musk meant by the tweet, and he didn't elaborate on it.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
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TCS orders probe, engages external experts in Nashik Case
Mumbai: Tata Consultancy Services on Friday said it has initiated a formal internal investigation into allegations linked to its Nashik unit and engaged independent external experts to ensure transparency in the process.
Chief Executive Officer and Managing Director K Krithivasan was quoted by The Observer Post as saying that the company has appointed Deloitte and Trilegal as independent counsel to support the probe. The internal investigation is being led by Aarthi Subramanian.
The company has constituted a supervisory committee chaired by independent director Keki Mistry, which will oversee the process. The committee will also review findings and monitor the implementation of recommendations.
Krithivasan said a preliminary review of the company’s internal systems and records had not revealed any complaints of the nature being alleged through its ethics or POSH channels.
He also clarified that an employee named in media reports, Nida Khan, was not part of the human resources function and did not hold any leadership role. He informed that she worked as a process associate.
The company has also rejected reports suggesting that operations at the Nashik facility had been suspended. It asserted that the unit continues to function without disruption with a zero-tolerance policy towards misconduct.
