Disney’s Robert Iger May Find Second Time Isn’t Quite the Charm

Disney’s Robert Iger May Find Second Time Isn’t Quite the Charm

Robert Iger just got a $10.5 billion vote of confidence. He will need all of it.  That is how much Disney’s DIS 6.30% market value jumped by Monday’s closing bell on the surprise news that Mr. Iger is returning to the Magic Kingdom’s throne. In a statement Sunday night, the company’s board said he will … Read more

Michael Lewis to write new book on Sam Bankman-Fried, FTX collapse: report

Michael Lewis to write new book on Sam Bankman-Fried, FTX collapse: report

Author Michael Lewis has been following former FTX CEO Sam Bankman-Fried around for the past six months and will write a book about the crypto maven known as “SBF,” a new report says. News that the author who wrote “The Big Short” and “Moneyball” was writing about FTX and Sam Bankman-Fried was first reported by … Read more

Elon Musk’s Tesla Compensation Trial in Delaware Court Kicks Off

Elon Musk’s Tesla Compensation Trial in Delaware Court Kicks Off

WILMINGTON, Del.—The trial over Elon Musk ‘s multibillion-dollar pay package at Tesla Inc. TSLA -1.78% kicked off Monday morning in Delaware’s business-law court. A Tesla shareholder, Richard Tornetta, is seeking to nullify Mr. Musk’s 2018 compensation grant, valued at around $52 billion at recent share prices. The plaintiff is alleging that the board at the … Read more

Crypto.com Withdrawals Rise After CEO Admits Transaction Problem

Crypto.com Withdrawals Rise After CEO Admits Transaction Problem

Customers pulled funds from Crypto.com over the weekend after the company’s chief executive said the cryptocurrency exchange mishandled a roughly $400 million transaction.  Crypto.com Chief Executive Kris Marszalek said on Twitter that the transfer was sent to the wrong type of account on another exchange. The transfer of a large chunk of ether, a popular … Read more

‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse

‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse

Sam Bankman-Fried’s fall from grace has dealt an unprecedented blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, as well as on former regulators and Capitol Hill staffers who took well-paying jobs representing digital-asset companies before Congress. Bankman-Fried, founder and CEO of the … Read more

FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall

FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall

Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said. FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $10 billion, the person … Read more

Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs

Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs

Meta Platforms Inc. will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday. The coming cuts are expected to total many thousands of employees and will likely be the largest of the year to date in the tech sector, The Wall Street Journal previously reported.

Tyson CFO arrested for public intoxication after falling asleep in stranger’s house

Tyson CFO arrested for public intoxication after falling asleep in stranger’s house

Tyson Foods TSN, -0.49% chief financial officer John R. Tyson was arrested early Sunday morning after he was found sleeping in a house that wasn’t his own. A Fayetteville, Ark. woman arrived home and found Tyson, 32, passed out in her bed around 2 a.m., according to the arrest report shared by local news. The … Read more