“TO KICK HIM OUT, EVEN THOUGH HIS CON­DUCT WAS EGRE­GIOUS, COULD RE­ALLY HURT THE COM­PANY.”

Finweek English Edition - - In Brief -

For­mer head of the US Se­cu­ri­ties and Ex­change Com­mis­sion (SEC)’s of­fice of in­ter­net en­force­ment, John Reed Stark, in an ar­ti­cle on ft.com, on the reg­u­la­tor’s set­tle­ment with Tesla and Elon Musk. Musk will now have to step down as chair­per­son of Tesla, but will re­main CEO of the com­pany. This came af­ter the SEC had ac­cused Musk of ly­ing to in­vestors when he tweeted that he had se­cured fund­ing to take the com­pany pri­vate. Min­is­ter of po­lice

Bheki Cele

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