Day: May 14, 2018

Musk's medicine for ailing Tesla: a 'thorough reorganization'

Following another top Tesla executive departure amid production turmoil, Chief Executive Elon Musk said Monday it’s time for a “thorough reorganization” at the electric-car maker. In a memo to employees, Musk said he’ll be “flattening the management structure.” The goal? “To improve communication, combining functions where sensible and trimming activities Read More

CBS chooses 'nuclear option' against Shari Redstone: It sues to thwart Viacom merger

Such fear is understandable. Only two years ago, Shari Redstone and her ailing father, Sumner Redstone, unilaterally made changes to Viacom’s board, which immediately tilted the balance of power and led to sweeping management changes. According to CBS’ lawsuit, Shari Redstone had been quietly interviewing candidates to replace Moonves.