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News on Medial
Ousted Flexport CEO Dave Clark strikes back
TechCrunch
·
1y ago
Medial
Dave Clark, the former CEO of Flexport, responds to recent reporting on the company, calling it "deeply concerning." In a social media post, Clark discusses the problems he found when he joined Flexport, including issues with revenue forecasting and a lack of process and financial discipline. Clark's departure from the company was followed by further turmoil, including the rescinding of employment offers and plans to lease out office space to cut costs. Founder Ryan Petersen has criticized Clark's leadership on the grounds of excessive hiring and expansion.
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Flexport Founder Rescinds Job Offers and Aims to Streamline Operations
Robots
·
1y ago
Medial
Flexport founder Ryan Petersen has canceled dozens of job offers and shifted the company's strategy following the abrupt departure of CEO Dave Clark. Petersen has reassumed the CEO role and is focusing on cost-cutting measures and profitability. The decision comes as a surprise after Clark's entrepreneurial vision for the logistics startup. Flexport also plans to sublease excess office space. The fate of the recently acquired Shopify logistics unit is uncertain.
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NTT DATA names LTIMindtree’s Sudhir Chaturvedi as global growth officer, North America CEO
Economic Times
·
6m ago
Medial
Japanese tech firm NTT DATA appointed Sudhir Chaturvedi as its global chief growth officer and North America CEO, succeeding Eric Clark. Chaturvedi will drive global growth strategies and oversee North American operations, leveraging expertise in consulting, IT services, and strategic sourcing. With 28 years of experience, his previous roles include positions at LTIMindtree, NIIT Technologies, and Infosys. Based in Texas, he will report to NTT DATA’s global CEO, Abhijit Dubey.
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Flexport CEO calls out India’s ‘useless paperwork’, criticises bureaucratic hurdles
Economic Times
·
1m ago
Medial
Flexport CEO Ryan Petersen criticized India's regulatory environment, highlighting excessive paperwork as a barrier to business. This comment responded to Prime Minister Modi's GST anniversary post, which claimed eased business compliance. Petersen's view aligns with other executives' concerns over India's bureaucracy, as German businesses reported similar challenges. Despite India's efforts to improve business ease, experts and organizations like the Confederation of Indian Industry emphasize the need for continued reform, particularly in reducing bureaucratic hurdles.
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Jeff Bezos taps Amazon veteran Dave Limp to speed up space company Blue Origin
Economic Times
·
1y ago
Medial
Jeff Bezos has appointed Amazon veteran Dave Limp to accelerate the growth of his space company Blue Origin. Limp, who currently oversees Amazon's devices and services, will now take on the additional role of CEO of Blue Origin. The move comes as Bezos plans to step down as Amazon CEO to focus on other ventures, including Blue Origin's ambitious space exploration plans.
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OpenAI fires 2 researchers for leaking information: Report
Internet
·
1y ago
Medial
OpenAI has reportedly fired researchers Leopold Aschenbrenner and Pavel Izmailov for allegedly leaking information. Aschenbrenner was an ally of Co-founder Ilya Sutskever, who was part of the old board that had ousted CEO Sam Altman, The Information reported. Aschenbrenner was reportedly part of OpenAI's safety team, while Izmailov was working on reasoning.
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OpenAI board approached Anthropic CEO Dario Amodei about top job and merger, he denied
Economic Times
·
1y ago
Medial
OpenAI's board approached Anthropic's CEO, Dario Amodei, about replacing ousted CEO Sam Altman and discussed a potential merger, sources say. Amodei declined both offers. After Altman's removal, there were calls for a successor. OpenAI declined to comment, and board member Adam D'Angelo did not respond. Ex-Twitch CEO Emmett Shear has accepted the role of interim CEO. Meanwhile, Altman and key OpenAI personnel are joining Microsoft. Almost all of OpenAI's 700 employees threatened to quit, and Anthropic's co-founders, former OpenAI executives, have diverged on AI development and governance.
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OpenAI CTO Mira Murati played key role in Altman's ouster: Report
Hindustan Times
·
1y ago
Medial
OpenAI CTO Mira Murati, who took over as interim CEO following Sam Altman's ouster, played a key role in the chief executive's removal, The New York Times reported. Murati questioned Altman's management in a memo to him and shared her concerns with OpenAI's board, which later ousted him. She also claimed that Altman sometimes created a toxic work environment.
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Investor Sacks' post on coup sparks feud as YC's Graham accuses him of maltreating founder
Inshorts
·
1y ago
Medial
An online feud erupted between Silicon Valley executives after investor David Sacks shared a political opinion about Republicans and Democrats using the words "fake coup". Rippling's Parker Conrad said coups are Sacks' specialty, referring to Zenefits controversy when Conrad was ousted and Sacks was named CEO. Y Combinator Co-founder Paul Graham responded, accusing Sacks of maltreating Conrad.
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Online retailer Beyond Inc's chief steps down amid activist investor pressure
Economic Times
·
1y ago
Medial
The CEO of Beyond Inc., formerly known as Overstock.com, Jonathan Johnson, has resigned under pressure from activist investors. Hedge fund JAT Capital, which owns a 9.6% stake in the company, called for Johnson's replacement due to the company's poor financial performance. Dave Nielsen, the President of Beyond Inc. since 2019, will serve as interim CEO while the search for a permanent CEO is conducted. Marcus Lemonis, a businessman and TV personality who recently joined the board, has been proposed as a potential CEO by JAT Capital.
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OpenAI's Ilya Sutskever ‘deeply regrets’ his role in ouster of Sam Altman
Livemint
·
1y ago
Medial
OpenAI's chief scientist Ilya Sutskever has expressed regret for his role in the board's actions against ousted CEO Sam Altman. This comes after Microsoft CEO Satya Nadella announced that Altman and his colleagues would be joining Microsoft to lead a new AI research team, while clarifying that Microsoft would continue to support OpenAI. 505 OpenAI employees have threatened to quit if the board does not resign. Mira Murati, the company's CTO, is among the signatories of the employees' letter.
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