Elon Musk is not surprised by the bad news hitting Tesla rival Rivian. He’s been warning about it for some time. On Wednesday, Rivian announced a disappointing quarter and outlook and said it would cut its salaried workforce by roughly 10%. Shortly after, Musk wrote on X that the rival maker of electric vehicles would […]
Tag: execs
FirstEnergy forges ahead even as former execs Chuck Jones, Michael Dowling are indicted
The first criminal charges have been filed against two former FirstEnergy executives, nearly four years after the initial arrests of former Ohio House speaker Larry Householder and others in Ohio’s ongoing House Bill 6 corruption scandal. The company says it has tadken significant steps to move forward. Yet issues related to HB 6 continue to […]
Two fired utility execs and a former top Ohio regulator plead not guilty in bribery scheme
COLUMBUS, Ohio (AP) — Two fired executives of FirstEnergy Corp. and a former top state utilities regulator pleaded not guilty Tuesday to state charges related to a $60 million bribery scheme that centered on securing a legislative bailout for two Ohio nuclear power plants with the help of a powerful House speaker. Former FirstEnergy CEO […]
‘No better time time to be in Dayton region:’ Collaboration touted by Joby and Sierra Nevada execs
Feb. 7—Executives from Joby Aviation Inc. and Sierra Nevada Corp. praised the region and the state of Ohio for collaborating to drive economic development and both said getting a trained workforce in place is a critical priority as they ramp up operations. Didier Papadapoulos, president of aircraft OEM at Joby, and Sierra Nevada Executive Vice […]
Citigroup equities execs leaving as reorganization continues, sources say
By Tatiana Bautzer NEW YORK (Reuters) – Three senior executives are leaving Citigroup’s equity-trading division, two sources with knowledge of the matter said on Wednesday, as the company undergoes a sweeping reorganization. The executives are Tim Gately, head of U.S. equities sales; Thomas Lynch, global head of prime services sales; and Matt Brady, America’s head […]