Topic: ceo resignation
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Coupang CEO Resigns Amid Police Raid Over Data Breach
Coupang's CEO resigned after a massive data breach affecting 33.7 million users, far more than initially reported, and publicly accepted responsibility for the incident and its handling. South Korean police raided Coupang's headquarters and are investigating a former employee, while U.S.-based pa...
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Curastory Founder Resigns Following SEC Investigation
Founder Tiffany Kelly has stepped down as CEO of Curastory following SEC allegations of revenue overstatement and misrepresentation of client numbers, replaced by Dave Dickman to lead the company forward. As part of the settlement, Kelly is barred from executive roles at fundraising companies for...
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Ex-Lidar CEO Launches Bid to Reclaim His Company
Austin Russell, Luminar's founder and former CEO, is attempting to regain control of the company by purchasing all outstanding Class A Common Stock through his new entity, Russell AI Labs. The proposal involves taking Luminar private under Russell AI Labs while maintaining its public listing and ...
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Law Firm Probes Coupang Over Data Breach Security Lapses
Investors harmed by a major 2025 cyber-attack on Coupang are joining a class action lawsuit alleging security failures led to substantial financial losses. The breach potentially exposed personal data of 33.7 million customers, triggering a police raid, the CEO's resignation, and regulatory actio...
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Lucid Motors Cuts 12% of Workforce in Profitability Push
Lucid Motors is laying off 12% of its workforce to streamline operations and improve financial performance, a move not expected to impact hourly manufacturing and logistics staff. The restructuring occurs as the company focuses on increasing production of its Gravity SUV and prepares to launch a ...
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Luminar Founder Austin Russell Accepts Subpoena in Bankruptcy Case
Austin Russell, Luminar's founder, has agreed to receive a subpoena for his mobile device data as part of the company's bankruptcy proceedings, with a week to challenge it. Luminar filed for Chapter 11 after losing key auto contracts and facing intense competition, leading to asset sales includin...
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Stellantis Axes Ram 1500 REV Amid Slowing Electric Truck Demand
Stellantis has canceled the all-electric Ram 1500 REV due to cooling demand in the electric truck segment and a lack of strong federal incentives. The company will repurpose the REV name for the Ramcharger, a range-extended electric vehicle that combines a gasoline engine with electric propulsion...
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xAI Taps Ex-Morgan Stanley Banker Anthony Armstrong as CFO
Elon Musk's xAI has appointed former Morgan Stanley banker Anthony Armstrong as CFO to oversee financial operations for both xAI and social media platform X after their consolidation. Armstrong's appointment fills the vacancy left by the departure of previous CFO Mike Liberatore in July and follo...
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