mismanagement

A group of four investors in Byju's led by Dutch investment firm Prosus on Friday moved the Bengaluru bench of the National Company Law Tribunal (NCLT), filing a petition for oppression and mismanagement of the company.The investors are seeking to remove founder Byju Raveendran as chief executive officer of the troubled edtech firm and overhauling of the board. Raveendran’s wife and Byju’s cofounder Divya Gokulnath, and his brother Riju Raveendran are the other two members of the board at Think & Learn–the parent of…

Michael Barr, the Fed’s top banking regulator, says the central bank is reviewing its supervision of Silicon Valley Bank. Photo: Manuel Balce Ceneta/Associated Press…

Leaked Twitter files reveal how the United States government pressured Twitter to elevate certain content and suppress other content related to Covid-19. Shared in a series of tweets by David…

Following a lengthy statement from Doom Eternal composer Mick Gordon which alleged that Id Software failed to pay him for part of the game’s soundtrack, Bethesda has now issued a statement in response. In his statement last week, Gordon responded to an “open letter” that Id Software’s Marty Stratton had posted in 2020 which claimed that Gordon was unable to meet numerous deadlines and the company was forced to ask lead audio designer Chad Mossholder to “take all of the music as Mick had delivered for the game, edit the…

Credit: Pixabay/CC0 Public Domain The federal government is relying more than ever on whistleblowers to sniff out corporate fraud and misconduct. According to a new study from the University of Kansas, the government programs that pay "bounties" to whistleblowers who come forward have, themselves, been hampered by mismanagement, cronyism and abuse.…