Subscribe & Follow
Advertise your job vacancies
Trending
Show more
Jobs
- Vehicle Sales Executive Ermelo
- Vehicle Sales Executive Ermelo
- Qualified Motor Technician Ermelo
- Vehicle Technician East Rand
- Service Workshop Manager East Rand
- New Vehicle Sales Executive Middelburg
- Workshop Foreman Ermelo
- Workshop Foreman East Rand
- Mini Sales Executive Durban
- Commercial Sales Executive Pinetown
Tesla CFO resignation seems suspicious
NEWSWATCH: Tesla's CFO, Jason Wheeler, resigned quite abruptly "to pursue opportunities in public policy". According to reports on Forbes and Seeking Alpha, Wheeler's resignation story seems a bit suspicious due to short timing (just one day prior to the earnings report being released) and the fact that the company is bringing back its previous CFO.
Image via Tesla
"It is unusual, to say the least, that a major company’s CFO informs the CEO that he will be leaving the company the day before an earnings announcement and that he will be resigning within a few days when its 10-K is filed (but staying on for about 5-6 weeks to “ensure a smooth transition”). It is also unusual but in some ways not too surprising that the previous CFO who had retired 15 months ago agrees to come back and that he decided this in the space of one day." - Chuck Jones, Forbes
We find this timing to be extremely unusual and very abrupt. Rather than give an excuse like a personal emergency or something that could arise without warning and require a very quick exit, he had instead explained on the conference call that the reason he was leaving was to work in the public sector." - Parke Shall, Seeking Alpha
In a press statement, the company announced that its previous CFO, Deepak Ahuja, will formally take over again as CFO in early March, with Wheeler remaining at Tesla through early April "to ensure a smooth transition".
For more:
