When it comes to business and business, 2022 has definitely been a chaotic year. Many important events have taken place this year. From Elon Musk’s takeover of Twitter to mass layoffs. The year is coming to an end, and here are the results of the year:
Elon Musk takes control of Twitter
In October, Elon Musk completed the acquisition of Twitter and is now the new boss of the social network. Shortly after taking over Twitter, Musk fired four top Twitter executives, including Indian-born CEO Parag Agrawal and chief legal officer Vijay Gadde. Many new changes were also made, and the social media platform has been controversial ever since. Executives fired include Agrawal, Gadde, CFO Ned Segal and General Counsel Sean Edgett. However, Musk may retire after losing in a recent Twitter poll.
Ashnir Grover
Fintech unicorn BhartPe has filed a lawsuit against its former CEO and co-founder Ashnir Grover and his family seeking damages of up to Rs 88.67 crore for alleged fraud and embezzlement. This comes after Grover abruptly left BharatPe earlier this year amid allegations of financial impropriety. The civil suit and criminal complaint were taken to the Delhi High Court, which notified the Grover family and asked them to respond within two weeks. The next trial date has been set for January 9th. She also sent subpoenas to other defendants, including Grover’s brother-in-law, father, and brother.
Elizabeth Holmes
This American biotech entrepreneur was sentenced to 11 years in prison in the Theranos fraud case. As part of the deal, Holmes promised that some self-service machines would be able to perform various tests on just a few drops of blood. However, a Wall Street Journal investigation found that the machines were not working as promised.
Shantanu Deshpande
Bombay Shaving Company CEO Shantanu Deshpande caused another controversy with his article on the culture of shaking. He received massive criticism for his previous LinkedIn post where he promoted agitation culture. “When you are 22 years old and you start your work, do it. Eat well and stay fit but work 18 hour days for at least 4-5 years,” Deshpande wrote.
He apologized for this by posting a video interview with himself. In an interview, he said, “I apologize to anyone this post may have offended or seemed to lack the context or nuance that I now recognize as necessary.”
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