Trevor Milton stepped down as chairman of the company he founded as it fights allegations it lied to investors about its business prospects, Bloomberg reported. Shares in Nikola, which has partnered with GM to make a pickup truck, fell 20%. U.S. authorities are investigating the allegations, first raised by short sellers of the stock. The company denies the allegations and Milton said he would...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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