Musk consolidates power at Twitter after board is dismissed

Musk consolidates power at Twitter after board is dismissed
At the other companies he runs, including Tesla, the boards are packed with Musk loyalists. (Image: Getty)
Bloomberg
By Jack Pitcher Elon Musk consolidated his control of Twitter on Monday after the entire board was dismissed.  Musk, 51, completed his purchase of Twitter last week for US$44 billion ($75b) and immediately started moulding the company to his liking.  One of the first steps he took was to fire four of the most senior executives of the company, including Parag Agrawal, the chief executive officer. Calling himself Chief Twit, Musk plans to effectively run the company himself in the immediate term, people familiar with his plans have...

More Media

BusinessDesk appoints Andy Macdonald
News in Brief

BusinessDesk appoints Andy Macdonald

Macdonald takes on the role of senior corporate finance correspondent.

Staff reporters 09 Sep 2025
Wētā FX narrows loss and rebuilds R&D
Economy

Wētā FX narrows loss and rebuilds R&D

New Zealand contracts rose 28% to $411m.

Gregor Thompson 04 Sep 2025
Big profits, minimal tax: New report on how to make Google, Facebook pay fair share of tax
News in Brief

Big profits, minimal tax: New report on how to make Google, Facebook pay fair share of tax

“Dodgy” but not necessarily illegal – and this could be tested.This is how tax expert Nick Miller describes the financial practices of Big Tech multinational giants – including Google, Facebook, Amazon, Microsoft, and Oracle – which make a lot of money in New Zealand and pay mini...

Staff reporters 04 Sep 2025
Warner Bros production unit moves into red
Finance

Warner Bros production unit moves into red

The production company flags a tax issue related to the Sky TV–Discovery deal.

Victoria Young 03 Sep 2025