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FGL News12 articles
Convicted Fintech Founder Seeks Trump Pardon in JPMorgan Fraud Case
Charlie Javice, convicted of defrauding JPMorgan in its $175 million Frank acquisition, is seeking a presidential pardon from Donald Trump as appeals and legal battles continue.
Lululemon Rises on Governance Pact with Founder Chip Wilson
Lululemon shares rose 4.5% after settling a board dispute with founder Chip Wilson, adding two new directors ahead of a CEO transition and Q1 earnings.
Anthropic Bolsters AI Research with Key Hires Including OpenAI Co-Founder
Anthropic hires OpenAI co-founder Andrej Karpathy to its pre-training team, aiming to accelerate Claude model development with AI-driven research.
Fermi Inc. Raises Voting Threshold Amid Founder Dispute
Fermi Inc. raised its shareholder vote threshold to 70% for key bylaw changes, escalating the conflict with ousted co-founder Toby Neugebauer ahead of Q1 earnings.
Fermi’s Proxy Battle Intensifies Ahead of Q1 Earnings, Founder Pushes for Board Overhaul
Fermi founder Toby Neugebauer pushes for board changes despite the board canceling a May 29 meeting. Q1 earnings are due Thursday, with focus on Project Matador tenant negotiations.
Recursion Pharma Co-Founder Gibson to Exit Board Ahead of Q1 Results
Recursion Pharmaceuticals founder Chris Gibson will leave the board at the June annual meeting. Q1 earnings due May 6; focus on cash, clinical progress, and AI platform.
Apple's Third Co-Founder Sold His Stake for $800, No Regrets at 91
Ronald Wayne, Apple's forgotten co-founder, sold his 10% stake for $800 in 1976. Now worth nearly $400 billion, he says he has no regrets, emphasizing personal liability.
Super Micro Plunges on Co-Founder Charges Over AI Server Diversion
Super Micro Computer shares plummeted 33.2% after U.S. authorities charged co-founder Yih-Shyan 'Wally' Liaw and two others with illegally diverting $2.5 billion worth of AI servers to China. The company placed Liaw on leave and named a new compliance chief.
Lululemon Founder's Board Challenge Weighs on Shares
Lululemon shares fell in premarket trading following a new proxy filing from founder Chip Wilson, who is seeking board changes. The stock has declined significantly this year.
Wagners Founders Offload Major Stake, Shares Dip
Shares in Wagners Holding Company Ltd declined following a substantial share sale by founding family members Neill and Joseph Wagner, who sold 30 million shares at A$4.40 each.
Wagners Founders Sell $132M Stake, Stock Dips Ahead of Key Filings
Shares in Wagners Holding Company declined following a major insider sale by two founding brothers, raising questions about future supply pressure as the market awaits regulatory disclosures.
Zoho Founder Warns of Big Tech Sovereignty as Alphabet's $32B Bond Sale Fuels Debate
Zoho co-founder Sridhar Vembu reignited warnings about Big Tech's sovereign-like power following Alphabet's massive $31.5 billion bond issuance, drawing parallels to historical colonial trading companies.