Twitter Adopts "Poison Pill" to Fight Musk Takeover
$Twitter$ Inc on Friday adopted a limited-duration shareholder rights plan to protect itself from billionaire entrepreneur Elon Musk's $43 billion cash takeover offer.Musk made the bid on Wednesday in a letter to the board of Twitter- the micro-blogging platform that has become a global means of communication for individuals and world leaders - and it was made public in a regulatory filing on Thursday.After his TED talk on Thursday, Musk hinted at the possibility of a hostile bid in which he wou
Wall Street is battling to determine the future of work from homeNew York (CNN Business)Big banks like to stick together on major policy decisions. But as Wall Street grapples with heading back-to-work, a rare chasm is growing between the finance giants. The implications of these choices, and the resulting stratification of policies will likely ripple through the world of finance and out to Main Street in the coming months. Citigroup's chief executive Jane Fraser announced in March 2021 that the majority of the company's 210,000 employees will be allowed to go hybrid with three days in the office and two days at home each week. UBS made similar plans last month with the launch of their Virtual Worker Framework that will allow some US employees to work 100% remotely. Goldman Sachs, Bank of