‘She will start in 6 weeks’: Elon Musk finds new Twitter CEO

News Network
May 12, 2023

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NBCUniversal executive Linda Yaccarino is in talks to become Twitter's chief executive officer, the Wall Street Journal reported, following owner Elon Musk's announcement that he had found a new leader for the social network and will shift into a new role as chief technologist.

In a tweet on Thursday, Musk said the company's new CEO will start in about six weeks, without naming the individual. Yaccarino, who is chairman of global advertising and partnerships at NBCUniversal Media, didn't respond to an email seeking comment, and a representative for NBCUniversal said she was in rehearsals for the company's Upfront presentations to advertisers.

Musk bought Twitter for $44 billion last October and indicated that he'd only be in charge for a limited time to complete the organizational overhaul he thought the company needed to prosper. 

Musk complained of having "too much work" and sleeping at Twitter's San Francisco headquarters while implementing radical changes. 

In December, Musk asked his Twitter followers if he should step down as CEO, and 57.5% said yes. The billionaire will remain executive chairman after the transition.

Musk, who's also CEO of Tesla Inc. and Space Exploration Technologies Corp., has drawn criticism for his abrupt policy changes at Twitter and neglect of his other businesses. He's also changed the corporate name of Twitter's parent to X Holdings, an entity that could eventually be the parent for all his businesses - an idea he has publicly mused about. 

Musk has also said he wants to build Twitter beyond social media and into an "everything app," including financial services.

The next CEO will have to deal with the fallout from his ownership, including an advertiser exodus. Despite a slight uptick in daily users since early 2022, Twitter's revenue has fallen by 50% since October as a result of a "massive decline" in advertising, Musk said in March.

The company's Twitter Blue subscription service plan has also been flailing, drawing less than 1% of the user base. Musk has cut thousands of jobs, scaled back the company's content moderation and allowed accounts previously banned for breaking rules to return.

Musk already has a friendly relationship with Yaccarino, who interviewed him last month at a major advertising conference in Miami, and called him "friend" and "buddy" on stage. Recently, Twitter and NBCU expanded their Olympic Games partnership.

"I can say that she would be my first choice, and my only choice, to save the platform from the hands of its owner," said Lou Paskalis, who advises marketers as chief strategy officer at Ad Fontes Media, on Twitter. "I still cannot understand why she'd subject herself to @elonmusk, however!"

Puck News' Dylan Byers also reported via a tweet that Musk planned to name Yaccarino as Twitter's CEO, citing two people familiar with the matter.

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News Network
May 16,2023

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Mangaluru, May 16: Disheartened over his two consecutive defeats from Bantwal constituency in Karnataka Assembly polls, Congress leader and former minister B Ramanath Rai has announced his retirement from electoral politics.

Speaking to media persons in the city today, Mr Rai, however, clarified that he would continue to remain active in party activities.

“I am a 71-year-old and there was some disagreement in the party over my candidature. The party has given me all the opportunities all these years,” he said. “However, I will abide by the decision of the high command,” he added.

“I was confident of winning the election as the situation was favourable for the Congress. There was a setback somewhere and I will introspect on the reason for the defeat. Compared to the previous election, the victory margin of the BJP has come down to 8,282 votes from 15,971 votes, he said. 

To a query on whether he would contest the upcoming Lok Sabha election, Rai said “As I have decided, I will not contest the elections. The party is supreme for me and I will do whatever the high command wants me to do,” he added.

Lauding the party’s performance in the state, Rai said “BJP did not win a majority in the state all these years. They formed a coalition government with the JD(S) and later with the independent candidates and through ‘Operation Lotus’. The voters did not support the BJP. The BJP will never come to power again. The Congress will win even in the Lok Sabha elections,” he said and urged the party workers to get ready for the zilla panchayat, taluk panchayat and Lok Sabha elections. 

“We accept the defeat in the district but will work hard to gain back the seats as our party is in power in the state,” he said. “The Congress ‘Guarantees’ will be implemented soon after the oath-taking ceremony,” he said.

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News Network
May 18,2023

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Bengaluru, May 18: Senior Congress leader G Parameshwara on Thursday cautioned the party's central leadership that if a Deputy Chief Minister (DCM) post is not given to a Dalit, there would be adverse reaction and it would spell trouble for the party.

The 71-year-old Parameshwara, a Dalit, was deputy chief minister during Congress-JD(S) coalition government led by H D Kumaraswamy. He was also the longest-serving Karnataka Pradesh Congress Committee chief (eight years).

His veiled warning came hours after the Congress announced that Siddaramaiah would be chief minister and D K Shivakumar would be his only deputy.

To a question about Shivakumar having allegedly put a condition to the leadership that he should be the only DCM, Parameshwara said, "What he has said might be right in Shivakumar's point of view, but high command's viewpoint should be different. High Command has to decide, we expect them (high command) to..."

On whether injustice has been done to Dalits by not giving a DCM post to the community, he said the people, especially the Dalit community, have huge expectations.

"Understanding these expectations, our leadership will have to make a decision. If it doesn't happen, naturally there will be reactions for it. There is no need for me to say it. Instead of realising it later, if they rectify it now it will be better. Or else it may cause trouble for the party. I would like to tell them to understand it," Parameshwara said.

He said he was an aspirant for both the posts of CM and DCM.

"I was both chief minister and deputy chief minister aspirant but now we have to abide by the decision of the high command, so let's see what they will do in the days to come. For now they have made announcements about the two, we will have to wait and see how they will do justice during the cabinet expansion," he said.

Speaking to reporters here, he said, "The high command has announced CM and DCM. Siddaramaiah is becoming CM for the second time from our party, we expect him to provide good administration. Expectations of people are huge on us because of the promise of good administration in our manifesto. I welcome the decision and expect them to take all of us into confidence in giving good administration."

Parameshwara, who represents Koratagere in Tumakuru district, had lost the 2013 assembly polls, when he was KPCC president. He was a contender for the chief minister's post then, but as he was defeated, he was made an MLC and a minister in the Siddaramaiah government (2013-2018).

Responding to a question about "none of them" (Dalits) having asked for the DCM post with a strong voice, Parameshwara said a strong voice doesn't mean shouting with a demand.

"We have asked (for posts)...I hope the high command will pay attention to it, as people have voted for us and have contributed to Congress coming to power. We have to keep this in mind and move ahead," he said.

Earlier in the day, before Congress's official announcement naming Siddaramaiah and Shivakumar as CM and DCM, respectively, Parameshwara in response to a question on whether he would ask for a DCM post, said, "What is there to ask? They should give. As I was DCM earlier, I expect them to give. Let's see..."

Objecting to Shivakumar's alleged demand that he alone should be DCM, he said, "One person alone should be in power (and) others should not be is not a right stand. Everyone has contributed towards the party coming to power. All communities have contributed, and naturally, justice should be done to them."

Pointing out that Dalits, Lingayats, and minorities have strongly stood by the Congress party in the polls, he said the Congress has won in 35 out of 51 Dalit seats.

"Along with that, in two general seats the community candidates have won, so it is totally 37. The Dalit votes have made an impact in several other segments," he said.

In the May 10 elections to the 224-member Assembly, the Congress scored an emphatic victory by bagging 135 seats, while the ruling BJP and former Prime Minister H D Deve Gowda-led Janata Dal (Secular) secured 66 and 19 seats respectively.

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News Network
May 23,2023

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Bengaluru, May 23: The new Congress government of Karnataka led by chief minister Siddaramaiah has issued an order revoking the nomination of four members of the State Waqf Board, including its Chairman Maulana N K Muhammad Shafi Saadi with immediate effect.

Apart from Shafi Saadi, the nominations of Waqf Board members Mir Azhar Hussain, G. Yakub, and IAS officer Zehera Naseem have also been revoked. 

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