Self-driving truck startup TuSimple ousts CEO over ties with Chinese biz
."His knowledge and vision have been invaluable to the development of TuSimple's industry-leading technology and the growth of the company … Transparency, good judgment and accountability are critical values to our company. We take these values extremely seriously."In a LinkedInMy motivation has always been and continues to be chasing that visionary dream. The painful truth is that on October 30, the Board voted to remove me as CEO and Chairman of the Board without Cause.
I have been completely transparent in both my professional and personal life and I fully cooperated with the board because I have nothing to hide. I want to be clear that I fundamentally deny any suggestions of wrongdoing. He hinted there may have been other factors that led to his ousted, admitting:"I know my leadership style may sometimes be demanding, but that’s because autonomous driving itself is a demanding mission that requires our undeterred commitment."
The SEC and CFIUS require companies be transparent about investments, securities, and transactions involving other businesses as there may be, among other things, national security concerns.
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