Apr 20, 2017

What Arconic's (former) CEO wrote that got him fired

Earlier this week came the resignation of Klaus Kleinfeld as CEO of metal maker Arconic, which has been locked in a contentious proxy fight with activist investment firm Elliott Management. At issue was a letter he privately sent to Elliott boss Paul Singer, without permission from Arconic's board of directors.

Elliott today disclosed the letter, and it reads a bit like amateur extortion. Or Kleinfeld's inability to properly tell a good joke:

Quite a few people who accompanied you to Berlin in 2006 during and especially after the many matches you attended are still full of remarkable memories about this obviously remarkable time.

Kleinfeld seems to have thought that Singer might give up a big-dollar battle so as to keep such memories private. Apparently not.

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Experimental coronavirus vaccine to be tested on humans

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. Photo: Win McNamee/Getty Images

The vaccine that the National Institute of Allergy and Infectious Diseases (NIAID) and drugmaker Moderna have been developing to combat the coronavirus is ready to be tested on humans, NIAID director Anthony Fauci told the Wall Street Journal.

The state of play: The rapidly developed vaccine will be tested on 20–25 healthy volunteers in April to determine whether two doses will be safe and generate an immune response to protect against infection. Results will be available in July or August, Fauci told WSJ.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.