In a lawsuit, Better's ex-COO said she was pushed out for blowing the whistle on CEO Vishal Garg. She said Garg and a lawyer shut her out after she complained Garg kept financials "a black box." The lawsuit comes as Better is expected to close its SPAC deal in the next month. When Better CEO Vishal Garg claimed that many employees who suffered its now-infamous December layoffs were let go for under-working , chief operating officer Sarah Pierce went into damage-control mode...

Twitter shareholders have voted to remove a longtime business associate of Elon Musk from the company's board...

FedEx CEO Fred Smith, who founded the company more than 50 years ago, is stepping aside...

Former Nintendo America president Reggie Fils-Aime left GameStop's board of directors after serving barely a year...

• Elon Musk is going to trial as part of a lawsuit over his reported 10-figure pay package from 2018.
• Musk got around $2.5 billion in stock options in 2018, according to reports.
• A shareholder sued Musk and Tesla, accusing them of breaching their fiduciary duties...

• Tesla has been hit with an investor lawsuit over Elon Musk's tweets about the company's stock.
• The lawsuit was filed by David Wagner in the Delaware Court of Chancery, according to Bloomberg Law.
• Tesla's shares have tumbled 22% since Musk began his stock-selling spree on November 8...

Former McDonald's CEO Steve Easterbrook will return his severance pay — a figure estimated to be around $105 million — to his former employer to settle a lengthy lawsuit over his sexual relationships with employees...

In its heyday, Theranos' network of investors, board members , and other affiliates was ... Kissinger was a member of Theranos' board of directors...

• 346 people were killed in two Boeing 737 Max crashes in 2018 and 2019.
• Boeing shareholders can go ahead with a lawsuit against its board over the crashes, a judge ruled.
• Boeing said it was "disappointed" with the decision...

• Paul Constant is a writer at Civic Ventures and cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.
• In the latest episode, they spoke about Chipotle's announcement to increase menu prices by about 4% to cover increased employee wages.
• Constant points out, however, the price increase could be to cover the $24 million raise recently given to CEO Brian Niccol...

Grubhub disclosed in a regulatory filing Thursday that it's facing 14 lawsuits from investors who say the company misled them about its plans to be acquired by Dutch food delivery giant Just Eat Takeaway...

Walmart is being challenged by activists to create a place for the company's lower level employees to sit on its board of directors, Axios reported.

• Civil rights activist Rev. William Barber II is calling on Walmart to add employee representatives to its board.
• Barber will address Walmart shareholders tomorrow, advocating for workers most affected by COVID-19...

• SEC Chairman Gary Gensler said that the SEC and FINRA have to be prepared to fight crypto cases.
• At the annual FINRA conference, Gensler said tighter regulations would help protect investors.
• Earlier this year, SEC "crypto mom" Hester Peirce presented a safe-harbor policy to ease regulatory pressures on crypto firms...

• A judge on Monday ordered Tesla to turn over documents concerning Elon Musk's compensation plan.
• Shareholders sued Tesla in 2018, arguing its board wronged investors by awarding Musk such a lucrative package.
• The judge told Tesla to turn over communications between Musk and its top lawyers ahead of the board's approval of the plan...

• \The Teamsters General Fund, an Uber investor, wants the company to reveal more about its lobbying.
• The fund urged Uber shareholders to vote for its proposal requiring an annual report from Uber.
• It said Uber's "highly innovative" but "controversial" lobbying could hurt its brand and business...

• Alibaba Group has been hit with a record $2.8 billion fine in China.
• Billionaire founder Jack Ma's tech empire has come under increased scrutiny from regulators.
• "Alibaba accepts the penalty with sincerity," the company said in a statement.
• See more stories on Insider's business page.

China on Saturday fined Jack Ma's Alibaba Group a record $2.8 billion for abusing its leading market position...

• JPMorgan CEO Jamie Dimon blasted tax breaks in his annual shareholder letter on Wednesday.
• Dimon proposed major tax reforms to promote growth and address income inequality.
• The comments come as President Biden proposes a corporate tax rate increase...

• The wealth of US moguls exceeded $360 billion during the pandemic, per The Washington Post.
• Oracle and Dell's leaders are among the other tech billionaires to have profited last year.
• Their wealth has attracted scrutiny amid systemic inequality in the US...

Before joining a board of directors, business leaders should consider how they'll fit into the existing structure...

Twitter's toxicity and subpar financial results are one and the same problem — and the solution starts at the top...

Apple reported $111.4 billion of revenue in quarter four, its largest-ever quarter when measured by revenue. The firm prioritizes internal equity when paying executives, resulting in consistent compensation for executives except for the CEO...

• Some 60 major companies have agreed to adopt a new ESG reporting framework.
• ESGs are metrics that measure a company's environmental, social, and governance progress.
• The effort is being led by the World Economic Forum and the International Business Council, run by Bank of America CEO Brian Moynihan...

• Staples' offer to buy Office Depot for $2.1 billion has been rejected, The Wall Street Journal reported.
• Office Depot's parent company said it would prefer a partial sale or joint venture.
• This is the third time Staples has tried to buy its office-supplies rival in 25 years...

• Credit Suisse announced Tuesday that outgoing Lloyds Banking Group CEO António Horta-Osório would be its next chairman.
• Current chairman Urs Rohner will step down in 2021, after working at the Swiss bank for a decade.
• News of Horta-Osorio's appointment at Credit Suisse came a day after Lloyds Bank announced his replacement as CEO, HSBC banker Charlie Nunn.
• Visit Business Insider's homepage for more stories...