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...

• Lloyds Bank named Charlie Nunn, head of wealth and personal banking at rival HSBC, as its next CEO on Monday.
• Current Lloyds boss Antonio Horta-Osorio is stepping down in 2021 after a decade at the bank.
• Nunn may not take up his new job for almost a year from now, because of his notice period and other restrictions. If Horta-Osorio leaves first, CFO William Chalmers could step in as interim CEO, Lloyds said...

• Gilead posted its first numbers detailing how much money the pharmaceutical company has made through Veklury, a COVID-19 antiviral treatment.
• Gilead sold $873 million worth of Veklury, also known as remdesivir, in three months.
• The FDA authorized Veklury as the first antiviral treatment approved to treat COVID-19 patients.
• Studies on the effectiveness of Veklury present mixed results...

• Former WeWork CEO Adam Neumann met with former Starbucks CEO Howard Schultz in 2018, according to the new book "Billion Dollar Loser" by Reeves Wiedeman.
• At the time, Neumann was interested in expanding into retail, and Schultz gave him advice: stop growing for six months in order to correct problems within your business before they come back to haunt you...

Ousted WeWork co-founder Adam Neumann's $185 million consulting deal with his former company is no longer in place, executive chairman Marcelo Claure said during a Wall Street Journal event Monday...

In early September, automotive giant General Motors announced a $2 billion deal with electric-vehicle startup Nikola, with plans to produce the Nikola Badger, an electric pickup truck. But just two days after the deal was announced, a short seller released an explosive report claiming that Nikola faked its technological achievements, which spurred federal inquiries, a resignation, and speculation about the future of the deal...

• British Airways boss Alex Cruz is stepping down, and will be replaced by Aer Lingus CEO Sean Doyle.
• The owner of British Airways, International Airlines Group, said the airline industry was facing its worst crisis in history.
• Cruz told a government committee in September that the airline was burning through £20 million ($25.9 million) a day and "fighting for its survival...

• LVMH countersued Tiffany on Monday, and said it remains confident that it can walk away from its $16 billion takeover of the US jeweler.
• Tiffany breached the agreement by paying out the highest possible dividends during the pandemic, French luxury goods conglomerate LVMH claimed in the countersuit.
• A letter to LVMH from the French government also made it “impossible” to close the deal before the deadline, it added...