5 ms·

Who is this person and why is he at the top of the HN front page?

by fergie 4y ago

guessmyname 4y ago
Xiaodi Hu [1] is the former CEO of TuSimple [2], an autonomous trucking company with headquarters in San Diego, California. According to his LinkedIn profile, he was a co-founder and CTO for 6 years and 8 months (August 2015 to March 2022), then became CEO for 8 months (from March 2022 to October 2022) and a board member for 6 months (from October 2022 to March 2023), until yesterday when he resigned due to disagreements with Cheng Lu, the current CEO [3]. If you read the LinkedIn post [4], which some people have reposted in this thread, you will learn a bit more about what type of disagreements caused his resignation; long story short: for criticizing their decision to change the direction of technology developments and for refusing to support the lucrative CEO executive compensation package while simultaneously laying off 25% of its staff, about 350 employees, among other things. Reuters published an article on November 11, 2022 [5], that supposedly explains the reasons why Xiaodi Hu resigned (or was fired) from Cheng Lu’s perspective, if you want to read the other side of the story. Long story short: due to an internal probe that showed some employees had ties and shared information with a China-backed firm: Hydron Inc., autonomous trucking [6] The two-sentence 8-K SEC filing [7] if anyone wants to read. [1] https://www.linkedin.com/in/xiaodihou/ https://www.linkedin.com/in/xiaodihou/ [2] https://www.tusimple.com/ https://www.tusimple.com/ (NASDAQ: TSP) [3] https://www.linkedin.com/in/cheng-lu-8b134718/ https://www.linkedin.com/in/cheng-lu-8b134718/ [4] https://www.linkedin.com/posts/xiaodihou_last-night-i-read-for-the-first-time-the-activity-7041526468257992705-4BFy https://www.linkedin.com/posts/xiaodihou_last-night-i-read-f... [5] https://www.reuters.com/business/autos-transportation/tusimple-names-new-ceo-replaces-ex-boss-fired-after-probe-into-ties-chinese-firm-2022-11-11/ https://www.reuters.com/business/autos-transportation/tusimp... [6] https://hydron.com/ https://hydron.com/ [7] https://www.sec.gov/ix?doc=/Archives/edgar/data/0001823593/000119312523069185/d458483d8k.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/0001823593/0...
politelemon 4y ago
What is 8k?
- hoppyhoppy2 4y ago
  https://www.sec.gov/answers/form8k.htm https://www.sec.gov/answers/form8k.htm

Who is this person and why is he at the top of the HN front page?

by fergie 4y ago

Who is this person and why is he at the top of the HN front page?

Xiaodi Hu [1] is the former CEO of TuSimple [2], an autonomous trucking company with headquarters in San Diego, California. According to his LinkedIn profile, he was a co-founder and CTO for 6 years and 8 months (August 2015 to March 2022), then became CEO for 8 months (from March 2022 to October 2022) and a board member for 6 months (from October 2022 to March 2023), until yesterday when he resigned due to disagreements with Cheng Lu, the current CEO [3]. If you read the LinkedIn post [4], which some people have reposted in this thread, you will learn a bit more about what type of disagreements caused his resignation; long story short: for criticizing their decision to change the direction of technology developments and for refusing to support the lucrative CEO executive compensation package while simultaneously laying off 25% of its staff, about 350 employees, among other things. Reuters published an article on November 11, 2022 [5], that supposedly explains the reasons why Xiaodi Hu resigned (or was fired) from Cheng Lu’s perspective, if you want to read the other side of the story. Long story short: due to an internal probe that showed some employees had ties and shared information with a China-backed firm: Hydron Inc., autonomous trucking [6] The two-sentence 8-K SEC filing [7] if anyone wants to read. [1] https://www.linkedin.com/in/xiaodihou/ https://www.linkedin.com/in/xiaodihou/ [2] https://www.tusimple.com/ https://www.tusimple.com/ (NASDAQ: TSP) [3] https://www.linkedin.com/in/cheng-lu-8b134718/ https://www.linkedin.com/in/cheng-lu-8b134718/ [4] https://www.linkedin.com/posts/xiaodihou_last-night-i-read-for-the-first-time-the-activity-7041526468257992705-4BFy https://www.linkedin.com/posts/xiaodihou_last-night-i-read-f... [5] https://www.reuters.com/business/autos-transportation/tusimple-names-new-ceo-replaces-ex-boss-fired-after-probe-into-ties-chinese-firm-2022-11-11/ https://www.reuters.com/business/autos-transportation/tusimp... [6] https://hydron.com/ https://hydron.com/ [7] https://www.sec.gov/ix?doc=/Archives/edgar/data/0001823593/000119312523069185/d458483d8k.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/0001823593/0...

politelemon 4y ago

What is 8k?

hoppyhoppy2 4y ago
https://www.sec.gov/answers/form8k.htm https://www.sec.gov/answers/form8k.htm