Michael Grimes, a top banker at Morgan Stanley, would become the latest leading tech figure to join the Trump administration, as a senior official at the Commerce Department.
Billionaire Elon Musk has worked behind the scenes on an initiative aimed at depleting the civil service, prompting questions about its legality.
Around the same time as Musk’s post, hundreds of thousands of federal workers received an email also titled “Fork in the Road,” with a similar offer: Simply send an email to the Office of Personnel Management with the word “Resign” in the subject line, and you’ll receive eight months’ pay, so long as you reply before Feb. 6.
In November 2022, days after Elon Musk took control of the company then called Twitter, employees received an email with the subject line: “A fork in the road.” Now he’s turned his attention to the US government,
The billionaire and his Silicon Valley associates landed in the capital and immediately moved to cut the size of the federal government, reprising the playbook he used after buying Twitter in 2022.
Last summer, the firm helped strike down a $56 billion pay deal for Musk that would now be valued at around $100 billion after Tesla’s stock soared last year.
Echoing Elon Musk's approach to thinning out Twitter's staff in 2022, Donald Trump's plan to significantly slash the government workforce now, for a limited time only, includes offering resignation buyouts.
Boeing has lost more than $2 billion producing the Next Air Force One after President Donald Trump renegotiated the deal in his first term.
Elon Musk used his new government efficiency role to stop by the operations of his competitor Boeing to look into the long-delayed efforts to renovate two 747 jets into the next generation of Air Force One jets,
The richest man in the world is backing far-right parties against a political establishment that has failed to deliver.
More of President Donald Trump's picks for his cabinet are expected to be confirmed by the U.S. Senate in the coming days after the Republican-controlled