Richard Branson Steps Down As Chairman of Virgin Hyperloop One (reuters.com)

Richard Branson is stepping down as chairman of Virgin Hyperloop One -- "the company that plans to build a supersonic transport system in the United Arab Emirates and other countries," reports Reuters. The reason is because the company needs a more actively involved leader. From the report: The Financial Times reported last week that Saudi Arabia had terminated a planned deal with Virgin Hyperloop One after Branson halted investment talks with Riyadh over the Jamal Khashoggi affair. "At this stage in the company's evolution, I feel it needs a more hands-on Chair, who can focus on the business and these opportunities," the statement quoted Branson as saying. "It will be difficult for me to fulfill that commitment as I already devote significant time to my philanthropic ventures and the many business within the Virgin Group."

Comments

Old people have no reason to live

[Anonymous Coward]

They are dangerous. Everyone should fear old people.

Wasted opportunity

[SuperKendall]

Imagine how much the Saudi's would pay for a hyperloop that shipped body parts from embassies all over the world back to Saudi Arabia for proper untraceable disposal! No more embarrassing sewer tell-tales.

Elon can do this

[Anonymous Coward]

Bring him in, Branson is unproven while Elon has many successes to point to. He is exactly the leader needed for such an important and ambitious project.