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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."

4 of 48 comments (clear)

  1. Wasted opportunity by SuperKendall · · Score: 4, Funny

    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.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  2. Do you mean the toy? by Anonymous Coward · · Score: 2, Informative

    Do you mean the toy one that is used in the Hyped-up Pod competition? That's just a toy.

  3. Re:branson who? by Strider- · · Score: 2

    He always sort of reminded me of Zaphod Beeblebrox. Now hand me a pan galactic gargleblaster so I can end my miserable mind.

    --
    ...si hoc legere nimium eruditionis habes...
  4. Reading between the lines by Anonymous Coward · · Score: 3, Insightful

    "The reason is because the company needs a more actively involved leader." translates to:"The venture is going down in flames, and I want to be as far from the splash zone as I can get."