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November 8, 2016 03:15 am GMT
Billionaire CEO Yueting Jia told employees in a letter last week that the company’s rapid growth was leading to stagnation and management problems at LeEco, and announced that he would invest $10 million into the company and cut his salary to 15 cents in order to keep LeEco steady as it expands into the United States and develops a self-driving car. But North American operations lead… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8BcNUOv3nR4/
Is LeEco really in trouble?
Billionaire CEO Yueting Jia told employees in a letter last week that the company’s rapid growth was leading to stagnation and management problems at LeEco, and announced that he would invest $10 million into the company and cut his salary to 15 cents in order to keep LeEco steady as it expands into the United States and develops a self-driving car. But North American operations lead… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/8BcNUOv3nR4/
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