Level 1:
Twitter is a big social media site. Three important people who used to work there, the CEO, CFO, and CLO, are now suing Twitter. They say that Twitter lied to people who own part of the company by making them think the company was doing better than it really was. The three people also say they were treated badly at work after they spoke up about problems. This lawsuit is important because it shows that companies need to be honest with people who own part of their company (shareholders). It also shows that sometimes people who work together don’t get along well. Finally, it makes us wonder what will happen to Twitter in the future.
Level 2:
The former CEO, CFO, and CLO of Twitter are suing the company. They allege that Twitter gave false information about its growth, which made its stock price artificially high. The executives say Twitter knew about problems with user engagement but did not tell shareholders. They claim they were forced out of their jobs after raising concerns about Twitter’s practices. This lawsuit is important because it shows how important honesty is in business. It also raises questions about Twitter’s future. Reading articles like this can help people learn new words and improve their reading skills.
Full Story:
Twitter is one of the world’s most popular social media networks. Several high-profile executives have worked for the company throughout the years, including former CEO Dick Costolo, former CFO Ali Rowghani, and former CLO Vijaya Gadde. These three CEOs recently made waves when they filed a lawsuit against Twitter.
According to the lawsuit, Twitter violated its fiduciary obligation to its shareholders by misleading them about the platform’s growth potential. The executives argue, in particular, that Twitter provided inaccurate and deceptive statistics regarding its user engagement and growth in order to artificially raise its stock price.
According to the lawsuit, Twitter’s management team was aware of the platform’s issues with user growth and engagement but neglected to inform shareholders of this information. Instead, they continued to laud the platform’s development potential and encourage investors to purchase more shares.
The executives were also allegedly punished against for raising concerns about the company’s procedures, according to the lawsuit. The complaint specifically alleges that Costolo, Rowghani, and Gadde were ostracized and eventually fired after raising concerns about Twitter’s business practices.
There are several reasons why this lawsuit is relevant. For starters, it emphasizes the significance of transparency and honesty in corporate governance. In order to make informed investment decisions, shareholders rely on accurate information from corporations. Management teams put investors at risk when they deliver inaccurate or misleading information.
Second, the case offers information on Twitter’s leadership team’s internal dynamics. The fact that three high-level executives felt forced to sue their former employer implies that major conflicts and tensions existed within the organization.
Finally, the case raises concerns about Twitter’s future orientation as a firm. With so much uncertainty and turbulence at the executive level, it is unclear what the social media platform’s future holds. Will Twitter be able to recover its shareholders’ trust and forge a new course? The only way to know is to wait and see.
This case gives an opportunity for ESL students to develop reading and comprehension skills while learning about an important business topic. To properly comprehend the essay, you must first understand core business terms and ideas such as fiduciary duty, shareholder, and business practices.
Reading actively, rather than passively, is one effective approach for enhancing reading comprehension. This entails questioning the material, formulating predictions, and summarizing essential points. Longer pieces can be made more approachable and digestible by breaking them up into smaller sections.
Another effective strategy is to concentrate on unusual words and phrases. When you come across a term or phrase that you don’t immediately grasp, try to figure out what it means based on context cues. Look up the word in a dictionary or an online resource if necessary.
Finally, it is critical to practice often in order to improve one’s reading skills over time. Reading a variety of things, such as news stories, books, and academic papers, can aid in the development of understanding and vocabulary. Taking notes and sharing the subject with others can also help to strengthen learning and retention.
Finally, the recent lawsuit filed against Twitter by its former CEO, CFO, and CLO underlines the significance of transparency and honesty in corporate governance. This article provides an opportunity for ESL students to develop reading and comprehension skills while learning about current business events. ESL students can develop the abilities needed to excel in business and beyond by actively engaging with the material, focusing on unfamiliar words and phrases, and practicing on a regular basis.
Questions:
Who are the three high-profile executives who have sued Twitter recently?
What are the allegations made by these executives against Twitter?
Why is transparency important in corporate governance?
How can reading articles like this one help improve reading skills?
Do you think Twitter will be able to regain the trust of its shareholders after this lawsuit? Why or why not? ()
Fill In the Blanks:
retention, shareholder, passively
To properly comprehend the essay, you must first understand core business terms and ideas such as fiduciary duty, ________, and business practices.
Reading actively, rather than ________, is one effective approach for enhancing reading comprehension.
Taking notes and sharing the subject with others can also help to strengthen learning and ________.
Difficult Words:
fiduciary duty - the legal obligation of one party to act in the best interest of another party, such as a company’s obligation to act in the best interests of its shareholders
shareholder - a person or entity that owns shares in a company and is therefore entitled to a portion of the company’s profits and a say in how the company is run
artificially inflate - to increase something, such as a stock price, beyond its true value through deceptive or misleading means
retaliation - an action taken against someone in response to their actions, often in a negative way
marginalized - treated as unimportant or pushed to the sidelines
business practices - the methods and behaviors used by a company in conducting its business affairs
comprehension skills - the ability to understand written or spoken language
passively - reading or listening without actively engaging with the material
context clues - information from surrounding words or phrases that can help determine the meaning of an unfamiliar word
retention - the ability to remember and recall information over time
