Nikola CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements”
CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements.”, Mr. Russell said that before coming on board in 2019 as president of Nikola, he and Mr. Milton reached an agreement that Mr. Russell would become the chief executive officer if Nikola became a publicly traded company. Mr.
“I think he felt that the slides were insufficient in being persuasive,” Mr. Russell said, recalling that Mr. Milton believed the company’s bankers “don’t know how to sell.” “That was totally against what I was bargaining for,” Mr. Russell told jurors. “I wanted to be the chief executive officer in terms of leading the company and making public statements.”
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