Autonomous Trucks
The chairman is Hou’s TuSimple co-founder, Mo Chen. Chen holds about 59% of TuSimple voting power. Lu also would get $15 million in cash severance if he is ousted again, or if there is a change in control of TuSimple. “I am regularly approached by current TuSimple employees who are disappointed with the current leadership and direction of the company,” Hou wrote. Related articles:TuSimple co-founder quits board amid investigationCo-founder gets voting control of TuSimpleAs layoffs loom, TuSimple CEO protected by $15M in severance cashClick for more FreightWaves articles by Alan Adler.