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Tesla Approves Controversial $29 Billion Pay Package for Elon Musk Amid Legal Shifts

Tesla Approves Controversial $29 Billion Pay Package for Elon Musk Amid Legal Shifts

Tesla Approves Controversial $29 Billion Pay Package for Elon Musk Amid Legal Shifts The Tesla board has approved a new, staggering $29 billion pay package for CEO Elon Musk, a move designed to secure his retention amidst an intense “war for AI talent.” This latest compensation deal comes after years of legal battles that saw a Delaware judge twice invalidate Musk’s previous mega-grant. Unlike prior agreements that included significant performance benchmarks, this new award primarily mandates Musk’s continued employment as…

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WK Kellogg Shares Skyrocket Over 50% Amid Reports of Imminent $3 Billion Ferrero Acquisition

WK Kellogg Shares Skyrocket Over 50% Amid Reports of Imminent $3 Billion Ferrero Acquisition

WK Kellogg Shares Skyrocket Over 50% Amid Reports of Imminent $3 Billion Ferrero Acquisition Shares of cereal maker WK Kellogg experienced a dramatic surge of over 50% on Wednesday, following reports that Italian confectionery giant Ferrero is nearing a roughly $3 billion deal to acquire the company. The Wall Street Journal, citing sources familiar with the matter, reported that Ferrero, renowned for its hazelnut chocolates, could finalize the acquisition of the legacy breakfast foods business as early as this week….

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