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Tag: Corporate Governance

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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Astronomer CEO Andy Byron Placed on Leave Following Viral Coldplay ‘Kiss Cam’ Incident

Astronomer CEO Andy Byron Placed on Leave Following Viral Coldplay ‘Kiss Cam’ Incident

Astronomer CEO Andy Byron Placed on Leave Following Viral Coldplay ‘Kiss Cam’ Incident Astronomer CEO Andy Byron has been placed on leave following the virilization of a video showing him on a ‘kiss cam’ with the company’s head of HR, Kristin Cabot, at a recent Coldplay concert. The incident, which quickly became an internet sensation, prompted the tech firm to issue a statement on Friday, July 18, confirming Byron’s suspension. Pete DeJoy, cofounder and chief product officer, has been appointed…

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Elon Musk Tells Analyst to ‘Shut Up’ Amid New Political Party Launch and Tesla Focus Concerns

Elon Musk Tells Analyst to ‘Shut Up’ Amid New Political Party Launch and Tesla Focus Concerns

Elon Musk Tells Analyst to ‘Shut Up’ Amid New Political Party Launch and Tesla Focus Concerns Tesla CEO Elon Musk publicly rebuked Wedbush Securities analyst Dan Ives with a terse ‘Shut up, Dan’ on X, following Ives’s call for increased board oversight of the CEO’s time and political endeavors. The exchange comes just days after Musk announced the formation of a new political entity, the ‘America Party,’ a move that has reignited concerns among investors about his focus on the…

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Tesla Board Faces Urgent Calls to Rein in Elon Musk After Political Party Vow Tanks Stock

Tesla Board Faces Urgent Calls to Rein in Elon Musk After Political Party Vow Tanks Stock

Tesla Board Faces Urgent Calls to Rein in Elon Musk After Political Party Vow Tanks Stock Tesla’s board of directors is under intense pressure to establish clear boundaries for CEO Elon Musk’s political activities, following a significant drop in the electric car maker’s stock. The decline comes after Musk’s recent announcement to form a new political party. Wedbush Securities analyst Daniel Ives issued a stern warning to the board this week, urging them to “act now” and implement measures to…

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Paramount’s Trump Settlement Sparks Fear and Criticism Among CBS News Staffers

Paramount’s Trump Settlement Sparks Fear and Criticism Among CBS News Staffers

Paramount’s Trump Settlement Sparks Fear and Criticism Among CBS News Staffers Paramount Global is facing intense scrutiny following its decision to settle a lawsuit with former President Trump, a move widely perceived as capitulation under political pressure. Despite strong legal grounds to contest the suit, the settlement has left many within CBS News, producer of ’60 Minutes,’ deeply uneasy about future editorial independence. Journalism experts and press freedom advocates are raising alarms, suggesting that rewarding such tactics will only embolden…

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