By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data by the company and third parties. The justices took […]
By Ross Kerber (Reuters) – With major Tesla shareholders appearing divided over whether to endorse Elon Musk’s $56 billion pay package, the company also is looking for support from retail investors who make up an unusually high percentage of the electric carmaker’s ownership base. Small investors tend to favor management, but they often don’t bother […]
Count billionaire investor Ron Baron in to support Tesla (TSLA) CEO Elon Musk’s controversial pay package next week when it comes up for vote at the EV maker’s shareholder meeting. Baron, chairman and CEO of Baron Capital, whose funds own Tesla stock, wrote in an open letter that Musk’s $56 billion pay package should be […]
Revolt has announced a new ownership structure after its founder, Sean “Diddy” Combs, stepped aside as chairman of the television and media company. Current employees will become the largest shareholder group of Revolt as Combs’ shares of the company have been fully redeemed and retired. More from Variety “This is something that we’ve been looking […]
Tesla CEO Elon Musk was accused of insider trading in a lawsuit filed Thursday by a Tesla shareholder in Delaware Chancery Court. Shareholder Michael Perry claims in the filing that Musk sold over $7.5 billion of shares of his electric car company in late 2022 before potentially disappointing production and delivery numbers were made public. […]
(Reuters) – A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the […]
The new CEO at seafood chain Red Lobster said an endless shrimp deal was a nail in the coffin for the brand, which filed for bankruptcy this week. While restaurants for the crab, lobster, and seafood brand remain open, incoming CEO Jonathan Tibus—a restructuring advisor—is picking over the decisions of his predecessor and appears to […]
(Bloomberg) — A coalition of Tesla Inc. shareholders is urging its peers to reject the $56 billion pay package for Chief Executive Officer Elon Musk that the company’s board has asked investors to approve again. Most Read from Bloomberg Amalgamated Bank, SOC Investment Group and six other signatories that hold a small portion of Tesla […]
On April 30, coffee giant Starbucks (NASDAQ: SBUX) reported financial results for its fiscal second quarter of 2024, and the stock was immediately crushed as a result. In a subsequent interview with CNBC, CEO Laxman Narasimhan identified the company’s problem from his perspective by saying: “We have not been able to communicate to [occasional customers] […]
(Reuters) – Tesla’s chair of the board said the company needs to climb “Mount Everest” as it faces shareholder votes on relocating to Texas and CEO Elon Musk’s $56 billion pay deal, the Financial Times reported on Friday. Robyn Denholm, who has held Tesla’s chairperson position since 2018, also dismissed criticism that she is too […]
Elon Musk was asked back in early 2021 whether it was high time to ditch his hostility to publicity campaigns and hire some real advertising professionals at Tesla. The CEO refused, essentially saying, why spend money on advertising when you have a massive fan following and your every word is covered by the press? In […]
By Tom Hals and Jody Godoy WILMINGTON, Delaware (Reuters) -A Tesla investor who successfully sued to void CEO Elon Musk’s $56 billion pay package asked a Delaware judge on Wednesday to prevent the electric carmaker from bucking the court’s authority by moving its legal home to Texas. Richard Tornetta’s legal team asked Delaware Chancellor Kathaleen […]