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BRUSSELS (Reuters) – European Union countries on Monday adopted a 14th package of sanctions against Russia over its 2022 invasion of Ukraine. The package includes an array of measures and targets Russia’s gas sector for the first time. The bloc also added 69 entities and 47 individuals to its sanctions…
Some institutional Tesla shareholders told Business Insider that approving Elon Musk’s record-shattering pay package was a mistake and that they have lingering concerns about Musk’s ability to lead the company.Reuters reported that Vanguard, the largest institutional shareholder with a 7% stake in Tesla, voted to approve the pay package.Yet despite…
By Ross Kerber (Reuters) – Tesla (NASDAQ:)’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday. In a note seen by Reuters, Vanguard said it had voted against Musk’s…
By Hyunjoo Jin, Aditya Soni and Ross Kerber SAN FRANCISCO (Reuters) – Elon Musk’s $56 billion pay package won 72% of votes cast by Tesla (NASDAQ:) investors, excluding the votes of himself and his brother, despite vocal opposition from a number of institutional investors and proxy advisory firms. The support…
By Abhirup Roy SAN FRANCISCO (Reuters) -Elon Musk’s army of small-investor allies took a victory lap on Thursday as the Tesla (NASDAQ:) CEO won a critical shareholder vote for his $56 billion pay package despite opposition from major institutions. Mom-and-pop investors, who hold an unusually high share of the electric-vehicle…
By Louise Rasmussen and Gwladys Fouche OSLO (Reuters) -Norway’s $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla (NASDAQ:) CEO Elon Musk’s $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The…
Several institutional shareholders of Tesla told Business Insider that Elon Musk’s decision to redirect a shipment of valuable Nvidia chips away from the EV company is further proof the CEO doesn’t deserve a multibillion-dollar pay package.In May, a group of eight Tesla shareholders wrote a letter urging other investors to…
The compensation plan, originally put into place in 2018, was struck down earlier this year by a Delaware judge who said the billionaire had undue influence over the board because of close ties to some of its members.Tesla is now putting Musk’s pay package to a shareholder vote on June…
Tesla was quick to fire back at Glass Lewis after the advisory firm encouraged shareholders to vote against the company’s $55 billion compensation plan for Elon Musk.In a letter to shareholders on Wednesday, Tesla slammed Glass Lewis, accusing the firm of “scaremongering” and faulty reasoning.”In its report, Glass Lewis omits…
The US and its allies are getting serious about a plan to finance Ukraine using interest earned on Russia’s frozen assets. Under the idea, these profits would be bundled together into a sizable loan, a possible means of survival for Kyiv.”Showing that we do have the means of translating earnings…
