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☆ Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
▼ + stars: | 2024-05-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing her total stock sales this year to more than $50 million. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing. In Denholm's early years on the Tesla board, she served on the audit committee. Before joining the Tesla board, Denholm served in executive roles at Sun Microsystems, and in finance roles at Toyota in Australia and at accounting firm Arthur Andersen. In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla's board, Denholm received "life-changing" compensation, which "far exceeded the compensation she received from other sources."

Persons: Robyn Denholm, Tesla, Denholm, Drew Baglino, Kathleen Wilson, Thompson, Elon Musk, hasn't, Musk, Arthur Andersen, —, Chancellor Kathaleen McCormick Organizations: Tesla Inc, American, of Commerce, Tesla, SEC, Sun Microsystems, Toyota Locations: Australia, Sydney, what's, Delaware

☆ Elon Musk is tightening his grip on Tesla
▼ + stars: | 2024-05-06 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Top Tesla exec Tom Zhu has been redeployed to China, Electrek reports. Several other top execs have left Elon Musk's company. Musk is consolidating power at Tesla as a vote over his $47 billion pay package looms. AdvertisementOne of Tesla's top executives has been reassigned to China in another sign that Elon Musk is tightening his grip on the electric carmaker. Prior to the move, Zhu had assumed more responsibilities at Tesla as Musk was increasingly occupied by X, according to Electrek.

Persons: Tom Zhu, —, Elon, Elon Musk —, Zhu, Musk, Zhu —, Tesla, Drew Baglino, Rohan Patel, That's Organizations: Elon Musk's, Service, China, X, Reuters, North, Business, Street Locations: China, Shanghai, Delaware

☆ Tesla's earnings report was worse than expected, but Elon Musk has a plan
▼ + stars: | 2024-04-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Tesla's earnings report and what comes next for the EV maker. The big storyTesla's turnaround planJADE GAO/AFP via Getty Images; Chelsea Jia Feng; BIBad news: Tesla's earnings report was worse than expected. AdvertisementPerhaps that's why Musk spent so much of the earnings call discussing autonomy and the progress made with Tesla's Full Self-Driving software . Musk told analysts on the earnings call that Tesla is the majority of his work . If investors vote against the package at Tesla's annual meeting in June, who knows where Musk — and his AI ambitions — will end up .

Persons: —, Chelsea Jia Feng, Elon Musk, Tesla, Musk, hasn't, Insider's Linette Lopez, Matt Anderson, Tyler Le, JPMorgan's Marko Kolanovic, Kolanovic, Cathie, Stocks, Goldman Sachs, Gerard Julien, Elon Musk's, Carl Godfrey, Joe Biden, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images, Tesla, Getty, EV, Musk's, Intel, Micron Technology, Microsoft, BI America, Amazon, Boeing, Meta, IBM, US Locations: Delaware, Outflows, United States, China, Idaho, New York, London

☆ Elon Musk may have a point in his fight against Brazil, but he's not actually helping
▼ + stars: | 2024-04-10 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

Elon Musk said he would ignore the order and demanded that Brazil uphold free speech principles. Musk's voice isn't helping the country's debate on free speech, a civil liberties expert told BI. AdvertisementElon Musk is wading into a war with Brazil over orders from the country's Supreme Court to ban certain X accounts that helped spread election misinformation. However, the country's protection of free speech is not absolute, giving the federal government greater discretion to ban certain types of speech — like hate speech. And it's this type of speech that Musk is going to bat for in Brazil — speech that can have serious implications for the country.

Persons: Elon Musk, —, Elon, isn't, Musk, Alexandre de Moraes, de Moraes, De Moraes, Jair Bolsonaro, Alimonti, Bolsonaro, Donald Trump, country's, brazenly, Jack Dorsey, Charles Breyer, Musk's, Breyer Organizations: Brazilian, Court, Service, Associated Press, Electronic Frontier Foundation, Nazi, Musk, Business, X Corp, Media Matters Locations: Brazil, China, India, Turkey

☆ Clash with Elon Musk prompts calls for social media controls in Brazil
▼ + stars: | 2024-04-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Supreme Court Justice Alexandre de Moraes announced Sunday that he would open an inquiry into the billionaire businessman who owns X. Musk suggested that Moraes was behind the ban, writing Sunday on X that the judge had “brazenly and repeatedly betrayed the constitution and people of Brazil. “As a result, we will probably lose all revenue in Brazil and have to shut down our office there. X has faced criticism for accommodating government censorship demands in the past, with Musk saying the company has no choice but to comply. For example, it blocked some X accounts in Turkey at the behest of the government ahead of the country’s elections last year, while at the same time contesting the orders in court.

Persons: London CNN —, Elon Musk, Jorge Messias, Alexandre de Moraes, ”, Orlando Silva, Suamy, Jair Bolsonaro, Musk, Moraes, “ brazenly, “, X Organizations: London CNN, Elon, Sunday, Brazil ” Locations: Brazilian, Brazil, Brasilia, United States, Turkey

☆ Elon Musk’s reversal on blue checkmarks shows his desperation to lure high-profile users back to X
▼ + stars: | 2024-04-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —Elon Musk has given up, restoring the “lords and peasants” blue checkmark system he once admonished and assailed as elitism. “Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit,” Musk wrote in November 2022. But most journalists and other notable users who once sported the checkmark declined to fork over the cash. Even worse, trolls impersonating the identities of others were granted blue checkmarks, stripping the symbol of its core value: identity verification. A representative for X did not respond to a request for comment on Musk’s move to restore the blue checkmarks.

Persons: New York CNN — Elon Musk, Twitter’s, X, Musk, ” Musk, Musk —, —, “ Organizations: New York CNN Locations: New York

☆ Mark Cuban is doubling down on backing DEI, saying it's boosted his bottom lines
▼ + stars: | 2024-04-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

I know DEI is a positive because I see its impact on bottom lines. Cuban told BI. Advertisement"You may not agree, but I take it as a given that there are people of various races, ethnicities, orientation, etc that are regularly excluded from hiring consideration," Cuban told Musk in January. In March, Cuban told podcaster Lex Fridman that "it's fun to engage" with Musk on diversity initiatives. "When we start talking about DEI and that it's de facto racist — this stuff that I just think is nonsense — I have no problem sharing my opinion," Cuban told Fridman.

Persons: —, Cuban, That's, Christopher Rufo, Jordan Peterson, Peterson, Christopher, Jordan, — Mark Cuban, Elon, Musk, podcaster Lex Fridman, Fridman Organizations: Service, Business, Twitter, BI, Fortune, DEI Locations: Cuban

☆ It's hard to compete with Elon Musk when recruiting AI talent, CEO says
▼ + stars: | 2024-03-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Perplexity CEO Aravind Srinivas said Elon Musk's xAI is stiff competition in the recruiting space. The AI CEO said Musk's company offers the highest compensation at the moment. Aravind Srinivas, the CEO of the AI company Perplexity, said it can be difficult to compete with the Tesla CEO when recruiting. Musk launched his own AI startup, xAI, last year and Srinivas said it has since become one of the highest-paying companies for AI talent — on par with OpenAI. In January, Financial Times reported that Musk's AI venture was in talks to raise $6 billion at around a $20 billion valuation.

Persons: Aravind Srinivas, Elon Musk's, It's, —, Elon Musk, Tesla, Musk, Srinivas, OpenAI, Alex Heath, Perplexity, Heath, OpenAI's ChatGPT, xAI's, Patrick Collison, Collison, Srnivas, he'd, Mark, Fortune, X Organizations: Service, OpenAI, Street Journal, Financial Times, xAI, TechCrunch, Twitter, SpaceX, Musk .

☆ Elon Musk says Trump 'came by' while he was eating breakfast, did not ask for money
▼ + stars: | 2024-03-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Elon Musk said his March 3 meeting with Donald Trump in Florida was not planned, and that the presumptive Republican presidential nominee did not ask Musk to contribute to his campaign. Musk told Lemon he did not go to Florida with the express purpose of meeting with Trump. Trump did not ask for money or any other form of donation, Musk said. "I'm not paying his legal bills in any way, shape or form … and he did not ask me for money," said Musk. The day after the Times story was published, Musk announced that he did not plan to give money to Trump or Biden.

Persons: Elon Musk, Donald Trump, Musk, Don Lemon, Joe Biden —, Lemon, Trump, hasn't, I'm, Biden Organizations: CNN, SpaceX, Trump, New York Times, Times, US Locations: Florida, Palm Beach

☆ Sam Altman said he'd 'pick a different name' for OpenAI if he could go back in time
▼ + stars: | 2024-03-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewSam Altman suggested OpenAI may not be the most ideal name for the artificial intelligence company — at least in hindsight. "We started off just thinking we were going to be a research lab and having no idea about how this technology was going to go," Altman told Fridman. "This was before we had any idea about an API or selling access to a chatbot," Altman said on the podcast. But Altman told Fridman that he doesn't really understand what Musk's "real motivations" are. "Speaking of going back with an Oracle, I'd pick a different name," Altman told Fridman.

Persons: —, Sam Altman, OpenAI, Elon Musk, Lex Fridman's, Altman, Fridman, Musk Organizations: Service, Elon, Business, Oracle

☆ Seems Like Elon Musk Wanted to Take Over OpenAI to Help Save Tesla
▼ + stars: | 2024-03-10 | by ( Linette Lopez | ) www.businessinsider.com time to read: +7 min

We know that the development process was running late and over budget, so Musk needed capital. We did not know he'd suggested that OpenAI raise $1 billion, merge with Tesla, and name him CEO. He's angry at OpenAI for giving other investors the opportunity to invest in a powerful company he wanted for himself. So now Musk is turning back to OpenAI, hoping the latest charmless offensive can help shore up his empire. If Musk indeed believed OpenAI needed him or Tesla to succeed, he was as belligerent about it as he was wrong.

Persons: Elon Musk, Tesla, Musk, he'd, OpenAI's, OpenAI, he's, Greg Brockman, Sam Altman, didn't, Brockman, It's, Altman, Tesla's Organizations: Tesla, Google, Facebook, Altman Locations: Shanghai, China, OpenAI

☆ Elon Musk's wealth is down by almost $40 billion this year — and it's only March
▼ + stars: | 2024-03-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The Tesla CEO's wealth has dropped by almost $40 billion since the start of 2024. The EV maker's sagging stock price has taken its toll on Musk's net worth. The Tesla CEO's net worth has plunged by almost $40 billion this year, according to the Bloomberg Billionaires Index. AdvertisementThe LVMH chief is worth $197 billion, $1 billion more than Bezos, after adding $18 billion to his worth this year. Most of Musk's wealth comes from his 21% stake in the EV maker.

Persons: Elon, —, Jeff Bezos, He's, Bernard Arnault, it's, Arnault, Musk Organizations: Service, Tesla, Bloomberg Locations: China, Delaware

☆ The OpenAI Files: Sam and co bring the receipts on Elon's involvement
▼ + stars: | 2024-03-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI publicly fired back at Elon Musk's lawsuit on Tuesday in a blog post that revealed new details about Musk's relationship with the company. Lawyers for Musk and representatives for OpenAI did not immediately respond to requests for comment from Business Insider. In his lawsuit filed Friday, Musk accused OpenAI and its leaders of abandoning their open-source principles by partnering with Microsoft. "Elon soon chose to leave OpenAI, saying that our probability of success was 0, and that he planned to build an AGI competitor within Tesla," the blog post reads. The Tuesday blog post, which says OpenAI intends to move to dismiss all of Musk's claims, ends with assurances that, despite Musk's accusations, OpenAI is "focused on advancing our mission" and has "a long way to go."

Persons: —, we've, Musk, OpenAI, Sam Altman, Greg Brockman, Altman, Brockman, Elon, Reid Hoffman, Ilya Sutskever, Tesla, et Organizations: Service, Elon, Business, Musk, OpenAI, Microsoft, Google

☆ Off the Board Game, Onto the Digital Canvas
▼ + stars: | 2024-03-06 | by ( Travis Diehl | ) www.nytimes.com time to read: +1 min

The capricious churn of internet-charged culture is producing more main characters, apocrypha and relics than we can handle. Simon Denny, an artist working in Berlin, creates sculptures, installations, videos and prints inspired by the aesthetics of tech companies. In two concurrent shows in Manhattan he has seized on omens like the blade to explore the sociopolitical fallout of the technology industry’s taste for medieval lore. In Denny’s telling, dreams of wizards and blacksmiths, dark forests and dank castles shape the newest digital realms. The sculpture is plugged into a power strip that Denny sourced from a liquidation sale at Twitter during its Musk-mandated transition to X.

Persons: Grimes —, Elon Musk —, Simon Denny, ”, Denny Organizations: Twitter Locations: Canadian, Berlin, Manhattan, New York, Grimes

☆ 3 Waltons are worth a combined $224 billion — more than Elon Musk — thanks to Walmart's stock surge
▼ + stars: | 2024-02-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Three heirs to the Walmart fortune have more than doubled their personal wealth since 2016. Rob, Jim, and Alice Walton have added more than $100 billion to their net worth in recent years. AdvertisementThree Walmart heirs have more than doubled their money since 2016, adding more than $100 billion to their combined fortunes. Legendary founder Sam Walton's three surviving children — Rob, Jim, and Alice — all hold top-20 spots on the Forbes rich list with personal fortunes of between $70 billion and $77 billion. This story is available exclusively to Business Insider subscribers.

Persons: Rob, Jim, Alice Walton, —, Sam Walton's, Alice — Organizations: Walmart, Service, Forbes, Business

☆ Elon Musk's X suspends some India accounts after order from Modi government
▼ + stars: | 2024-02-22 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +3 min

Elon Musk's social media platform X said Thursday it will block certain accounts and posts from India in response to executive orders by the government. X said it did not agree with the order but failure to comply would subject the company to "potential penalties including significant fines and imprisonment." Tens of thousands of Indian farmers — mostly from the northern state of Punjab — have been protesting since mid-February in renewed calls for better crop prices which were promised to them in 2021. In October, the Modi government warned Musk that X would have to comply to country's new and upcoming IT rules. However, it has written an appeal challenging the Indian government with accounts that are pending to be blocked, the company said.

Persons: Elon, X, Jack Dorsey —, Musk —, Narendra Modi's, Modi, Musk, Naman Tandon Organizations: Global Government Affairs, CNBC, country's Ministry of Information, Broadcasting, Reuters, Twitter Locations: Punjab, Haryana, Ambala, India, New Delhi, Delhi, Pakistan, Sri Lanka

☆ Why Jack Dorsey's failure led to Elon Musk's arrival at Twitter
▼ + stars: | 2024-02-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +12 min

Elon Musk's chaotic takeover of Twitter was enabled by Jack Dorsey's hands-off leadership style. AdvertisementThe world has been able to watch the chaos that ensued after Elon Musk bought Twitter, more or less in real time. AdvertisementI talked to Wagner about Twitter under Jack Dorsey, and Twitter and Musk, and what happens next. Former Twitter CEO Jack Dorsey quiet quitsPeter Kafka: What was your sense of Jack Dorsey before you got into this project? I think Elliott forced his hand on that front and made the job really, really un-fun for him.

Persons: Elon, Jack Dorsey's, Kurt Wagner, Musk, —, Elon Musk, Jack Dorsey, Kurt Wagner's, Wagner, Dorsey, Peter Kafka, He's, That's, it's, Elliott, Covid, Jack, JOSH EDELSON, he'd, Twitter, Antonio Masiello, “, There's, they've, Esther Crawford, I'm Organizations: Twitter, Service, Elon, Bloomberg, Elliott Management, San, Getty, Journal Locations: San Francisco

scores bigIn many ways, the N.F.L. couldn’t have asked for a better outcome for the Super Bowl. The game was a place to see and be seen. Yes, Swift arrived in time from Japan to cheer on her boyfriend, the Chiefs star Travis Kelce. And A-list celebrities like Jay-Z, Beyoncé and LeBron James were spotted at Allegiant Stadium in Las Vegas.

Persons: couldn’t, Usher, Taylor Swift, Swift, Travis Kelce, Jay, LeBron James, Elon Musk —, Tim Cook, Jack Dorsey Organizations: Super, Kansas City Chiefs, Chiefs, Elon, Apple, Twitter Locations: Japan, Las Vegas

☆ Neuralink is less advanced than these 4 brain-computer devices. See Elon Musk's competition.
▼ + stars: | 2024-02-08 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +10 min

Elon Musk's brain-computer interface company, Neuralink, has implanted into a first human patient. AdvertisementElon Musk announced his brain interface company, Neuralink , implanted its first human brain chip last week. Courtesy of Blackrock NeurotechToday, most people who have a BCI implanted in their head have a Blackrock device. For now, all implanted BCIs are a way for people with severe forms of paralysis to regain independence, using their thoughts to control devices and access the internet. The neurodegenerative condition rendered key muscles in her face limp, but a BCI device is helping her communicate again.

Persons: Elon, Musk, who've, —, Elon Musk, you'd, Blackrock Neurotech, Florian Solzbacher, Marcus Gerhardt, BrainGate Pat Bennett, Steve Fisch, Stanford Medicine BrainGate, Matthew Nagle, Nagle, they're, Gerhardt, Leigh Hochberg, Synchron, Dr, Thomas Oxley, Angela Weiss, stentrode, Musk —, Max Hodak, Hodak, didn't, Ann Johnson, Dutchman Gert, Jan Oksam, Oksam, we'll, Stephen Hawking Organizations: BCI, Service, Twitter, Blackrock, Blackrock Neurotech, Stanford Medicine, Brown University, BrainGate, Getty Images, Reuters, Bloomberg, University of California, Lausanne University, California –, Elon Locations: Massachusetts, Utah, Blackrock, Getty Images Brooklyn, Australia, San Francisco, Switzerland, California

☆ Elon Musk's lawyer is helping Adam Neumann as he tries to buy back WeWork
▼ + stars: | 2024-02-07 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Adam Neumann is trying to buy back WeWork, the now-bankrupt company he cofounded. He's being aided by lawyer Alex Spiro, who helped Elon Musk take over Twitter in 2022. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdam Neumann is trying to buy back WeWork – with the help of a lawyer close to Elon Musk.

Persons: Adam Neumann, He's, Alex Spiro, Elon Musk, Jay, Megan Thee, —, Neumann, Quinn Emanuel Urquhart, Sullivan who's, Musk, Spiro, Quin Emanuel, Tesla, Vernon Unsworth, Randeep Hothi, Jeanine Zalduendo, Zalduendo, Bobby Shmurda, Robert Kraft, Dinesh D'Souza, Thabo Sefolosha Organizations: Twitter, Service, New York Times, Bloomberg, Bloomberg Law, SpaceX, Securities and Exchange Commission, JPMorgan Chase, New England Patriots Locations: British, Alameda County, Los Angeles

The big stakes of Musk’s outsize pay dealAn unusual pay package that Tesla devised in 2018 helped make Elon Musk the world’s wealthiest individual. The backstory: In 2018, Tesla set out 12 milestones tied to market capitalization, revenue and profit targets that Musk needed to reach to qualify for a stock package that is now worth over $50 billion. Experts thought it would be impossible to hit. Yet Musk — who told Andrew at the time that Tesla would hit a $1 trillion market cap within a decade — pulled it off. Shareholders sued, however, arguing that the plan was devised unfairly, with Musk essentially creating his own pay package with the help of allies on the Tesla board.

Persons: Tesla, Elon, —, Andrew Organizations: Shareholders Locations: Delaware

A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company's board of directors failed to prove "that the compensation plan was fair" or show much evidence that they had even negotiated with him. The pay package that Tesla granted Musk in 2018 was the largest compensation plan in public corporate history, McCormick noted in her 200-page ruling. He claims that Tesla, Inc.'s directors breached their fiduciary duties by awarding Elon Musk a performance-based equity-compensation plan." "Put simply, neither the Compensation Committee nor the Board acted in the best interests of the Company when negotiating Musk's compensation plan. But in a tweet late Tuesday afternoon, Musk wrote, "Never incorporate your company in the state of Delaware."

Persons: Elon, Twitter —, Elon Musk, Richard Tornetta, Chancellor Kathaleen McCormick, Tesla, McCormick, Musk, Tornetta, Todd Maron, Grant Organizations: SpaceX, Twitter, New York Times, Tesla, Delaware Supreme Court, Inc, Elon, Company, Musk, CNBC, CNBC PRO Locations: New York City, Delaware

☆ Tesla shares slide after judge voids Elon Musk's $56 billion compensation
▼ + stars: | 2024-01-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Elon Musk — the CEO of Tesla and SpaceX and owner of X, formerly Twitter — speaks during the New York Times annual DealBook summit in New York City, Nov. 29, 2023. A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company's board of directors "failed that the compensation plan was fair." Tesla's share price slid about 3% in after-hours trading Tuesday following news of the decision in the lawsuit filed by Richard Tornetta, a shareholder in the electric automaker. "The plaintiff is entitled to rescission," Delaware Chancery Court Judge Kathaleen McCormick wrote in his ruling agreeing that Musk's pay package was inappropriately set by Tesla's board. Please check back for updates.

Persons: Elon, Twitter —, Elon Musk, Richard Tornetta, Judge Kathaleen McCormick, McCormick Organizations: SpaceX, Twitter, New York Times, Tesla Locations: New York City, Delaware

☆ Elon Musk claims X has less antisemitic content than peers, following visit to Auschwitz
▼ + stars: | 2024-01-22 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk — who was widely criticized for an antisemitic post on his social media site, X, two months ago — said following a visit to Auschwitz Monday that X has less antisemitic content than other social media platforms. Musk made the comments during an interview at a conference hosted by the European Jewish Association near the site of the Auschwitz in Poland. It comes after Musk faced a firestorm of backlash over antisemitic content on X, including a post with an antisemitic conspiracy theory that Musk himself amplified (and later apologized for in the wake of condemnation.) Musk later apologized for the post, but told advertisers who halted their spending on X over concerns about antisemitic content to “go f**k” themselves. As part of Monday’s event, the billionaire appears to have made a visit to Auschwitz along with his young son.

Persons: New York CNN — Elon Musk, —, Musk, “ It’s, you’ve, ” Musk, we’ve, Whites, “, Elon Musk, Andrzej Rudiak, ” Organizations: New, New York CNN, Auschwitz, European Jewish Association, White, Defamation League, ADL Locations: New York, United States, Auschwitz, Poland, Israel, Nazi

☆ The American Dream is 'rapidly diminishing,' Walgreens boss says in plea to raise taxes for the wealthy
▼ + stars: | 2024-01-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Walgreens Boots Alliance's executive vice president, John Driscoll, penned a letter asking lawmakers in the US and abroad to tax the wealthy. Driscoll echoed the pleas of entrepreneurs, an heiress, and activists in his demand to save the "rapidly diminishing American Dream." Advertisement"In this spirit, I call on national and international lawmakers to do whatever it takes to tax wealthy people like me," Driscoll wrote. "I agree that we should make elaborate tax-avoidance schemes illegal, but acting upon that would upset a lot of donors, so we will see words, but no action," Musk wrote in June. In his tax letter, Driscoll cited a report from the Economic Policy Institute that CEOs made 399 times as much as a typical employee in 2021.

Persons: —, John Driscoll, Driscoll, Switzerland that's, Daniel Werfel, Elon Musk —, Joe Biden, Musk Organizations: Service, Walgreens Boots, Business, IRS, Analysts, EU Tax Observatory, Economic Policy Institute Locations: Davos, Switzerland

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