DIRS.INFO The most relevant business & tech news

☆ Who can rein in Elon Musk? Someone you’ve probably never heard of
▼ + stars: | 2024-01-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But this week, a Delaware state judge handed down a message that Musk and other powerful men in America seldom hear: Nope. The outcome of Musk’s pay package dispute is the latest instance of a towering, brash business leader getting put in his place by the one institution powerful enough to do so: US courts. Kathaleen McCormick struck down Elon Musk’s 2018 Tesla pay package after an investor challenged it as excessive. Kathleen Flynn/ReutersAmong the threads connecting Musk, Trump and McMahon is a history of evading negative consequences. “And if that’s the case, let that be a message to other people: The litigation system actually does work.”The pay package dispute wasn’t McCormick’s first rodeo with Musk.

Persons: CNN Business ’, New York CNN — Elon Musk, Kathaleen McCormick, who’d, Donald Trump, Trump, Vince McMahon, McMahon, Elon, Kathleen Flynn, Eric Talley, Talley, ”, Musk, McCormick, McCormick didn’t, “ We’ve, ‘, ’ ” Talley, “, Katie McCormick Organizations: CNN Business, New York CNN, Bloomberg, World Wrestling Entertainment, Reuters, Trump, Columbia, Twitter Locations: New York, Delaware, America

☆ Maui wildfires: What we know about the deadliest US fire in over a century
▼ + stars: | 2023-08-14 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +10 min

While firefighters have made progress against the three largest wildfires, the deadly fire in hard-hit Lahaina is still not fully under control, Maui County Fire Chief Brad Ventura said Saturday. Mike Blake/ReutersThe most destructive and deadly of the fires, the Lahaina wildfire, traveled at an extraordinary speed, the governor said in a video update Sunday afternoon. “When the winds rose up – winds gusting as high as 81 miles per hour – fires spread rapidly,” Green said. Lahaina is the hardest hit areaVideo Ad Feedback The Maui fires destroyed their homes. People are still missing and just 3% of area was searchedA caretaker photographs the site of a home destroyed by the Maui wildfires in Kula, Hawaii on Sunday.

Persons: CNN — Crews, what’s, Josh Green, “ It’s, Brad Ventura, Mike Blake, ” Green, “, Lori Moore, Merrell, Richard T, Bissen, Deanne Criswell, King Kamehameha III, Keith Hayashi, ” Hayashi, John Pelletier, Patrick T, Fallon, Pelletier, Mazie, Brittany Talley, Timm “ TK ” Williams, Williams, Talley, ” Talley, weren’t, we’ll, Anne Lopez, ”, Jim Kelly, ” Kelly Organizations: CNN, ”, Federal Emergency Management Agency, Maui County Fire, Maxar Technologies, FEMA, Sunday, Maui Police, National Fire Protection Association, People, Getty, Sen, Hawaiian Electric Industries, Hawaiian Electric Locations: Maui, ” Hawaii, Lahaina, Maui County, Kula, Hawaii, Lāhainā, Kula , Hawaii, AFP, Kaanapali

☆ Analysis: Fed report on SVB collapse could buoy shareholder lawsuits
▼ + stars: | 2023-04-29 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

FILE PHOTO: The Silicon Valley Bank headquarters seen from the street in Santa Clara, California, U.S. March 13, 2023. The bank’s parent company, SVB Financial Group, entered bankruptcy on March 17. The Fed’s report concluded that SVB did not adequately hedge against risk, failed its own liquidity stress tests, and chased short-term profits at the expense of long-term stability. Rather than address these risks, the bank changed how it measured them, the report found. “I see this (Fed) report as being extraordinarily useful evidence to dangle in front of a judge or jury on class action lawsuits against accounting firms,” Cox said.

Search resuls for: "” Talley"

3 mentions found