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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a 'long legal road ahead' in restoring Elon Musk's Tesla pay package: Tulane’s Ann LiptonAnn Lipton, Tulane University associate professor in business law and entrepreneurship, joins 'Squawk Box' to discuss the fallout from Tesla's shareholder vote to restore CEO Elon Musk's pay package, how the result could impact the judge's ruling in Delaware, what's next for Tesla, and more.
Persons: Tesla, Tulane’s Ann Lipton Ann Lipton, Elon Musk's, what's Organizations: Tulane University, Tesla Locations: Elon, Delaware
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's legally questionable whether Musk can undo the judge's ruling on Tesla pay: Tulane's Ann LiptonAnn Lipton, Tulane University associate professor in business law and entrepreneurship, joins 'Squawk Box' to discuss next week's Tesla shareholder vote on Elon Musk's pay package, whether the vote can undo the judge's prior ruling, and more.
Persons: Tulane's Ann Lipton Ann Lipton Organizations: Tulane University, Elon
Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.
Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, , Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, , Los Angeles, Texas, New York City
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 . After graduating with a psychology degree in 2010, I went into business with my mom, Ann Lightfoot. What started as a mother-daughter duo organizing closets and hauling trash has turned into a successful business with 14 employees. Clients started pouring in.
Persons: Kate Pawlowski, Ann Lightfoot, Pawlowski, , It's, I've, Lightfoot, Julia D'Agostino, We've, we've, Decluttering Organizations: Service, Facebook Locations: Montclair , New Jersey, New York
American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.
Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S
A judge recently voided Elon Musk's $55 billion compensation package at Tesla. AdvertisementA Delaware judge recently ruled that Elon Musk should not get a $55 billion compensation package for his work at Tesla despite his contributions to the company. So now that Musk's compensation has to be renegotiated, will other executives kiss their massive bonuses, stock options, and paychecks, goodbye? The more Tesla was worth, the higher Musk's compensation would get. "I don't know whether individual CEOs are panicking or taking Elon Musk as a role model, thinking, 'Well, if he doesn't like Delaware, then I have to move out of Delaware,'" Lipton said.
Persons: , Elon, Tesla, I'm, James, Kathaleen McCormick, Musk, Musk Ann Lipton, Lipton, Musk's, Kimbal, Elon Musk Organizations: Elon Musk's, Tesla, Service, University of California, Delaware Supreme, Tulane University, Business Locations: Delaware, Los Angeles
Antonio Masiello | Getty ImagesTwo weeks after a Delaware court ruled that Tesla must rescind Elon Musk's $56 billion pay package, the company's board remains mum on what the decision means for shareholders or what's next for the mercurial CEO. CNBC sent requests for additional information to Tesla investor relations, Musk and some board members. "Given the high stakes involved, it is likely that Tesla will appeal the decision," Kastiel said in an email. In the absence of a successful appeal, "any new compensation arrangement with him will have to be assessed" in light of McCormick's decision, Kastiel said. Kastiel also said that the decision likely makes Musk and Tesla more vulnerable to other types of lawsuits.
Persons: Elon Musk, Antonio Masiello, Tesla, Chancellor Kathaleen McCormick, Musk, Richard Tornetta, Kimbal, Robyn Denholm, JB Straubel, Greg Varallo, Bernstein Litowitz Berger, Grossmann, Varallo, Kobi, Kastiel wasn't, Kastiel, Eric Talley, Talley, wasn't, He's, Walter Isaacson, CNBC's, you'll, Isaacson, Ann Lipton, Lipton, Organizations: Tesla Inc, Fratelli, Getty, Elon Musk's, SEC, CNBC, Tel Aviv University, Washington University Law, Nasdaq, Columbia Law School, SpaceX, Tesla, Tulane Law Locations: Italy, Rome, Delaware, Texas, Tesla, Nevada, California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTulane Law professor Ann Lipton on Elon Musk's pay package, legal impact of Tesla's move to TexasAnn Lipton, Tulane Law professor, joins 'Squawk Box' to discuss the fallout from a Delaware judge's ruling invalidating Elon Musk's $56 billion pay package, the legal implications of Tesla's move from Delaware to Texas, and more.
Persons: Ann Lipton, Texas Ann Lipton Organizations: Tulane, Elon, Elon Musk's Locations: Texas, Delaware
(AP) — A Nebraska lawmaker behind a new law that allows millions in state income tax to go to private school tuition scholarships is now targeting the referendum petition process that could allow state voters to repeal it. The bill would allow a person to have their name removed by sending a signed letter to the Nebraska Secretary of State. Photos You Should See View All 45 ImagesThe new law does not appropriate taxpayer dollars directly to private school vouchers. Instead, it allows businesses and individuals to donate up to $100,000 per year of their owed state income tax to organizations that award private school tuition scholarships. When I told them that the petition was against school choice, they were upset.
Persons: LINCOLN, Omaha Sen, Lou Ann Linehan, Linehan, , , Bob Evnen, Clarice Jackson, Jackson, they'd, Sen, Danielle Conrad, Conrad Organizations: , Nebraska, State, Government, Military, Veterans Affairs Committee, Republican, Nebraska Legislature, American Civil Liberties Union of Nebraska Locations: Neb, Nebraska, Omaha
With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.
Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware
WTA roundup: Ashlyn Krueger wins 1st title at Japan Open
  + stars: | 2023-09-18 | by ( ) www.reuters.com   time to read: +2 min
[1/2] FILE PHOTO:Aug 6, 2023; Montreal, Quebec, Canada; Camila Giorgi (ITA) hits a forehand against Ashlyn Krueger (USA) (not pictured) in second round qualifying play at IGA Stadium. 123 in the world, Krueger, 19, entered the week without a main-draw win on hard court this year and had never advanced past a quarterfinal of a WTA event. Krueger had the edge in aces, 7-3, and never had to save a break point in the 96-minute match. She broke Zhu on her first service game of the match, and Zhu was 1-for-2 in saving break points. "I think I was very aggressive today, playing a lot of really aggressive tennis and using my serve," said Krueger, who recorded 28 winners to 13 for her opponent.
Persons: Camila Giorgi, Ashlyn Krueger, Eric Bolte, Ashlyn Krueger didn't, Zhu Lin, Krueger, China's Zhu, Zhu, Grace Min, Elise Mertens, Yanina, Mertens, Jasmine Paolini, Louisa Chirico, Karolina Pliskova, Ena Shibahara, Sloane Stephens, Ann Li, Canada's Leylah Fernandez breezed, Asia Muhammad, Taylor Townsend, Hailey Baptiste, Eugenie Bouchard of Canada, Dayana, Martina Trevisan, Cristina Bucsa Organizations: IGA, Japan, WTA, Dallas, United, Thomson Locations: Montreal, Quebec, Canada, Osaka, Guadalajara, Mexico, Ukraine, United States, Italy, Czech, Japan, U.S, Asia, Alycia, Spain, Belarus
The United States is home to an enormous array of animal industries — including industrial agriculture, fur farming and the exotic pet trade — that pose a significant risk of creating infectious disease outbreaks in humans, according to a new report by experts at Harvard Law School and New York University. Moreover, the nation “has no comprehensive strategy” to mitigate the dangers posed by these practices, many of which operate with little regulation and out of public view, the authors concluded. “The risk is staggering, because our use of animals is staggering,” said Ann Linder, the report’s lead author and an associate director at Harvard’s animal law and policy program. “And we don’t even really understand where that risk is.”Zoonotic diseases, or those that spread from animals to humans, account for roughly 60 percent of all known infectious diseases and 75 percent of new and emerging ones, according to the Centers for Disease Control and Prevention. Although the exact origins of the Covid-19 pandemic remain murky, the possibility that the coronavirus might have first jumped into humans at a live animal market in Wuhan, China, prompted calls to shut down these so-called wet markets, especially in Asia.
Persons: , , Ann Linder Organizations: Harvard Law School, New York University, Centers for Disease Control Locations: States, Wuhan, China, Asia
Investors are using provisions in Delaware corporate law to demand internal Fox records to investigate how Fox's leaders acted as its Fox News network aired segments on Trump's false claims that he lost the 2020 presidential election due to voter fraud, two sources confirmed. In moves not previously reported, shareholders are looking for records such as board minutes, emails and texts that may contain evidence that Fox directors and executives were derelict by allowing the network to air the false claims. It was not clear how many Fox shareholders are pursuing information demands. Fox has argued that Dominion's case falls short of proving actual malice and its damages request is "untethered from reality." If Fox prevails in the Dominion case, the shareholders' cases would not be as strong, said Ann Lipton, a professor at Tulane University Law School.
When Putin invaded Ukraine, he miscalculated the response from Western countries. NATO has been largely united in its response to Russia's war, consistently providing Kyiv with military aid. Russian President Vladimir Putin has effectively succeeded in remaking the Western bloc, Araud said, adding that "the Western alliance is back." After the Soviet Union collapsed, both Finland and Sweden became NATO partner countries but stopped short of pursuing full membership. Even under the intense pressure of war, the alliance is "holding the way that they have in the past," he said.
An attorney for Musk, as well as Tesla and several directors who are also defendants, declined to comment. Musk surrendered the Tesla chairman position and agreed to let a company lawyer vet some of his tweets. He won a bench trial in Delaware's Court of Chancery last year over claims by Tesla shareholders that he allegedly coerced the Tesla board into buying SolarCity, a rooftop solar panel maker. Tesla shareholders had sought billions in damages and they have appealed. Around half are dismissed for failing to comply with securities law and most of the rest are settled.
Elon Musk told CEOs on Wednesday to tweet more as it has "worked quite well" for him. But, experts say posting on social media can cause major issues for executives and their brands. Ultimately, legal experts say posting on social media is too risky for most CEOs. Executives' comments on social media could also fail to translate to younger generations with different values and worldviews, said Anat Alon-Beck, a business law professor at Case Western Reserve University. So while Musk may have built up a huge following with his off-the-cusp tweets and jokes, for most CEOs, the risks of tweeting are likely too great.
[1/2] SpaceX Chief Engineer Elon Musk gestures during a joint news conference with T-Mobile CEO Mike Sievert at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. REUTERS/Adrees LatifCompanies Twitter Inc FollowTesla Inc FollowWILMINGTON, Del., Nov 7 (Reuters) - As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker. The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing. Does Elon Musk work for the board or does the board work for Elon Musk," said Minor Myers, a professor at UConn School of Law. Myers said if the pay package is rescinded, the board could simply create a new one and do so with McCormick's ruling to guide them.
ET to close his deal with Twitter or a trial date will be set. If Musk becomes Twitter's new owner, Twitter will undergo a chapter of major change and likely layoffs. When Musk initially filed to end the court case and buy the company at the original price, Twitter appeared wary of the billionaire's intentions. The company has said it will not close the deal until Musk can prove he has funding in place. Last week, The Washington Post reported that Musk planned to cut about 75% of the company's staff.
What everyone is now waiting on: Musk needs to actually have the money to hand over. Much of the sticking point between Musk and Twitter (TWTR) now appears to be over uncertainty around the status of those financing arrangements. Many legal experts think Musk really is planning to close the deal this time, the most certain anyone has sounded since he first said the deal was “on hold” in May and moved to terminate the agreement in July. Musk is likely trying to help Morgan Stanley market the debt to other investors before telling them to hand him the money to close the deal, according to Lipton. According to the merger agreement, Musk could in theory walk away from the deal with a $1 billion breakup payment to Twitter if his debt financing were to fall through.
Hundreds of Elon Musk's texts could work against him in his court battle with Twitter, experts say. The messages appear to show Musk was aware of issues with bots ahead of offering to buy the company. The hundreds of texts between Musk and some of Silicon Valley's most powerful players offer fresh insight into Musk's plans for Twitter. But Musk's private texts appear to tell a story that is "in tension with his lead argument," Schettenhelm told Insider. "Purging fake users will make the numbers look terrible, so restructuring should be done as a private company," he texted Taylor, according to the cache of documents released Thursday.
COPENHAGEN, Sept 28 (Reuters) - The suspected sabotage against the Nord Stream gas pipelines does not constitute an attack on Sweden, Foreign Minister Ann Linde told SVT public television on Wednesday. "This is not an attack against Sweden because it is not in our territory" Linde said. Register now for FREE unlimited access to Reuters.com RegisterDenmark and Sweden on Tuesday said major leaks on the two Nord Stream pipelines in the Baltic Sea were caused by deliberate acts of sabotage carried out in each of the two countries' exclusive economic zones. The blasts hitting Nord Stream 1 and 2 did not represent a direct military threat or attack on Sweden or Denmark, the Swedish and Danish prime ministers said late on Tuesday. Map of Nord Stream pipelines and locations of reported leaksRegister now for FREE unlimited access to Reuters.com RegisterReporting by Stine Jacobsen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Damage to the Nord Stream pipelines was caused by intentional acts of sabotage, Denmark said. The Nord Stream 1 and Nord Stream 2 pipelines have been leaking natural gas into the Baltic Sea. The Danish military captured footage on Tuesday of natural gas swirling at the sea's surface, and published photographs of the massive spill. After Russia's late-February full-scale invasion of Ukraine, Moscow suspended gas flow through the newer Nord Stream 2, which wasn't yet operational. More recently, it has stopped gas flow through what was previously a fully operational Nord Stream 1.
Experts told Insider the Twitter whistleblower's hearing did little to aid Elon Musk's legal case. Musk's legal team has amended its countersuit against Twitter to include Zatko's claims. Another avenue for Musk's team could be if the FTC imposes a fine or revisits its 2011 settlement with Twitter. But, Zatko appeared to have no firsthand knowledge of FTC compliance issues in his testimony, experts said. Zatko has been subpoenaed for the $44 billion court battle between Musk and Twitter.
Sursa foto: digi24.roMiniştrii de Externe din Germania, Spania şi Suedia fac apel pentru reducerea arsenalelor nucleare în lumeMiniştrii de externe ai Germaniei, Spaniei şi Suediei au lansat luni un apel puterilor nucleare, invitându-le la o reducere considerabilă a arsenalelor strategice, înaintea deschiderii în aceeaşi zi a unei reuniuni pe tema dezarmării nucleare la Madrid, relatează dpa. O reuniune va avea loc luni în cadrul Iniţiativei de la Stockholm, ce grupează 16 ţări care pledează pentru reducerea arsenalelor nucleare pe plan mondial. Potrivit estimărilor, cele nouă state care deţin arsenale nucleare dispuneau de circa 13.080 de focoase nucleare la începutul anului 2021, în scădere cu 13.400. Aproximativ 3.825 de focoase au fost desfăşurate în cadrul forţelor operaţionale, în creştere faţă de 3.720 cu un an înainte. Aproape toate cele 2.000 de ogive nucleare plasate în stare de alertă operaţională aparţineau Rusiei şi SUA.
Persons: Arancha Gonzalez, Ann Linde, Joe Biden, Vladimir Putin Organizations: Agerpres Locations: Germania, Spania, Suedia, Germaniei, Spaniei, Suediei, Madrid, Maas, Arancha, Stockholm, SUA
Aureliu Ciocoi și Ann Linde: Există necesitatea intensificării dialogului politic bilateralRelațiile moldo-suedeze se află într-un stadiu ascendent. Pe parcursul anului curent, există necesitatea intensificării dialogului politic bilateral, extinderea cooperării sectoriale și valorificarea proiectelor de dezvoltare implementate în Republica Moldova cu susținerea Suediei. Mențiunile au fost făcute de ministrul interimar al afacerilor externe și integrării europene Aureliu Ciocoi și Ann Linde, ministrul afacerilor externe al Suediei, în cadrul unei întrevederi la Roma, transmite IPN. Oficialii au abordat proiectele de mediu în Republica Moldova, precum și cele în domeniul egalității de gen și combaterii violenței, realizate prin concursul partenerilor suedezi. Cei doi oficiali au efectuat un schimb amplu de opinii privind stadiul actual al procesului de negocieri privind soluționarea conflictului transnistrean, precum și perspectivele existente pentru a avansa în acest proces în perioada următoare.
Persons: Aureliu Ciocoi, Ann Linde Organizations: Externe, Integrării Europene, suedezi, OSCE Locations: Republica Moldova, Suediei, Roma, suedez, Suedia, OSCE, Chișinău
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