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☆ Should Elon Musk be paid $56 billion? Tesla shareholders get to vote
  + stars: | 2024-05-27 | by ( David Ingram | ) www.cnbc.com   time to read: +10 min
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
☆ The US never banned asbestos. These workers are paying the price.
  + stars: | 2022-10-23 | by ( Kathleen Mcgrory | Neil Bedi | ) www.businessinsider.com   time to read: +39 min
But protocols failed to match reality at the Niagara Falls plant, according to more than a dozen workers. In addition to those signature diseases, which are rare even among asbestos workers, the tiny strands can harm the body in other ways. In the 15 years that followed, congressional attempts to ban asbestos would continue to fall short. OSHA declined to make an official available for an on-the-record interview or comment on ProPublica's findings at the Niagara Falls plant. At the OxyChem plant in Wichita, union president Keith Peacock said he was comfortable with the way asbestos was handled.
☆ 3 signs you can't afford to retire, even if you've been saving for years
  + stars: | 2020-12-15 | by ( Liz Knueven | Personal Finance Reporter | Read More | ) www.businessinsider.com   time to read: +4 min
For most people looking to retire, it involves years of saving, investing, and planning to go successfully. Here are a few signs you won't be ready for retirement, regardless of how long you've saved. You've made an early withdrawal or taken a loan from your 401(k)The CARES Act made it easier than ever to take loans and early withdrawals from a 401(k). Financial planners recommend saving about 15% of your salary for retirement, including any employer match in a 401(k). "You'd be amazed at how many 401(k) accounts I see with 50% or more sitting in cash," Taylor writes.
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