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☆ ISS recommends Tesla investors vote against re-election of board chair
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowSAN FRANCISCO, May 3 (Reuters) - Proxy advisory firm ISS on Wednesday recommended Tesla investors vote against the re-election of board chair Robyn Denholm, citing concerns about a lack of scrutiny of the pledging of some company stocks by CEO Elon Musk and his brother Kimbal Musk. Tesla shares are down about 60% from their record high reached in November 2021. The shares pledged by Elon Musk accounted for 58% of his Tesla ownership, ISS said. ISS recommended votes for Musk and co-founder JB Straubel as board members. Proxy advisory firm Glass Lewis last month recommended Tesla shareholders vote against Straubel, citing worries about his independence because he served as chief technology officer at Tesla until 2019.

☆ ISS recommends Tesla investors vote against re-election of Robyn Denholm
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: 1 min

Companies Tesla Inc FollowSAN FRANCISCO, May 3 (Reuters) - Proxy advisory firm ISS on Wednesday recommended Tesla investors vote against re-election of board chair Robyn Denholm, citing concerns about a lack of the board's oversight over the pledging of some company stocks by CEO Elon Musk and his brother Kimbal Musk. "Pledging does inherently pose risks to ordinary shareholders, and the likelihood of a forced sale of pledged shares increases at a time when the share price (and therefore the value of the collateral) is already declining," ISS said in a report. "The aggregate value of the pledged position, as well as the likelihood of further increases, raise significant concerns," it said. Musk did not immediately respond to Reuters' request for comment. Reporting by Hyunjoo Jin; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Microsoft, Kimbal Musk, NBA's Russell Westbrook invest in Brooklyn-based climate tech company BlocPower
▼ + stars: | 2023-03-02 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

The round, which includes more than $24 million in Series B funding, was led by VoLo Earth Ventures. Microsoft Climate Innovation Fund, Credit Suisse, New York State Ventures, Kimbal and Christina Musk, and NBA player Russell Westbrook also were part of this equity round. The company also raised $130 million of debt financing led by Goldman Sachs, bringing BlocPower's total capital raised to-date to more than $250 million. BlocPower, a two-time CNBC Disruptor 50 company, has focused on improving the energy consumption and efficiency issues that many of the old buildings in the U.S. face. Since its founding in 2014, BlocPower says it has completed energy projects in more than 5,000 households, commercial buildings and houses of worship.

☆ Meet Maye Musk, the Sports Illustrated cover model and the glamorous mother of one of the richest men in the world
▼ + stars: | 2023-02-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +13 min

Despite her support for her children, Maye Musk has been a celebrity in her own right for decades. Maye Musk Maye Musk attended the Met gala with Elon Musk last year. "They followed their passions, and they all went in different directions," Maye Musk told Insider in a 2020 interview. Elon Musk, in particular, had tried his hardest in school, but only in the subjects he liked, Maye Musk said. Even at 14 years old, Maye Musk said Elon Musk had shown a passion for investing.

Musk's Aug. 7, 2018 tweets sent Tesla stock soaring and after they fell back down, shareholders sued, alleging they lost money. But board members James Murdoch and Ira Ehrenpreis each said the tweets did not need to be vetted by the company before Musk sent them because he had done so in his individual capacity. The stock price soared after the tweet and then fell as it became clear the buyout would not happen. Tesla shareholders say they lost billions of dollars on their investments in stocks and other securities of the company. The buyout deal never came together because investors, particularly retail shareholders, expressed their interest in keeping the company public, according to testimony by Musk.

Companies Tesla Inc FollowFeb 1 (Reuters) - Tesla Inc (TSLA.O) board members are expected to take the stand on Wednesday to defend against claims that Elon Musk misled investors when he tweeted in 2018 he had "funding secured" to take the company private. The trial in San Francisco federal court is testing whether the world's second-richest person can be held liable for his sometimes impulsive use of Twitter. The defendants, which include Musk, Tesla, and current and former directors, are expected to begin calling witnesses on Wednesday. Current Tesla directors Kimbal Musk, and James Murdoch and Ira Ehrenpreis may testify about their communications with Musk about his proposed buyout, according to court documents. Musk told the jury last week he could have financed the potential deal from existing Tesla investors as well as Saudi Arabia's sovereign wealth fund, the Public Investment Fund.

☆ What Elon Musk has said publicly — and in private texts — on his ideas for Twitter and X, an 'everything app'
▼ + stars: | 2023-02-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +8 min

Elon Musk has discussed his plans for X, an "everything app," on Twitter and in private texts. AP Photo/Jacquelyn MartinPrivate texts about a blockchain-based platformMusk has also discussed creating a social media platform built on a blockchain. In April, the billionaire privately outlined his idea for a "Doge" social media platform in texts to his younger brother, Kimbal Musk. "I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter," Musk texted. Shortly after buying Twitter, Musk began charging Twitter users for the app's blue check mark.

☆ Elon Musk is surrounded by yes-men, and it's a recipe for disaster: 'The emperor has no clothes, but everybody's too afraid to tell him'
▼ + stars: | 2022-12-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Experts told Insider Elon Musk's close business relationships is a "recipe for disaster." Experts told Insider it's not surprising that the second-richest man in the world would be taken aback by public criticism. Across his companies, Musk also appears to have built up a slew of allies. Similarly, at Twitter, Musk has also brought in some of his personal associates to assist in the transition. 'Speak truth to power'It can be very difficult to "speak truth to power," Nawaz told Insider, saying it's important for CEOs to create "psychologically safe" environments.

☆ Elon Musk's brother Kimbal says there's a 'lack of appreciation' for Twitter's 'awesome' mute button
▼ + stars: | 2022-12-25 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk's brother said there's a "lack of appreciation" for Twitter's "awesome" mute button. Kimbal Musk spoke about his love of the feature in a Twitter Space on Friday with Lex Fridman. They discussed ways of improving Twitter and Kimbal Musk said the mute button was "underused." During the Twitter Space, Kimbal Musk also said he loved the "entertaining side of Twitter," and wished there was more of it. Kimbal Musk concluded: "Man, how do we get more of that?"

☆ Tosca Musk, Elon’s sister, has a business venture of her own – and it’s all about romance and female sexuality
▼ + stars: | 2022-11-20 | by ( Faith Karimi Cnn Photographs Austin Steele | Faith Karimi | ) edition.cnn.com time to read: +15 min

It’s their first public film premiere since the pandemic started. Musk, 48, is the force behind Passionflix, which adapts romance novels into movies and streams them to a devoted niche audience. “Passionflix focuses on adapting romance novels exactly as the fan and the author envision it,” Musk says in a separate CNN interview. From left to right: Tosca Musk, Kimbal Musk, mother Maye Musk and Elon Musk at Maye's 50th birthday party in 1998. One of the founding members, she says she spent the pandemic years curled up on her couch, watching Passionflix movies.

☆ Elon Musk’s $50 billion trial comes to an end today
▼ + stars: | 2022-11-18 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —The trial for the Tesla shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package will wrap up this afternoon. The net value of the compensation package is $50.9 billion today, after Tesla’s valuation soared more than 1,000% at its peak since shareholders approved the package. Several corporate governance experts told CNN Business that it’s clear Tesla’s board of directors lacks independence from Musk. At the time of the 2018 compensation package, Kimbal said it was “very unlikely” that Elon would walk away from his role of CEO at Tesla. That’s just not how Elon operates,” Kimbal Musk said.

☆ Elon Musk Was an Unlikely Flight Risk at Tesla When Pay Package Came Together, His Brother Said
▼ + stars: | 2022-11-17 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

The question of whether Mr. Musk was likely to walk away from Tesla when the board signed off on his pay package has been a theme through the week’s testimony. WILMINGTON, Del.—Elon Musk was unlikely to walk away from his role as chief executive of Tesla Inc. in 2018, around the time shareholders signed off on a new, multibillion-dollar pay package for him, the CEO’s brother said. Kimbal Musk ‘s comments came in 2021 deposition testimony that was played Thursday in a trial over Elon Musk’s latest pay deal at Tesla. The question of whether Mr. Musk was a flight risk when the board signed off on the grant has been a theme throughout the week’s testimony.

☆ Tesla’s close-knit leadership team goes under the spotlight in court
▼ + stars: | 2022-11-17 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +6 min

Tornetta accuses Tesla’s board of breaching its duties to shareholders. The pay package from Tesla’s board granted Musk large sums of shares every time Tesla hit certain milestones, including earnings and share price targets. In this sketch, former Tesla board member Antonio Gracias testifies in court. Ehrenpreis also had the rights to the first Model 3, Tesla’s breakout product, but gave it to Elon Musk as a birthday gift. Ehrenpreis is also the Tesla board member who asked consultants if hypothetically Tesla could lower the disclosed costs of Musk’s compensation plan.

☆ Elon Musk now owns Twitter. Here’s what he could change
▼ + stars: | 2022-10-28 | by ( Clare Duffy | ) edition.cnn.com time to read: +9 min

New York CNN Business —After spending months attempting to get out of his deal to buy Twitter, Elon Musk officially owns the hugely influential platform. Musk has said Twitter, under his leadership, would have more lenient content moderation policies. Unbanning Trump and other accountsBut the most striking early change could come from who is and is not allowed on a Musk-owned Twitter. Musk, for his part, has focused on bringing back one of Twitter’s most prominent former users: Trump. The same day he sent his letter to Twitter attempting to revive the deal, Musk was widely panned for comments he made on the platform about Russia’s invasion of Ukraine.

☆ What Elon Musk has said publicly — and in private texts — about X, his idea for an 'everything app'
▼ + stars: | 2022-10-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Elon Musk has discussed his plans for X, an "everything app," in Twitter and in private texts. AP Photo/Jacquelyn MartinPrivate texts about a blockchain-based platformMusk has also discussed creating a social media platform built on a blockchain. In April, the billionaire privately outlined his idea for a "Doge" social media platform in texts to his younger brother, Kimbal Musk. "I have an idea for a blockchain social media system that does both payments and short text messages/links like Twitter," Musk texted. A battle against botsOne thing is clear throughout Musk's dealings with Twitter — the billionaire's social media platform will be tasked with eliminating scam accounts.

☆ Ghislaine Maxwell reportedly asked Elon Musk to destroy the internet in the famous photo of the two that the billionaire claims was a photobomb
▼ + stars: | 2022-10-11 | by ( Grace Kay | Travis Clark | ) www.businessinsider.com time to read: +3 min

Ghislaine Maxwell reportedly asked Elon Musk to destroy the internet in the famous photo of the two. The photo was taken at a Vanity Fair event in 2014, but didn't surface on social media until 2020. "She photo-bombed me once at a Vanity Fair party several years ago," he tweeted in July 2020. When the photograph was taken, Maxwell asked Musk if there was a way to delete information about oneself off the internet, the Times reported on Tuesday. Maxwell also told the Tesla CEO she wanted him to destroy the internet, a Vanity Fair worker who was standing next to the pair told The Times.

☆ Elon Musk reportedly goes on 'exploratory journeys' and likes to show friends a chart of the benefits of MDMA and mushrooms over alcohol
▼ + stars: | 2022-10-11 | by ( Grace Kay | Allana Akhtar | ) www.businessinsider.com time to read: +3 min

Elon Musk likes to discuss the benefits of MDMA and mushrooms with friends, The New York Times reported. The billionaire likes to share a chart that shows MDMA and psychedelic mushrooms are healthier than alcohol use, one person who Musk shared the chart with on vacation told the publication. For the past 20 years, Musk has attended nearly every Burning Man festival — often accompanied by his younger brother, Kimbal Musk, the Times reported. Researchers have not compared health benefits from alcohol and psychedelic mushrooms head-to-head. Apple founder Steve Jobs previously touted the practice of microdosing on psychedelic drugs, such as LSD or psilocybin mushrooms in order to promote creativity.

☆ How Elon Musk could change Twitter
▼ + stars: | 2022-10-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

Musk has said Twitter, under his leadership, would have more lenient content moderation policies. But the most striking early change could come from who is and is not allowed on a Musk-owned Twitter. Musk, for his part, has focused on bringing back one of Twitter’s most prominent former users: Trump. “There are exceptions … but generally permanent bans are a failure of ours and don’t work,” he said. The same day he sent his letter to Twitter attempting to revive the deal, Musk was widely panned for comments he made on the platform about Russia’s invasion of Ukraine.

☆ Tesla adds Airbnb co-founder Joe Gebbia to board
▼ + stars: | 2022-09-28 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Joe Gebbia, co-founder of Airbnb and chairman of Airbnb.org, during South By Southwest (SXSW) festival in Austin, Texas, U.S., on Sunday, March 13, 2022. Tesla has added Airbnb co-founder, designer, and billionaire Joe Gebbia as an independent member to its board of directors according to a regulatory filing out Wednesday. Adding Gebbia to the Tesla board may help Tesla avoid further conflict with the SEC, which has initiated multiple probes to determine that Musk and Tesla remain in compliance with their agreement. However, Gebbia remains on the Airbnb board and serves as chairman of Airbnb.org, the company's affiliated nonprofit that provides housing to people displaced in times of crisis, including those impacted by natural disasters and global conflicts. Gebbia has not been assigned to any Tesla board committees yet.

☆ Topul celor mai bogați oameni din lume în anul 2021, conform revistei Forbes
▼ + stars: | 2021-04-07 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

Așadar, mai jos găsiți topul celor 10 miliardari care sunt considerați cei mai bogați oameni din lume în anul 2021. Acum, acesta este directorul general al companiei și deține 16 % din aceasta. Studii: Bezos este licențiat în „Arte și Științe”, Universitatea Princeton din SUA. Cu toate acestea, și-a pierdut interesul pentru educație și a renunțat la universitate după un semestru. Studii: este licențiat în „Arte și Științe” la Universitatea Michigan, are un masterat în științe la Universitatea Stanford.

Persons: Jeff Bezos, Elon, Musk, Tesla, Bernard Arnault, Louis Vuitton, Bill Gates, Paul Allen, Mark Zuckerberg, Mark Elliot Zuckerberg, Warren Buffett, Berkshire Hathaway, Buffett, Larry Ellison, Lawrence Joseph Ellison, Larry Page, Sergey Brin, Lawrence Edward, Larry, Page, Mukesh Organizations: Forbes, Universitatea Princeton, Universitatea Pennsylvania, Politehnică, École, Microsoft Corporation, Microsoft, Facebook, Harvard, Universitatea din, Universitatea Columbia, Oracle Corporation, Google, Universitatea, Universitatea Stanford, Universitatea Maryland, Reliance Industries Locations: Amazon, SUA, francez, Paris, Seattle, Harvard, american, Berkshire, Omaha, Nebraska, Universitatea din Nebraska, americană, Universitatea din Chicago, Universitatea Michigan, Rusia, Ambani, indian, Reliance, India, Universitatea din Mumbai

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