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☆ I took a 75% pay cut to ditch law for tech. The switch paid off and got me to Google.
▼ + stars: | 2024-04-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Zubin Pratap, a former lawyer, decided to transition to the tech industry at 38 years old. He landed his first tech job by networking and shortlisting best-fit employers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementI realized I was sitting far away from the sidelines of the tech industry and had no way to get in. This is the four-step plan I used to land my first software job.

Persons: Zubin Pratap, — Organizations: Google, Service Locations: Melbourne, India, Australia

☆ A lawyer, a banker and a speech therapist: Meet the 12 jury members of Trump’s hush money trial
▼ + stars: | 2024-04-18 | by ( Rebecca Shabad | ) www.cnbc.com time to read: +3 min

He is married, likes to do "anything outdoorsy," and gets news from The New York Times, Fox News and MSNBC. He gets news from The New York Times, The Wall Street Journal and Google. Juror 5A young woman who is a Harlem resident and works as a teacher. Juror 6A young woman who lives in Chelsea and works as a software engineer. Juror 10A man who works in commerce, reads The New York Times and listens to podcasts on behavioral psychology.

Persons: Donald Trump, Stormy Daniels, Donald, who's Organizations: U.S, Prosecutors, The New York Times, Fox News, MSNBC, Street, Google, Facebook, Wall Street Journal, New York Post, Washington, CNN, New York Times, NBC Locations: Manhattan, New York City, U.S, New York, West Harlem, Trump, Chelsea, Harlem

☆ A former corporate lawyer died after falling from a luxury liner, reports say. One expert says cruise safety is outdated.
▼ + stars: | 2024-04-13 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

AdvertisementWhile the chances of falling overboard on a cruise ship are extremely low , a cruise ship expert told Business Insider that the industry's safety protocols needed updating. Sophie Elizabeth Blythe-Tinker told the court her father "wasn't himself" and had become "increasingly abnormal" during his time on board, per the Telegraph. Cruise ship safetyRoss Klein, an international authority on the cruise ship industry, told BI he believes cruise ship safety rules are outdated. He said no substantial changes have been made to cruise ship safety since the Cruise Vessel Security and Safety Act of 2010. AdvertisementKlein is "not very hopeful" about actionable change regarding cruise safety in the near future "because nobody's pushing for changes."

Persons: —, Nigel Blythe, Blythe, William Hill, Tinker, Sophie Elizabeth Blythe, wasn't, I'm, Karen Shuman, Mr Blythe, Ross Klein, Klein, Levion Parker, Francel Parker, ideation Organizations: Service, London's, of Justice, The Telegraph, Seven Seas, Business, Seven Seas Cruises, Cruise Vessel Security, Royal Caribbean, New York Post, Sun Locations: England, Australia, Blythe, Marseille, Barcelona, Florida, Port

☆ What's more important? AI or the election.
▼ + stars: | 2024-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're announcing the finalists for our business, tech, and innovation bracket. What's on deck:This story is available exclusively to Business Insider subscribers. If you're just catching up, a few weeks ago we identified eight of the biggest trends in business, tech, and innovation. And then there were two: the AI race vs the US presidential election. Dan Rosen, founder and partner, Commerce Ventures:Advertisement"As a fintech investor, AI strikes me as more important.

Persons: —, we're, Chelsea Jia Feng, Readers, Bruce K, Lee, Dan Rosen, Ira Allen, Tracy Albert, Wendy Craft, Elle, Dodd, Frank, Zach Blank, Nick DiGiovanni, Adam Jeffery, Ian MacNicol, David Einhorn, Jesse Cohn, Greg Coffey, Goldman Sachs, Brian Robinson, Nelson Peltz's, James Park, would've, Justin Sullivan, Marissa Mayer's, Enrique Munoz Torres, Elon Musk, Musk, Lukas Schulze, it's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Keebeck Wealth, Commerce Ventures, CNBC, NBCU, Getty, Elliott Management, Sohn, Street Journal, Disney, UCLA, Yahoo, LinkedIn, Elon, Apple, Ford, Workers, Advertising Research, NCAA Locations: Europe, California, New York, London

☆ Nelson Peltz might have scored $300 million after losing the Disney proxy war. But it was still a waste of time, expert says
▼ + stars: | 2024-04-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Read previewThe proxy war between Disney and billionaire activist investor Nelson Peltz is over. According to The Wall Street Journal, Peltz's hedge fund Trian Partners may have profited about $300 million by waging a 16-month proxy battle against Disney, citing anonymous sources familiar with the matter. AdvertisementLast February, Bloomberg reported that Peltz made about $154 million in paper profit after buying 9.4 million shares of Disney. After all, Peltz waged two separate proxy battles against Disney in less than two years. AdvertisementWhen asked about the outcome of Peltz's proxy war, IAC chairman and billionaire Barry Diller told CNBC's Squawk Box on Thursday that the battle was a "grand waste of time" and questioned the value of Petlz's activist campaign.

Persons: —, Nelson Peltz, Bob Iger, Iger, Peltz …, Peltz, Trian, James Park, Barry Diller, CNBC's Organizations: Service, Disney, Wall Street, Business, Bloomberg, The, University of California, IAC, Trian Partners Locations: Los Angeles

☆ The biggest issue with Disney is succession, says Soundboard Governance president Doug Chia
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe biggest issue with Disney is succession, says Soundboard Governance president Doug ChiaDouglas Chia, Soundboard Governance president, senior fellow at the Rutgers Center for Corporate Law and Governance and Disney shareholder, joins 'Squawk Box' to discuss the latest developments in Disney's proxy battle with activist investor Nelson Peltz, the pitch from Peltz's Trian Partners to Disney shareholders, what to expect from the company's shareholders vote tomorrow, and more.

Persons: Doug Chia Douglas Chia, Nelson Peltz Organizations: Disney, Rutgers Center, Corporate Law, Peltz's Trian Partners

☆ Wirecard tried to destroy its whistleblower. Now, he's founded a startup to protect others who speak out.
▼ + stars: | 2024-03-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

Read previewBeing a whistleblower was antithetical to everything Pav Gill had done during his nine-year stint as a corporate lawyer. When Wirecard headhunted the Singaporean native to be its head of legal, Gill took up the position enthusiastically. Despite the fruitful outcome, the experience of being a whistleblower traumatized Gill. AdvertisementThis realization was the driving force behind Gill setting up his startup — Confide — a platform for 'internal whistleblowers' to raise issues within their organizations. AdvertisementGill anticipates that this model will work best for companies with over 50 employees, and ideally above 250 employees.

Persons: —, Pav Gill, Gill, foraying, Wirecard, Gill's, don't, " Gill, they're Organizations: Service, Allen, Business, Financial, Directive, EU Locations: Wirecard, Asia, Singapore, ESG

☆ Sam Bankman-Fried FTX fraud victim tells judge: 'My whole life has been destroyed'
▼ + stars: | 2024-03-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

NEW YORK, US - JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. The victim, who wrote that 30 years worth of savings had been deposited into FTX three months before the exchange collapsed, is part of a last-minute push by prosecutors to sway Judge Kaplan ahead of the sentencing. For months, Judge Kaplan has been weighing the appropriate punishment for Bankman-Fried's crimes related to the implosion of his $32 billion crypto empire. Damaging testimonyBankman-Fried was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research, as well as conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering. The defense team has argued that Bankman-Fried's sentence should reflect the potential that FTX customers will be paid back in part or in full.

Persons: Sam Bankman, Fried, Fatih Aktas, District Judge Lewis Kaplan, FTX, Kaplan, Yesha Yadav, Dean, Judge Kaplan, David Weinstein, Jones Walker, Weinstein, Mark Bini, Bini, Reed, Caroline Ellison, Yadav, Neama Rahmani, Tre Lovell, isn't, Lovell, he's, it's Organizations: Anadolu Agency, Getty, Department of Justice, U.S, District, Prosecutors, Vanderbilt University, CNBC, Alameda Research, Bloomberg, Southern, of, Los Locations: New York, Manhattan, of New York, SBF, Los Angeles

☆ Fact check: Trump tells ‘mind-bogglingly nonsensical’ story about the New York Stock Exchange
▼ + stars: | 2024-03-25 | by ( Daniel Dale | ) edition.cnn.com time to read: +7 min

Facts First: The stock exchange on which the Trump Media & Technology Group is being listed, the Nasdaq, is also headquartered in New York. In fact, the Nasdaq and the New York Stock Exchange are located in the same New York City borough of Manhattan. He said: “Like, what?”“I hope somebody advising President Trump informs him that the same investor protection rules that safeguard investors of the New York Stock Exchange also safeguard investors on the Nasdaq Stock Market,” Macey said. Colangelo served as acting associate attorney general in the first months of the Biden administration in early 2021 and then as principal deputy associate attorney general. As acting associate attorney general, he was third in command of the department – never the top official there, as Trump has previously claimed.

Persons: Donald Trump, ”, ” Jonathan Macey, Macey, Trump, ” Macey, Letitia James, Attorney Alvin Bragg, ‘ I’m, Lynn Martin, Stacey Cunningham, Sharon Bowen, Biden, Matthew Colangelo, “, Joe Biden, Bragg, Colangelo, Biden James, Jack Smith, Smith, General Merrick Garland, Garland, – Organizations: Washington CNN, Trump Media & Technology Group, New York Stock Exchange, Trump Media & Technology, Nasdaq, NYSE, “, Yale Law School, New, Manhattan, Attorney, Trump Media, Technology Group, U.S . Securities, Exchange Commission, Biden, Department, Trump, New York, federal Justice Department, DC, Justice Department Locations: New York, York City, Manhattan, York, Macy’s, Fulton County , Georgia, New York , Georgia, Florida, Washington

☆ Elon Musk might not get to keep his $55 billion Tesla package. But overall, CEOs shouldn't panic about their paydays.
▼ + stars: | 2024-03-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

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

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ Ex-BET CEO shares her best advice for young workers—it's about using self-doubt to your advantage
▼ + stars: | 2024-02-29 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Don't let that keep you from making a big, risky career decision, says ex-BET Networks CEO Debra Lee. Success and self-doubt aren't mutually exclusive," Lee, 69, recently told LinkedIn video series The Path. She worked to attend Ivy League universities and get a law degree because her father told her to, she said. Their hesitancy further fueled her sense of self-doubt, which had grown with each previous career decision, Lee added. Her self-doubt became an asset at BET, pushing her to work harder and think outside the box in her new role, she said.

Persons: Debra Lee, Lee, I've, Mary Jane ", —, Steptoe, Johnson, that's Organizations: BET, Black Entertainment Television, Brown University, Harvard Law School, Washington , D.C, Ivy League, Securities and Exchange, Steptoe Locations: Washington ,

☆ Mark Zuckerberg is arguing he can't be held liable for kids' Instagram addiction just because he's the boss. He may be right.
▼ + stars: | 2024-02-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg is trying to avoid personal liability in lawsuits over kids' social media addiction. Meta CEO Mark Zuckerberg is arguing he can't be held personally liable for accusations that his platforms have led to kids being addicted to social media — and he may have a point. A ruling in the billionaire's favor would excuse him from being held personally liable but would not dismiss the cases against Meta. AdvertisementThe lawsuits claim that Zuckerberg's actions and inaction led to social media addiction and accused him of ignoring warnings that Facebook and Instagram were unsafe for kids. AdvertisementIf Zuckerberg is deemed personally liable, it could have major implications for other lawsuits filed against CEOs of social media giants.

Persons: Mark Zuckerberg, Zuckerberg, Oberheiden, Oberheiden P.C, Yvonne Gonzalez Rogers, Meta, Titania Jordan Organizations: Meta, NBC Bay, Business, Bloomberg, Bark Technologies Locations: Oakland , California

☆ Amazon's internal documents warn employees not to use generative AI models for work
▼ + stars: | 2024-02-22 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon is warning employees not to use third-party generative AI tools for work, according to multiple internal guidances viewed by Business Insider. Amazon's internal third-party generative AI use and interaction policy, viewed by BI, warns that the companies offering generative AI services may take a license to or ownership over anything employees input into tools like OpenAI's ChatGPT. Amazon's internal generative AI policy states employees can use third-party models for work if they obtain director and legal approval and comply with any applicable security reviews. Amazon's spokesperson Adam Montgomery said the company has been developing generative AI and large machine learning models for a long time and employees use its AI models every day. "We have safeguards in place for employee use of these technologies, including guidance on accessing third-party generative AI services and protecting confidential information," Montgomery said.

Persons: Amazon's, Adam Montgomery, Montgomery, Ashley Stewart, Eugene Kim Organizations: Business, BI, Microsoft Locations: OpenAI

☆ Elon Musk may be done with Delaware, but don't expect other corporations to follow his crusade
▼ + stars: | 2024-02-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Elon Musk has had it with Delaware — but don't expect other corporations to flee the business-friendly state, too. Musk also specifically went after the judge who ruled to void his pay package, Kathleen McCormick, calling her an "activist and politician" in an X post. "The reason Elon Musk frequently escapes account from other judges is because they don't see through his phantabulating," Lauren Pringle, editor of the Chancery Daily, which covers Delaware courts, told the outlet. Advertisement"I don't expect a mass migration of firms from Delaware," Michal Barzuza, a professor at the University of Virginia who researches corporate law and governance, told the Post. So, despite Musk's latest crusade against the state, it seems unlikely many other Delaware-based corporations will jump ship anytime soon.

Persons: Elon Musk, Musk, Lawrence Cunningham, Kathleen McCormick, McCormick, Lauren Pringle, Michal Barzuza, John Coates, Fortune, there's, Coates, Musk's Organizations: SpaceX, Business, Fortune, Markel Group, Constellation Software, Washington Post, Chancery, University of Virginia, Harvard Locations: Delaware, Texas

☆ A better way to handle layoffs
▼ + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.

Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, —, Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business

Veteran Wall Street executive Omeed Malik is planning to raise over $3 million and donate at least $100,000 in support of Donald Trump's campaign, the latest backer of Florida Gov. Ron DeSantis' failed bid to help the former president. Malik plans to raise at least $3 million for Trump's campaign for president, an advisor to him told CNBC. That's the same amount he raised for DeSantis' 2022 gubernatorial campaign. The advisor was granted anonymity to describe private efforts to help Trump.

Persons: Omeed Malik, Donald Trump's, Ron DeSantis, Malik, Robert F, Kennedy Jr, Weil, Joe ] Biden, Trump, Tucker, He's, PublicSquare, DeSantis Organizations: Wall, Florida Gov, Farvahar Partners, Democrat, Republicans, of Foreign Relations, Bank of America, Manges LLP, Trump voters, Amazon, CNBC Locations: Florida, New York City

☆ Tesla board silent as investors await next steps after Elon Musk's $56 billion pay package revoked
▼ + stars: | 2024-02-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

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

☆ Musk shifts Neuralink incorporation from Delaware to Nevada as he rails against $55 billion pay ruling
▼ + stars: | 2024-02-11 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

Elon Musk has pulled his brain implant company out of Delaware amid legal frustrations. "Never incorporate your company in the state of Delaware," he wrote on X, formerly Twitter. AdvertisementElon Musk has shifted the incorporation location of his brain-chip implant company Neuralink out of Delaware, reincorporating it in Nevada, Bloomberg reported. It comes after a series of frustrating legal setbacks for Musk in "The First State," including a judge striking down the Tesla CEO's $55 billion pay package. Musk previously moved the incorporation location of X to Nevada from Delaware after he changed its name, Bloomberg reported.

Persons: Elon Musk, —, Musk, reincorporate Tesla, Tesla, Neuralink Organizations: Service, Bloomberg, Fortune Locations: Delaware, Nevada, reincorporating, Texas

The results will either buttress Trump's claims of massive wealth or expose him as a poseur. The biggest potential judgment comes in the civil fraud case brought by New York Attorney General Letitia James. The court has already determined that Trump committed fraud by securing loans through false financial statements – including inflating the value of his properties. The fraud case is more complicated, experts say, since there was no clear victim identified. Judge Arthur Engoron, who will deliver the judgment on financial damages as well as the fate of Trump's businesses in New York, hasn't been sympathetic to the idea that Trump's fraud caused no harm.

Persons: Donald Trump, ”, Trump, E, Jean Carroll –, Laurie Levenson, Levenson, Carroll, Letitia James, Gregory Germain, Arthur Engoron, hasn't, Germain, He's, Anna Cominsky, –, William Thomas, Stephen M, Thomas, James, hamstringing Trump Organizations: Trump, New, Forbes, Bloomberg, Loyola Law, New York, Syracuse University, Donald Trump View, New York University Law, Federal, Commission, America, PAC, Ross School of Business, University of Michigan Locations: New York, Engoron

☆ How lawyers in the Trump ballot case are training for the Supreme Court arguments
▼ + stars: | 2024-02-02 | by ( Joan Biskupic | Cnn Senior Supreme Court Analyst | ) edition.cnn.com time to read: +10 min

Mitchell joined the case on behalf of Trump around the time arguments were underway at the Colorado Supreme Court. Georgetown’s Supreme Court Institute, for instance, relies heavily on attorneys who have served in the US solicitor general’s office, the government’s top lawyers before the Supreme Court. (The Institute, which operates on a non-partisan basis and offers its sessions for free, declined to comment on the Trump case arrangement.) Particularly valuable for any moot court, along with former members of the solicitor general’s office, are former Supreme Court law clerks. In that November 2021 controversy, the Supreme Court allowed Mitchell 10 minutes as an an intervenor on the Texas side.

Persons: Jason Murray, Donald Trump, Jonathan Mitchell, who’ve, Murray, Mitchell, It’s, ”, David Frederick, ” Frederick, Trump, John Roberts, Roberts, Amy Coney Barrett, Brett Kavanaugh, Elena Kagan, Samuel Alito, Anderson, Jack Dempsey, disqualifying, Bartlit Beck, Olson Grimsley, Kagan, Neil Gorsuch, Eric Olson, Sean Grimsely, Antonin Scalia, Roe, Wade . Kagan, Dobbs Organizations: CNN, Liberal, Trump, SPAN Murray, Colorado, Georgetown Law, Institute, Lawyers, Colorado Supreme, Organizers, Supreme, Harvard, Appeals, University of Chicago, Jackson, Health Organization Locations: Trump, Washington, Denver, Colorado, Texas

Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. Critics have argued for years that CEO pay packages are exorbitant. Under Musk’s pay plan, he received a chunk of stock options each time Tesla’s market value rose by $50 billion. General Motors, for example, considers executive salaries at 3M, Boeing, Ford, IBM and other huge companies, and uses complex formulas to determine CEO compensation. Corporate law experts say any new compensation package for Musk will likely be challenged in court unless Tesla's board either resigns en masse or follows a meticulous process to protect shareholders by passing a substantially smaller package.

Persons: Tesla, Kathaleen St, Jude McCormick, Musk, Bernard Arnault, Critics, Blackstone’s Steven Schwarzman, “, ‘, ’ ” McCormick, Musk’s, shouldn’t, Mary Barra, Jim, Mark Zuckerberg, Tim Cook, they’re, ”, Charles Elson, ” Elson, Elson Organizations: Elon, Musk, Forbes, General Motors, 3M, Boeing, Ford, IBM, Big Tech, University of Delaware, Lawyers Locations: Delaware, —, Barra, U.S

Judge Kaplan said jurors should be identified only by number and even suggested they not share their actual names with one other. People were asked whether they had ever contributed money or supported a political campaign for Mr. Trump, Mr. Obama, Hillary Clinton or Joe Biden. “Have any of you ever read any books by Mr. Trump?” the judge asked. “Would that affect your ability to be fair to both sides in this case?” Judge Kaplan asked. “I want to stipulate that I am on the left,” Ms. Carroll remarked drolly.

Persons: Jean Carroll, Donald J, Trump, Lewis A, Kaplan, Carroll, Trump’s, —, Rosanna Garcia, “, Judge Kaplan, Ms, jockeyed, Alina Habba, Michael M, ”, Barack Obama, Obama, Hillary Clinton, Joe Biden, “ I’ve, ’, ” Ms, drolly, Kate Christobek Organizations: E, Trump, Vijilent Inc, Facebook, Carroll, Elle, CNN, Getty, Mr, New, New York City Transit Authority Locations: Manhattan, Massachusetts, U.S, New York, Westchester, New York City, Bronx, Westchester County

(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.

Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, ’, Paris, New Hampshire, Dixville

☆ It looks like Elon Musk is a bit envious of Mark Zuckerberg's control over Meta
▼ + stars: | 2024-01-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Musk appeared to give Tesla's board an ultimatum on Monday, saying he wants 25% voting control at Tesla or he'll stop growing AI development at the electric-car maker. One way of getting that would be via a dual-class stock structure. This isn't uncommon and could mean Musk wouldn't necessarily get more shares but that the ones he held would deliver more voting power. The company's dual-class stock structure provides Zuckerberg and select executive managers and directors with them. "Zuckerberg probably wouldn't have gone public without a dual-class structure," White said.

Persons: —, Elon Musk, Mark Zuckerberg, Musk, he's, Tesla, Zuckerberg, It's, Chester Spatt, Joshua Tyler White, doesn't, White, Ofer Eldar, Michael Dell, Anat Alon, Beck, Erik Gordon, Sam Altman's, Gordon Organizations: Service, Meta, Tesla, Business, Carnegie Mellon University, SEC, Vanderbilt, SpaceX, The Boring Company, UC Berkeley, Western Reserve University, University of Michigan's Ross School of Business Locations: Delaware, OpenAI

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