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☆ Meet the Enigmatic Man Who Oversees Larry Page's Google Fortune
▼ + stars: | 2024-09-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +22 min

His success has also helped fuel a boom in family offices, a financial structure pioneered by J.P. Morgan and popularized by the Rockefellers. Today there are thousands of family offices globally, with the total number tripling between 2019 and 2023, according to the data provider Preqin. To protect Page, Osborne has long remained hidden, the man behind the megabillionaire's curtain. AdvertisementThe small staff at Koop, Page's family office in Palo Alto, are fiercely committed to Page's privacy. Through his investment in Way2B1, Page is seeking to make money by monetizing the techniques he uses to make money.

Persons: Thomas, Larry Page, Wayne Osborne, Osborne, Koop, —, Wayne, Jeffrey Epstein, Gmail, Page, he's, Larry, Morgan, Morgan Stanley, hasn't, Justin Sullivan, hawking, Sergey Brin, George Pavlov, Mark Zuckerberg, Jeff Bezos, Melinda Lewison, Natasha Pearl, Aston Pearl, James Estrin, Helen Frankenthaler, Minerva, Joseph E, Brooks, Taylor, Mortimer Zuckerman, Zuckerman, he'd, who'd, Koop's, Ken Goldman, Eric Schmidt, Hugh Langley, Michael Floyd, Floyd, Page's, Lucy Southworth, Southworth, It's, Way2B1, it's, Gilles Martin, Hal Bailey Organizations: QS, Osborne, J.P, Google, Harvard Business School, Princeton Theological Seminary, Presbyterian Church, New York Times, Minerva, U.S . News, Boston Properties, Shell, CIA, Energy Technologies, Oceankind, Forbes, Business, Fiji Locations: New York, Caribbean, St, Palo Alto , California, Wayne, Mississippi, Connecticut, Silicon Valley, U.S, Silicon, Palo Alto, Koop, Nola, margarita, Way2B1, Fijian, superyachts, New Zealand, Fiji

☆ Elon Musk has beef with the FAA. The agency still puts in a lot of work for him.
▼ + stars: | 2024-09-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

A SpaceX spokesperson did not respond to a request for comment sent during the weekend. AdvertisementIn an interview on Monday at the All-In Summit, Musk mocked the FAA for the time it has taken the agency to approve SpaceX launches. An FAA spokesperson did not respond to a request for comment sent during the weekend. Unfortunately for the FAA, Musk isn't doling out any points for trying. Murray defended his office against claims from SpaceX and Musk that the agency was needlessly delaying the launch of Starship.

Persons: —, Elon, Musk, Steven Kulm, Daniel Murray, Murray, There's, Trump, Christian Grose, I'm, they're Organizations: Service, Federal Aviation Administration, SpaceX, Business, FAA, Elon, Biden Administration, New York Times, Transportation Office, Global Aerospace Summit, Bloomberg, Summit, Twitter, University of Southern Locations: DC, University of Southern California

☆ Elon Musk now travels with up to 20 bodyguards who refer to him by the code name 'Voyager,' report says
▼ + stars: | 2024-09-13 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's the code name that Elon Musk's security team uses to refers to him, The New York Times reported as part of an investigation into the Tesla CEO's protective services. This story is available exclusively to Business Insider subscribers. AdvertisementIn 2022, Business Insider revealed that Musk secretly bought a house after his former address became public knowledge. Related storiesA Tesla SEC filing revealed that Musk's security company billed the company $2.4 million in 2023 and another $500,000 through February 2024, representing just a portion of Musk's total security expenses.

Persons: —, Musk, He's, Errol, Mark Zuckerberg's, Tim, Tesla, Zachary Kirkhorn Organizations: Service, NASA, Elon, New York Times, Business, Times, SEC, Errol's, Apple, Tesla's Locations: bitcoin, Nevada, Texas

☆ Straits Trading's Chew Gek Khim on building a real estate powerhouse
▼ + stars: | 2024-09-12 | by ( Christine Tan | ) www.cnbc.com time to read: +1 min

Chew Gek Khim has been running Straits Trading since 2008, after her family's investment company, Tecity Group, took control following a highly public bidding war. Since then, she's taken the tin legacy smelting business founded in 1887, and transformed it to focus more on becoming a major player in real estate and hospitality. It sits across the water from the popular tourist destination, Penang Island. "I'm optimistic it's a game changer for Penang because this whole area, which was at one time looked at as the poorer cousin of Penang Island, is now coming up," Chew said. Learn more about Chew Gek Khim's leadership style, and how she used it to transform one of Singapore's oldest companies into a real estate powerhouse in the video above.

Persons: Chew, Khim, she's, Christine Tan Organizations: Tecity, CNBC's, UNESCO, Gek Locations: Asia, Straits City, Malaysian, Penang

☆ The big mistake that can leave you ‘highly disappointed’ with your vacation, says travel agent for billionaires
▼ + stars: | 2024-08-23 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

"I think people need to stop following trends, and they need to follow their heart more," India tells CNBC Make It. People of more typical means should avoid falling into the "celebritization of travel," India adds. Instead, India recommends choosing travel spots based on your own passions and what you want to learn more about. Think about what you're reading, watching, listening to and talking about to guide your travel decisions. Where is a place that you can go, try the massages daily, or really go deeper into the culture?"

Persons: Jaclyn Sienna India, Sienna Charles, Beyonce, Jeff Bezos Organizations: Wall Street titans, Hollywood, CNBC, Aspen, Netflix Locations: India, Europe, Egypt, France, Italy, South America, Africa, Southeast Asia

☆ Trump Media tumbles for a 2nd day after the former president returns to X and interviews with Elon Musk
▼ + stars: | 2024-08-13 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Shares of Trump Media dropped almost 4% Tuesday following the former president's interview with Elon Musk. Truth Social's latest earnings show the social media company is still struggling to turn a profit. AdvertisementShares of Donald Trump's media company tumbled for a second day on Tuesday after the former president returned to his firm's top rival after a three-year hiatus. In earnings released last week, Trump Media posted a $16 million loss and a decline in revenue in the most recent quarter. Trump's interview with Musk, streamed on X, lasted over two hours and attracted as many as 1.3 million listeners.

Persons: Elon Musk, —, Donald Trump's, Trump, Twitter —, Musk, Kamala Harris Organizations: Trump Media, Elon, Trump, Service, Truth, Capitol, Twitter, Republican, National Association of Black Journalists Conference Locations: Georgia, Chicago, Palm Beach , Florida

After tearing into each other in the past, the world's richest person and Republican presidential nominee have become close political allies. December 2016: Musk appointed to Trump's advisory councilsDonald Trump on Tuesday escalated his feud with Elon Musk in a series of Truth Social posts belittling the billionaire. May 2022: Musk said he would reinstate Trump's Twitter accountTesla CEO Elon Musk. "You know [Musk] said the other day 'Oh, I've never voted for a Republican,'" Trump said during a Saturday rally in Anchorage, Alaska. AdvertisementJuly 2022: Musk says Trump shouldn't run againElon Musk.

Persons: —, Elon, Donald Trump, Trump, Musk, Yasin Ozturk, Hillary, Elon Musk, Evan Vucci, Uber, Travis Kalanick, flack, Alex Brandon, Musk's, Tesla, Justin Sullivan, He's, Thomas Edison, Jonathan Ernst, Chris Saucedo, unban Trump, Patrick T, Fallon, I've, Alexi Rosenfeld, getty, Seth Herald, Twitter, Ron DeSantis, DeSantis, David Sachs, John Moore, Joe Biden, Ohio Sen, JD Vance, Vance, MAGA, Biden, Kamala Harris, Harris Organizations: Service, Trump, Twitter, Business, CNBC, Elon, White, SpaceX, Donald Trump AP, America, Ford, General Motors, NASA's Kennedy Space Center, REUTERS, SXSW, Financial Times, US, Getty, Republican, and Freedom Coalition, White House, Radical Left, Florida Gov, The New York Times, GOP, Times, Republican National Convention, Ohio, Wall Street, Democratic Locations: United States, Paris, Anchorage , Alaska, California, Cape Canaveral , Florida, U.S, Nashville , Tennessee, Musks, Silicon Valley, Mexico, Eagle Pass , Texas, Eagle, , Texas, Washington, Ukraine, Lago, Harris

☆ Turns out being a venture capitalist can be really hard and some VCs want out
▼ + stars: | 2024-08-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, turns out being a venture capitalist can be really hard, and some VCs want out . The big storyWe were promised big returnsiStock; Rebecca Zisser/InsiderFor venture capitalists, when the going gets tough, the tough get going…toward the exits. Some VC workers are reconsidering their future as the industry goes through a rough patch, writes Business Insider's Sri Muppidi. The ink was barely dry on a deal before startups were raising another round, doubling their VCs' investment (on paper) along the way. One Bay Area partner told Sri junior investors need to meet dozens of companies a week.

Persons: —, Rebecca Zisser, It's, That's, VCs, dobi, Goldman Sachs, duMond, Chip Somodevilla, Alyssa Powell, Jamie Dimon, we're, Jamie, David Zalubowski, Chelsea Jia Feng, Meta's Instagram, Grzegorz Wajda, Elon Musk, Musk's X, he's, Grimes, Sam Altman, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, VCs, Tiger Global, Area, JPMorgan, YouTube, Dell, Getty, Elon, Federation, Global Alliance, Responsible Media, UK Prime, Democratic, Trump, Disney Locations: Patagonia, Dimon, Anaheim , California, North Carolina, Virginia, New York, London

☆ Elon Musk sued by ex-CNN anchor Don Lemon over canceled X deal
▼ + stars: | 2024-08-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Lemon had "incurred hundreds of thousands of dollars in expenses" in preparing for the show, the lawsuit alleges. Former CNN anchor Don Lemon sued Elon Musk on Thursday, accusing him of making false promises to entice the journalist into a canceled deal to host a show on the billionaire's social media platform. Lemon accuses Musk and X of fraud, negligent misrepresentation, misappropriation of name and likeness, breach of contract, and unjust enrichment. "You're set up for a lot of $$ this year," Weitz allegedly told Lemon in a Dec. 30, 2023, text. "To this day, Defendants have not compensated Lemon pursuant to the exclusive partnership deal that Defendants induced Lemon to enter into," the lawsuit says.

Persons: Musk, Lemon, Don Lemon, Elon Musk, Carney Shegerian, Shegerian, who's, Nikki Haley, Linda Yaccarino, Brett Weitz, " Weitz, Weitz Organizations: CNN, Twitter, CES, SpaceX Locations: San Francisco, New York City, Las Vegas, Lemon

☆ We put Elon Musk's dream to colonize Mars up against Jeff Bezos' vision of living in space — and one is more realistic
▼ + stars: | 2024-07-29 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +9 min

ConstructionElon Musk's vision of a Martian city (top) and an artist's concept of Bezos' O'Neill space colony (bottom). Bezos' space stations could be built to resemble Earth more easily — no massive terraforming necessary. "If I had to pick a billionaire's vision of the future, I would definitely go with Elon Musk's Martian colony," Gonçalves told BI. That's why Rachael Seidler thinks Musk's Martian cities are a better bet than Bezos' space stations. Joe Raedle/Getty ImagesThe majority of experts BI spoke with agreed that Musk's Martian colony is more feasible than Bezos' enormous space stations.

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, he's, O'Neill, Anthony Longman, Longman, I'm, Rebeca Gonçalves, Gonçalves, Elon, Rachael Seidler, SEBASTIAN KAULITZKI, roaches, we've, Adam Watkins, It's, Watkins, it's, Joe Raedle Organizations: SpaceX, Origin, Business, Elon, YouTube, Space Station, NASA, Wikimedia, University of Florida, University of Nottingham, Elon Musk

☆ Elon Musk's transgender daughter says he was an absent and 'cruel' father
▼ + stars: | 2024-07-26 | by ( Erin Snodgrass | Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk's transgender daughter said the Tesla CEO was an absent father who frequently rebuked her for being queer and feminine as a child. Wilson, who has stayed out of the public eye until now, told NBC News that Musk's comments went too far. Wilson told NBC News the book — which described her as being a supporter of "radical Marxism" via a quote from Musk's sister-in-law — was inaccurate and unfair. Isaacson also referred to Wilson by her middle name, Jenna, in the book, Wilson said. The author told NBC News that he reached out to Wilson's family members in an effort to reach her.

Persons: —, Elon, Tesla, Vivian Jenna Wilson, Musk, Wilson, Justine Musk, Jordan Peterson, misgendering, I'm, Elon Musk, Richard Bord, Walter Isaacson, Musk's, Isaacson, Jenna, Peterson Organizations: Service, NBC News, Business, Getty, NBC Locations: California

☆ Bernard Arnault's wealth is slumping as the luxury boom falters
▼ + stars: | 2024-07-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Bernard Arnault's wealth fell by about 20% between late March and late July, per Bloomberg data. There's been a drop in demand for luxury goods, and LVMH posted disappointing earnings this week. Arnault is still the world's third-richest person, with an estimated net worth of $185 billion. AdvertisementLVMH CEO Bernard Arnault's wealth is slumping amid a drop in demand for luxury goods. Still, Arnault remains the world's third-richest person, and the wealthiest outside the US.

Persons: Bernard Arnault's, There's, LVMH, Arnault, —, He's, Elon Musk, Jeff Bezos Organizations: Bloomberg, Service, Elon, Business

☆ These apartments go for more than $100,000 a month. Why the superrich are deciding to rent rather than buy.
▼ + stars: | 2024-07-23 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

AdvertisementIn doing so, they have etched out a new niche at the most rarefied heights of the residential market, in part by persuading buyers who might have lavished millions of dollars – or more – to rent instead. Rental projects, on the other hand, while less lucrative upfront, offer more stability for owners with a long time horizon. It recently reconsidered the plan based on the success of the building's rentals, Aries said, and is now offering the penthouse unit for rent. A guest room at a Maison Hudson luxury apartment Kira Turnbull for The CollectionBased on the success of Maison Hudson, Wainbridge is planning identical projects in Los Angeles and Miami Beach, according to Oudinot. Advertisement"The demand is thin and high and very volatile" at the top of the residential market, according to Nancy Packes, a real estate advisor and broker.

Persons: —, Ken Griffin, –, Maison, Tyrone McKillen, McKillen, Maison Hudson, Kira Turnbull, Jay, Beyonce, Erin Boisson Aries, Douglas Elliman, Aries, Maison Hudson Kira Turnbull, Maison Hudson's, Mikhail Kurnev, Kurnev, Jacques Oudinot, Barths, Oudinot, Wainbridge, Nancy Packes Organizations: Service, Business, Maison Hudson, Bel Air, Wainbridge, Miami Locations: Manhattan, West, Los Angeles, Maison, London, Fasano, Paris, Saint, St, Maison Hudson, Miami Beach

☆ Unsealed deposition with Elon Musk's righthand man reveals new details about their working relationship
▼ + stars: | 2024-07-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Previously sealed court documents provide insight into Elon Musk's righthand man, Jared Birchall. In a deposition for Twitter's lawsuit against Musk, Birchall describes his relationship with the Tesla CEO. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEver wondered what it's like to serve as Elon Musk's righthand man? A trove of previously unreleased documents related to Musk's legal battle with Twitter provides a peek into Musk's working relationship with Jared Birchall, a former banker who runs the billionaire's family office.

Persons: Elon Musk's, Jared Birchall, Musk, Birchall, —, Aaron Greenspan Organizations: Service, Elon, Twitter, Chancery, Business Locations: Delaware

☆ Joe Biden's bombshell revives Elon Musk's ambitions to make X the world's digital town square
▼ + stars: | 2024-07-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

That's right: Biden used X to tell the world he was pulling out of the presidential race. Related storiesThis has all helped build X's case as the internet's digital town square. Spam and abuseThat said, there have been several signs in the months prior suggesting that it is hardly fit to be a digital town square. Pavliuc also notes that X's leaders have struggled to present the app as a "digital town square" that's fair for all. "It's important to think about comparing it to a physical town square where if you scream misogynistic or racist slurs at someone, would that be OK?

Persons: —, Elon, Donald Trump, Joe Biden, That's, Biden, Alex Brandon, Mike Stewart, Linda Yaccarino, Yaccarino, Joseph Teasdale, Alexa Pavliuc, Teasdale, Pavliuc, Onur Dogman, Kamala Harris, Musk, who's Organizations: Service, White, Business, Trump, Twitter, Analysis, Oxford Internet Institute, Democrats Locations: Israel, Gaza

☆ Trump says he loves Elon Musk even though he never heard of the $45 million-a-month donation plan from the billionaire
▼ + stars: | 2024-07-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Read previewDuring a rally in Michigan on Saturday, Donald Trump had high praise for Elon Musk, calling the Tesla CEO a "great" and "brilliant guy." Musk came out with an endorsement of Trump on July 13, the day of the assassination attempt. "I read — I didn't even know this, he didn't even tell me about it, but he gives me $45 million a month," Trump said. Related storiesDuring the Saturday rally, Trump said he thinks electric cars are "incredible, but they're not for everybody." It will only help Tesla," Musk said on X on July 16.

Persons: —, Donald Trump, Elon Musk, Musk, Trump, Elon, DJT, they're, Biden, Tesla Organizations: Service, Trump, Street, Business, Environmental Protection Agency, Twitter Locations: Michigan

☆ How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money
▼ + stars: | 2024-07-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +10 min

Read previewNate Anderson, the chief mind behind activist short-seller Hindenburg Research, has had an eventful past 18 months. AdvertisementDetailed below is the considerable back-and-forth that's taken place since Hindenburg's initial shot across the bow of Adani Group. It cited "numerous examples"of those companies funneling money through private companies owned by Adani, before cash was set to Adani's listed public companies. AdvertisementThe short-seller's investigation also found Adani's private and public companies to have "numerous" undisclosed transactions with other parties, the researchers found, which violates regulatory laws in India. Conflict over Hindenburg's short-selling arrangementIndian regulators have raised specific questions about the structure of Hindenburg's short bet on Adani Group.

Persons: —, Nate Anderson, Gautam Adani, Hindenburg, it's, Anderson, Gautam, Hindenburg's, Adani, SEC —, Kingdon, who's, he's, Nikola, Carl Icahn Organizations: Service, Hindenburg, Business, Group, Adani, Adani Group, Hindenburg Research, The Securities, Exchange Board, SEC, Kingdon Capital Management, Regulators, Lordstown Motors, Icahn Enterprises, New York Times, Times, charlatans Locations: India, Manhattan, Adani, New York

☆ Elon Musk is giving India the cold shoulder and ghosting officials on Tesla investments
▼ + stars: | 2024-07-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Tesla hasn't engaged with India's government since Elon Musk canceled his trip in April, per Bloomberg. Tesla was initially planning to build a new factory in India but seems to have shifted its focus. Musk has told investors to value Tesla as an AI or robotics company instead of an automaker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndia may no longer be a priority for Tesla and its CEO Elon Musk.

Persons: Tesla, Elon Musk, Musk, —, hasn't Organizations: Elon, Bloomberg, Service, Tesla, Business Locations: India

☆ I'm the son of a billionaire who forged my own career path
▼ + stars: | 2024-07-03 | by ( Jane Zhang | ) www.businessinsider.com time to read: +9 min

And if you're not going to do a job, don't do a job." AdvertisementThe next summer, I got a product management internship at a startup called Travelnuts, which I liked. At a certain point, maybe I'll plateau or stop progressing, and I'll have to choose to stop because I'm just not good enough. I'm 29 now, so the idea that in about five years, I'm supposed to roughly know my trajectory kind of haunts me. I'm pretty confident in my comedy, so I'm full speed ahead on being a comedian.

Persons: Pete Ballmer, Steve Ballmer, would've, Harry Potter, he'd, I'd, I'm, I've, wouldn't, Jane Zhang Organizations: PCWorld Magazine, Business, Stanford, Zynga, Friends Locations: San Francisco, TripIt, Farmville, Expedia, Bay, janezhang@businessinsider.com

☆ Chipotle's latest marketing campaign shows how restaurants are getting creative to win your lunch break
▼ + stars: | 2024-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Chipotle's newest pitch in the big business that is winning your lunch break. Market research firm Future Markets Insights pegged the lunch takeout market at $215.3 billion in 2022 . Chipotle's latest marketing campaign shows how creative restaurants are getting to nab your lunch order. Bitcoin's cooldown might be a warning for the stock market. A Stifel strategist predicted a late-summer stock market decline based on bitcoin's 10% sell-off in the past few weeks.

Persons: —, Chelsea Jia Feng, Keith Lee, Alyssa Powell, haven't, Taco Bell, Tim Hortons, Burger King, sarayut Thaneerat, Tyler Le, Ken Griffin, Bitcoin's, isn't, That's, Jensen Huang's, Satya Nadella's, Marc Piasecki, Elon Musk, They're, Alfie, Alfie Health, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, nab, bros, Chipotle, Getty, Brands, KFC, Taco, BI Citadel, Sunshine State, Congressional, Nasdaq, Apple, Apple Intelligence, Nvidia, Microsoft, Amazon, Elon Locations: Cava, Illinois, Florida, China, New York, London

What's next: Media Matters filed a motion to dismiss Musk's lawsuit in March, but a judge has yet to rule. VCG/GettyGovernment lawsuits and investigationsSEC investigation into Musk's Twitter takeoverThe issues: The Securities and Exchange Commission is investigating Elon Musk's Twitter purchase. Matt Winkelmeyer/Getty ImagesPersonal lawsuits against MuskTornetta v. MuskThe issues: Tesla shareholder Richard Tornetta sued Musk and Tesla in a class action lawsuit regarding Musk's compensation package, which was worth $55.8 billion at the time. Several lawsuits also allege Musk discriminated against them because of their race, gender, or disability in choosing to fire them. The executives were set to receive golden parachutes, but claim Musk and X have not paid them out.

Persons: —, Elon Musk, Musk, Claire Boucher, Grimes, Alex Spiro, Sam Altman, Donald Trump, Spiro, Anna Webber, Angelo Carusone, What's, Gina Carano, Schaerr Jaffe, Tesla, Musk's, Elon, SEC hasn't, Elon Musk's, who've, Owen Diaz, Matt Winkelmeyer, Richard Tornetta, Kimbal Musk, He's, Boucher, Benjamin Brody, Brody, Brody reverberated, Ben Brody, didn't, Robert Kaiden, Kaiden, he's, Agrawal, Parag Agrawal, Ned Segal, Twitter Vijaya Gadde, Sean Edgett, Segal, hadn't Organizations: Service, SpaceX, Business, OpenAI, SEC, Trump, Trump —, Elon, Variety, Media, X Corp, Disney, National Labor Relations Board, UAW, Tesla, Getty Government, Twitter, Securities, Exchange Commission, Justice Department, Reuters, Traffic, Administration, NHTSA, Apple, NLRB, Musk's SpaceX, US, Employment Opportunity, Musk, Nazi, Litigation Locations: Texas, Texas and Missouri, America, Nazi Germany, California, Delaware, San Francisco

☆ Looks like Elon Musk just added Melinda French Gates to his list of billionaires' ex-wives who 'might be the downfall of Western civilization'
▼ + stars: | 2024-06-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Melinda French Gates endorsed President Joe Biden on Thursday and Elon Musk isn't happy about it. "Might be the downfall of Western civilization," the mercurial billionaire said in response. AdvertisementMelinda French Gates has given her first-ever presidential endorsement, and Elon Musk isn't too happy about it. "Might be the downfall of western civilization," Musk said in response to an X post by The Babylon Bee staffer Ashley St. Clair on Gates' endorsement of Biden. Gates formally endorsed Biden in an X post published Thursday.

Persons: Melinda French Gates, Joe Biden, Elon Musk, Musk, MacKenzie Scott, —, Elon Musk isn't, Ashley St, Gates, Biden, I've Organizations: Service, Babylon Locations: Clair

☆ There's a pipeline of former Tesla staffers to Elon Musk's shiny new startup xAI
▼ + stars: | 2024-06-19 | by ( Kali Hays | Grace Kay | ) www.businessinsider.com time to read: +5 min

People who work for an Elon Musk company have an opportunity to do something uncommon in business. Some recently sued Musk over claims that he's funneling AI talent to xAI instead of Tesla. He said earlier this year he was "uncomfortable" expanding Tesla's AI and robotics capabilities without additional voting control. Related storiesThe carmaker's CEO also recently diverted prized chips necessary for AI work that was headed for Tesla to xAI, CNBC reported. Most of the xAI employees who formerly worked at Tesla started working at the startup immediately after Tesla enacted mass layoffs earlier this year.

Persons: Musk, Tesla, xAI, —, Kali Hays, Grace Kay Organizations: Service, Elon Musk, Business, xAI, Twitter, CNBC, BI, EV, SpaceX, The Boring Locations: Neuralink, Tesla, xAI, khays@businessinsider.com, gkay@businessinsider.com

☆ The trips Justice Clarence Thomas took with Harlan Crow — that we know of
▼ + stars: | 2024-06-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Read previewSupreme Court Justice Clarence Thomas is once again facing renewed scrutiny amid details about undisclosed trips he took with GOP mega-donor Harlan Crow. Advertisement"The Judicial Conference changed this provision last year, and Justice Thomas has fully complied with the new disclosure requirement," Berke said. GOP megadonor Harlan Crow has defended his relationship with Justice Clarence Thomas after a series of bombshell ProPublica reports. July 2019: Bali, IndonesiaThomas and Crow's 2019 Bali vacation was the centerpiece of ProPublica's original 2023 report. ProPublica previously reported on Thomas' trips to the gentleman's retreat.

Persons: —, Clarence Thomas, Harlan Crow, Thomas, Sen, Dick Durbin, Crow, ProPublica, Michael Zona, Committee's, Elliot S, Berke, Louis, New York ProPublica, Camp Topridge, Leonard Leo, Chris Goodney, Indonesia Thomas, Ginni Thomas, Michaela Rose, Bohemian Grove , California Thomas, Topridge, Topridge —, buddy's hideaway, Crow's, Justice Organizations: Service, GOP, Business, BI, Verizon, PricewaterhouseCoopers, Bloomberg, Getty, Washington Post, DC, Supreme Locations: Indonesia, Grove, Monte Rio , California, Montana, St, Kalispell , Montana, Dallas, New York, Crow's, Thomas, Savannah , Georgia, Georgia, Bali, Bohemian Grove , California, Bohemian Grove, Northern California, Washington, San Jose , California, New Zealand

☆ Another Tesla shareholder came out against Elon Musk's multibillion-dollar pay package, saying the billionaire should 'focus on going to Mars'
▼ + stars: | 2024-06-11 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewAnother major Tesla shareholder is publicly opposing Elon Musk's multibillion-dollar pay package just days before investors are set to vote on the enormous figure ahead of the automaker's annual shareholder meeting on Thursday. AdvertisementDespite Musk's other endeavors, Tesla remains a car company — and the automaker's output and stock valuation should reflect that, Ailman said. He designed the cars," Ailman told the outlet. Proxy advisors are recommending investors vote no on the pay package, advice which Tesla's passive investors — about 20% of investors in total — are likely to follow, Bernstein analyst Toni Sacconaghi told BI. "He wants to go to Mars," Ailman told CNBC.

Persons: —, Elon Musk's, Christopher Ailman, Ailman, Tesla, Bernstein, Toni Sacconaghi, CalSTRS, Musk, Let's Organizations: Service, California State Teachers, CNBC, Business, Golden State, Tesla, Nvidia Locations: Delaware, California, Golden

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