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Elon Musk's five-day trial in Delaware over his $50 billion Tesla pay package began Monday. A Tesla shareholder has sued Musk and the automaker, alleging his pay plan is unreasonable. Richard Tornetta, the "Dawn of Correction" heavy metal drummer and a Tesla shareholder, sued Tesla and Musk after the compensation plan was instituted in 2018. The company has since surpassed the metrics as its market value surged from $53 billion to over $690 billion, Musk's lawyers said in the court filing. The result of the five-day trial could impact not only Musk's pay package, but his other companies as well, Anat Alon-Beck, assistant professor of law at Case Western Reserve University, told Insider.
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.
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.
Elon Musk could be facing up to $100 million in personal legal fees after renewing his offer to buy Twitter. Both Twitter and Musk employed over 50 lawyers in the months leading up to the trial. A lot of the cost, of course, is going straight to the lawyers and major firms Musk and Twitter employed. He added that hourly billing is unlikely to be how Musk and Twitter were solely charged in this case. Are you legal professional involved in Musk vs. Twitter or someone with insight to share?
After careful consideration, Tara and Justin chose to terminate the pregnancy, both to protect Tara's life and to prevent Griffyn from suffering. But she says she consulted with a hospital lawyer, who said Tara couldn't get the abortion because of the new Ohio law. "I literally have never felt more helpless in my life," Justin added. In her email, Whitmarsh said that protections for the mother are "extremely clear" under Ohio law and that "the life of the mother is protected by the law undeniably." She explained that she then had "an abortion to save my life for a baby that had absolutely no chance."
As the oldest sitting president, he's raising concerns about how long he can continue governing. Republicans — including Trump — have gleefully seized on Biden's verbal misadventures, such as when he called his vice president "President Harris." President Joe Biden drives the Ford's new all-electric F-150 Lightning in Dearborn, Michigan. Ruggerio described the idea that Joe Biden is diminished or can't remember things as "bull crap." Cox said that while he thinks Biden is "still Joe" and still capable, he worries that Biden's age is a problem.
A new study found that boards look for CEOs with high emotional intelligence. Emotional intelligence is one's ability to understand how people feel and react to make decisions. Managers with high emotional intelligence were found to be 11% more successful in completing projects than those who said they ranked low in emotional intelligence, according to research conducted by software reviews platform Capterra published in January. What emotional intelligence looks like and how to build itThere are multiple parts to emotional intelligence leaders (and managers in general) can work to improve. "One part of emotional intelligence is asking for feedback and being able to accept that feedback.
Those who knew him in grade school say Thiel was a "joyless" childOne of Thiel's classmates told Chafkin, "I can't remember him laughing. In his senior year of high school, Thiel took the SAT for underclassmen for $500 each, according to a classmateThiel, whose own scores were near perfect, seemed bored and careless by the end of high school. Though he knew it could cost him his spot at Stanford, Chafkin says Thiel made an "unbelievably risky" move and started the lucrative side hustle. While at Stanford, Thiel argued that his peers' anti-apartheid positions were overblown and, according to Chafkin, Thiel told a Black student that apartheid "works." A man who used to play with him told Chafkin that Thiel "liked that quiet control" of determining the reality of the game.
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