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At the automaker’s annual shareholder meeting, the CEO struck a conciliatory note while providing updates on Model 3 production, Autopilot, Tesla’s Supercharger network, veganism, and more. https://media.wired.com/photos/5b16f58102845f1e631df8c5/master/pass/ElonMusk-855370038.jpg
Joe Skipper / Reuters Tesla shareholders scored a small victory in their lawsuit against CEO Elon Musk and Tesla’s board on Wednesday. A judge refused to dismiss a lawsuit stemming from the electric-car maker’s 2016 acquisition of the energy company, SolarCity, allowing the case to move forward. Shareholders in the class-action claim are accusing Musk […]
Even as Qualcomm’s efforts to sway NXP shareholders showed signs of growing futility, the company announced it was extending its acquisition offer by another 10 days. This marks the third extension in the past month, and with each successive announcement Qualcomm has noted that fewer shareholders of NXP semiconductors have tendered their shar…Read More
David Ramos/Getty Images A Facebook shareholder is suing the company for allegedly misleading investors. The suit is seeking class action status. The investor claims that since Facebook did not inform shareholders about the Cambridge Analytica data scandal, the company omitted facts that have led to a decline in Facebook’s value. Facebook has lost about $ […]
(Reuters) — Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth. Zuckerberg on Friday said that he […]
Enlarge / Heather Bresch, chief executive officer of drugmaker Mylan, faces backlash and an ouster from shareholders. (credit: Getty | Bloomberg) An influential advisory firm, the Institutional Shareholder Services (ISS), has urged Mylan’s already mutinous shareholders to vote against the company’s incumbent board of directors following the damaging EpiPen scandal and exorbitant executive salaries, Reuters […]
Enlarge / Elon Musk in front of a Tesla in China in 2015. (Photo by VCG/VCG via Getty Images) (credit: Getty Images) In a shareholder meeting on Tuesday evening, Tesla CEO Elon Musk addressed a few questions from investors as his company gets ready to move into production on the Model 3, the lower-priced electric […]
AP CHICAGO (Reuters) – United Continental Holdings executives faced disgruntled company and contracted employees at its annual shareholders meeting on Wednesday as the airline tried to repair its public image damaged by recent customer relations fiascos. Addressing the April 9 incident in which a paying passenger was dragged from a parked plane to make room […]
Apple Last year, an Apple shareholder introduced a diversity resolution that would require Apple to “increase the diversity of senior management and its board of directors.” Apple shareholders voted down the resolution 94.9% to 5.1%. But the person who introduced the resolution, investor Tony Maldonado, reintroduced a version of the resolution again this year, and he even […]
