Category: Musks
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Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay By Reuters
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Written by Tom Hales WILMINGTON, Delaware (Reuters) – The Wilmington electric car maker (NASDAQ:) said the legal team that invalidated Tesla Inc’s (NASDAQ:) record pay package is entitled to a small portion of the $5.6 billion legal fees they sought because their lawsuit It provided almost no benefit to the…
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Top proxy adviser ISS recommends against Tesla CEO Musk’s ‘excessive’ $56 billion pay By Reuters
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Written by Ross Kerber (Reuters) – Top proxy advisory firm ISS recommended that Tesla (NASDAQ:) shareholders vote against ratifying CEO Elon Musk’s $56 billion pay package, calling the compensation excessive and rejecting the plan drawn up by the electric car maker’s board. In a report sent by a representative late…
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Cathie Wood’s Ark Investment Management Bets Big On Elon Musk’s AI Venture, XAI
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A picture of the economic era In a move that underscores the growing importance of artificial intelligence (AI) in the global technology landscape, Cathie Wood’s Ark Investment Management has made a major investment in Elon Musk’s artificial intelligence startup, xAI. This strategic acquisition, which represents approximately 2% of Ark’s holdings,…
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Elon Musk’s AI Start-Up xAI Raises $6bn in Funding
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Elon Musk’s artificial intelligence startup, xAI, has raised $6 billion from high-profile investors, including Andreessen Horowitz and Sequoia Capital. This latest round of funding boosts the company’s value to an estimated $24 billion, making it an important player in the AI landscape. The newly acquired funds will be instrumental in…
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Tesla shareholders advised to reject Musk’s $56 billion pay
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(Reuters) – Dealer consulting firm Glass Lewis said on Saturday it had urged Tesla Inc shareholders to reject a $56 billion pay package for CEO Elon Musk, which if passed would be the largest pay package for a U.S. corporate CEO. The report cited reasons such as the “excessive size”…
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Tesla shareholders advised to reject Musk’s $56 billion pay By Reuters
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(Reuters) – Consulting firm Glass Lewis said on Saturday it had urged Tesla (NASDAQ:) shareholders to reject a $56 billion pay package for CEO Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons such as the “excessive size”…