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...Troost had long claimed he had no management role in Paramount DMCC and that, as a separate legal entity incorporated in the UAE, its activities were not subject to western restrictions....
...“North American companies place a greater emphasis on pay-at-risk,” said Stephen Diotte, compensation practice leader at the Bedford Group, a Calgary-based consultancy....
...Emembolu most recently worked as chief of staff to Looney and then Auchincloss after previously running BP’s business in the North Sea....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...About two-thirds of the Fortune 500 are incorporated in the state....
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...“Commercial viability is fundamental for ambitious projects of this size and scale,” said Molly Morris, president of Equinor Renewables Americas....
...Stints in Texas and Scotland as finance chief for the company’s North America gas and North Sea operations, respectively, followed....
...“If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” Musk wrote on X on Wednesday....
...Nor did it file in Delaware, where most of its entities are incorporated....
...in other companies to a value of more than $2mn....
...The Australian refinery is one of five biofuel projects that BP has planned globally, the company said. But, make no mistake, oil is still king at BP....
...Plus, WeWork’s former CEO Adam Neumann is trying to buy the company out of bankruptcy....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...Other companies: Blackstone, DR Horton and Alaska Air Group will report earnings before the bell....
...Meanwhile, BP has finally announced a new permanent chief following Bernard Looney’s abrupt departure in September after failing to disclose past relationships with company colleagues....
...Lawyer fee awards have become a hot topic in courts in Delaware, where more than 300 S&P 500 companies are incorporated....
...Companies such as Elon Musk’s X and Charlie Ergen’s Dish Network are incorporated in Nevada where boards face less scrutiny. Greg Maffei’s Liberty TripAdvisor is also seeking to move to the state....
...Dave Lawler, who has served as chair and president of BP America since July 2020, is leaving the company to pursue other interests, according to an internal memo sent to employees on Friday....
...He vowed to “rescue” the company and halted oilfield tenders....
...Any up-and-coming pop star knows: it is tough to break America. A number of financial institutions have tried to crack the US over the years. Not many have succeeded....
...Rentokil now expects its full-year performance in North America to be “marginally below” its previous expectations....
...Tesla insisted its advisers’ analysis suggested that there would be no discount applied to a company in an untested legal environment....
...Last week the company criticised Brazilian judges’ orders for it to censor “certain popular accounts”....
...Traders will also be closely watching whether other companies follow BP’s example....
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