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...Robyn Denholm, chair of Tesla’s board, wrote to shareholders on Wednesday asking them to approve the move to Texas and to ratify Musk’s pay package, which they previously approved at a meeting in 2018....
...When it comes to keeping hold of senior executives and business-critical employees, there are other ways of structuring contracts and compensation packages to encourage retention, including longer notice...
...In this week’s ruling in Delaware, McCormick said Musk’s record-breaking $56bn remuneration package had been improperly approved by the company’s board and had short-changed shareholders....
...It seeks to intervene only when boards fail to oversee and reward executives appropriately....
...“Redomestication is a board decision, not a decision for a chief executive officer,” the shareholder letter gravely states....
..., the chief executive of Ares Management, for $1.73bn....
...But she also said it was an exceptional case, involving a relatively rare prison sentence for contempt of court and wrongful medical parole....
...Imagine a company, several of whose board directors used to go on family holidays with its chief executive and who recruited one director after he took a break with them....
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...“ESG efforts have targeted Texas’ oil and gas economy,” said Aaron Kinsey, chair of the state board of education....
...Aaron Kinsey, chair of the Texas State Board of Education, in a letter asking for the decision to be reconsidered.* BlackRock declined to comment on the size of red state ESG-related divestments....
...’s parole authority....
...The appointment follows the recent departure of Steve Hill. Piedmont Lithium has appointed Dawne Hickton to the board of directors of the lithium supplier....
...The tone of public TV broadcasts has changed completely, while the former chief executive gave up the fight and resigned....
...The executive said the views of bondholders and equity investors clashed over the idea of a potential break-up....
...Topher Forhecz is our executive producer. Sound design and mixing by Sam Giovinco. Cheryl Brumley is the global head of audio. Thanks for listening. See you next week....
...West Texas Intermediate, the US marker, rose 2.6 per cent....
...According to a former board member of steel and battery materials producer Posco, the company’s leadership is worried the government is seeking a pretext to block the reappointment next year of chief executive...
...As well as serving as the company’s chief executive and chair, Musk “enjoyed thick ties with the directors tasked with negotiating on behalf of Tesla, and dominated the process that led to board approval...
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...Stints in Texas and Scotland as finance chief for the company’s North America gas and North Sea operations, respectively, followed....
...Marc Filippino Sujeet, what are the odds that he’s actually going to be able to persuade the board and shareholders to move the incorporation of the company to Texas given that the shareholders were the...
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