Challenge to Musk’s $56 BILLION Pay Package

From Rebecca Bellan via Veritas: As if Elon Musk didn’t have enough on his plate, the world’s richest man is headed to court to defend his $56 billion Tesla pay package. Richard Tornetta, a Tesla shareholder who filed suit in 2019 to rescind Musk’s 2018 pay deal, claims the package — “the largest compensation grant…

Elon Musk Dissolves Twitter Board, Crowns Himself as ‘Sole Director’

This is why there’s a G in ESG — a governance risk red flag the size of Alaska. We suspect that Musk’s other equity investors will have something to say about this. Elon Musk dissolved Twitter’s board and made himself the “sole director” of the company after all previous members were removed from their roles,…

Elon Musk Lashes Out After Tesla Dropped From ‘Social Good’ S&P ESG Index

Elon Musk lashed out on Wednesday on Twitter—the social media platform he has perhaps pretended he will buy—to complain that Tesla has been dropped from a stock market index that includes companies committed to the environment, social concerns like diversity, and corporate governance. “ESG is an outrageous scam!” Musk said, referring to the acronym that…

GOP Members of Congress Pressure Twitter on Musk Offer

The Republican party, which once prided itself on being the party of free market economics and support for business and deregulation (VEA Chair Robert A.G. Monks and Vice Chair Nell Minow worked on President Reagan’s Task Force on Regulatory Relief) has become the party of government intrusion on business, the nanny state. if the nanny…