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A judge rules Elon Musk is not entitled to receive the compensation package Tesla shareholders voted for. The package is worth $103 billion and consists of 303 million Tesla options...
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ZS earnings call for the period ending September 30, 2024...
Continue ReadingTesla’s board had argued that a shareholder vote earlier this year addressed the court’s previous criticisms...
Continue ReadingNearly half of shoppers can expect to have at least one delivery fall victim to porch pirates during the holiday season...
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(Bloomberg) -- Elon Musk’s record-setting Tesla Inc. pay package was struck down once again by a Delaware judge, threatening to wrest billions of dollars from the world’s richest person and one of Donald Trump’s closest confidants.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionDelaware Chancery Court Judge Kathaleen St. J. McCormick ruled Monday that Tesla’s board was improperly influenced by Mus...
Continue ReadingUp about 75% year to date as of this writing, Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC for short, has been on a strong run this year as it has benefited from the AI infrastructure buildout. TSMC is the world's leading semiconductor contract manufacturer, and produces chips for some of the largest tech companies in the world, including Apple and Nvidia. Manufacturing chips is a capital-intensive business that requires building expensive foundries, and high utilization levels are necessary to ensure profits, which is why many of the world's top semiconductor companies outsource their chip manufacturing...
Continue ReadingLawsuit alleges Apple monitors employees' personal iCloud accounts and illegally limits them from discussing their wages and working conditions...
Continue ReadingTesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. Musk told a special committee of the Tesla board soon after a judge voided his compensation in January that he wanted a similar-sized replacement package, according to a securities filing. In addition, earlier this year he said on his social media platform X that he wanted a larger stake in Tesla or he might develop some products outside the company...
Continue ReadingAmazon Web Services' (AWS) biggest conference of the year has begun, and all signs point to it being an eventful one. AWS re:Invent 2024 kicked off in Las Vegas on Sunday, with sessions scheduled to run through December 6. A keynote address featuring AWS CEO Matt Garman will take place December 3, starting at 8 a.m. PT sharp. AWS plans to make a livestream of the keynote available on YouTube, and we'll be covering everything that's announced onstage. Keep your eyes peeled for that, as well as fo...
Continue ReadingElon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected on Monday by a Delaware court, despite being approved by Tesla shareholders at a June meeting...
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