Category: directors

Tesla Directors to Return More Than $735 Million to Company to Settle Suit Challenging Compensation

July 18, 2023
Business & MarketsCompaniesdirectorssuittesla
0 Comment

DOVER, Del.—Current and former directors of electric-vehicle maker Tesla Inc. have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they unjustly enriched themselves with excessive compensation. The proposed settlement was outlined in documents filed late Friday in the Delaware Court of Chancery and is subject to…

Read More

Renowned Chinese Communist Party Artists Die in Rapid Succession in December

December 27, 2022
artistsCCP VirusChinacomposersCOVIDdirectorsPeking OperaSpecial Topics
0 Comment

The recent wave of Omicron infections in China has caused numerous deaths, many of whom were renowned artists, actors, opera singers, film directors, and writers and had ties to the Chinese Communist Party (CCP). Actor Who Played Mao Zedong Dies Actor Zhang Mu, 92, who played Mao Zedong in many CCP films, died in Beijing…

Read More

Boeing Directors Agree to $237.5 Million Settlement Over 737 MAX Safety Oversight

November 6, 2021
BoeingBusiness & EconomyCompaniesdirectorsDistrict of ColumbiaeconomyLocal NewsmaxRegional-Local NewsSafetysettlementUSUS News
0 Comment

WASHINGTON/SEATTLE—Boeing Co. current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board’s safety oversight of the 737 MAX aircraft, documents released on Friday show. Following two fatal 737 MAX crashes in the space of five months in 2018–19 that killed 346 people, Boeing’s best…

Read More

Tesla Directors Get Softer Support, Shareholder Proposal Gains Traction

October 15, 2021
Business & EconomyCompaniesdirectorssupporttesla
0 Comment

Electric carmaker Tesla Inc. on Wednesday reported lower support than usual for two directors at its recent shareholder meeting, and greater support for a call to review the company’s use of mandatory arbitration after a court decision in favor of a temporary employee who accused Tesla of racial discrimination. The votes indicated growing shareholder dissatisfaction…

Read More