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Musk Will Have to Sell a Lot of Robots to Get That $1T Payday

He'll also have to boost Tesla's market cap by more than 500%

(Newser) - Elon Musk's path to a potential $1 trillion Tesla payday, approved by shareholders on Thursday, comes with a steep set of challenges. The pay package could eventually give Musk a 25% stake in Tesla, but only if he and the company clear a series of financial and operational hurdles....

Tesla Shareholders Approve $1T Pay Package for Musk
Tesla Approves Musk's $1T Pay
Nov 6, 2025 5:45 PM CST

Tesla Approves Musk's $1T Pay

CEO has to hit series of milestones, including selling 1M humanoid robots

(Newser) - Tesla shareholders have approved a compensation plan that could award CEO Elon Musk up to $1 trillion in stock, making it the largest pay package in corporate history. More than 75% voted in favor of the proposal at the company's annual meeting at its Austin headquarters, the Wall Street...

World's Largest Wealth Fund: It's a No on Musk's $1T Pay Deal

Norway's Norges Bank cites concerns over size, risk of unprecedented pay package for Tesla CEO

(Newser) - Norway's sovereign wealth fund, the world's largest, has announced it will vote against Tesla CEO Elon Musk's proposed $1 trillion pay package. The fund, which holds a $17 billion stake in Tesla, cited concerns about the award's scale, potential dilution, and what it calls "key...

Kleenex Owner to Buy Tylenol Maker
Tylenol Maker Is Being Sold
Nov 3, 2025 6:53 AM CST

Tylenol Maker Is Being Sold

Kimberly-Clark's acquisition of Kenvue to create a new consumer health goods giant

(Newser) - Kimberly-Clark, known for household staples like Huggies diapers and Kleenex, has struck a deal to acquire Kenvue, the company behind Tylenol and Listerine, in a transaction valued at over $40 billion. The cash-and-stock agreement prices Kenvue shares at $21.01 each, a significant premium over their Friday close of $14....

Tesla Profits Tank Despite EV Sales Surge, Tax Credit Rush

Company saw record-breaking sales, but earnings fell 37% in Q3, while Musk faces pay battle

(Newser) - Tesla's latest earnings report reveals a complicated picture for the electric vehicle giant: record-breaking vehicle sales, but profits tumbling 37%. The company's third-quarter net income landed at $1.4 billion, down from $2.2 billion, despite a rush of buyers trying to secure expiring US tax credits for...

Elon Musk Makes a $1B Bet on Tesla
Elon Musk Makes
a $1B Bet on Tesla
Sep 15, 2025 10:19 AM CDT

Elon Musk Makes a $1B Bet on Tesla

Shares surge following CEO's largest-ever stock buy

(Newser) - Tesla has gotten a new vote of confidence from its CEO. The company's shares surged Monday after Elon Musk disclosed his largest-ever purchase of Tesla stock, acquiring 2.57 million shares on Friday at a cost of about $1 billion, per CNBC . This marks Musk's first open-market...

Florida May Soon See Biggest Utility Rate Hike Ever in US

Florida Power & Light proposes $10B increase over 4 years, sparking a debate over profits

(Newser) - Florida Power & Light (FPL), the state's largest utility, is seeking approval for a $10 billion hike in electricity rates over the next four years—a move environmental advocates say would mark the largest utility increase ever seen in the US. The proposal, filed in February with state...

One Big Name in Sportswear Is Buying Another

Dick's acquiring Foot Locker for $2.4B, but latter brand will remain intact

(Newser) - It's big news in the world of sports retailers: Dick's Sporting Goods is buying Foot Locker for $2.4 billion, reports the Wall Street Journal . The Foot Locker name isn't going away, however: Dick's plans to keep it and associated brands such as Kids Foot...

Musk Says Shareholders Approved $56B Pay Package
Musk Says Tesla Investors
Approved Pay Package, Move
THE RUNDOWN
Jun 13, 2024 6:01 AM CDT

Musk Says Tesla Investors Approved Pay Package, Move

But vote won't automatically restore $56B package

(Newser) - Elon Musk appears to have scored a big win in the battle over his record-breaking Tesla pay package. In a post on X late Wednesday, the CEO shared a graphic showing that support for the pay package in a shareholder vote had passed the "guaranteed win" mark. "Thanks...

ExxonMobil Sues Own Investors in Warning to Climate Activists

Lawsuit to test SEC rules as investor groups abandon climate proposal

(Newser) - ExxonMobil investors have abandoned calls for the company to act more aggressively to curb emissions from its operations after ExxonMobil sued them in response. In what the Financial Times reports is "likely to have a chilling effect on similar forms of shareholder activism," ExxonMobil took "the unusual...

Nuns' Response to 'Heinous Gun Crimes': a Lawsuit

They're shareholders, and they're suing Smith & Wesson for sales of assault weapons

(Newser) - A group of Catholic nuns is suing Smith & Wesson, demanding the gunmaker stop selling assault weapons that have "no purpose other than mass murder." The nuns representing four congregations in Michigan, Maryland, Pennsylvania, and Oregon bought up shares in the company before suing in what they dub...

Musk: I'll Keep Tesla Stock for 18 Months

Stock's value has plunged since Twitter purchase

(Newser) - CEO Elon Musk says he won't sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk's purchase of Twitter. "I'm not...

Berkshire Invested $51B Last Quarter, Buffett Says


Berkshire
Shareholders
Receive Update
in Person
the rundown
Apr 30, 2022 4:30 PM CDT

Berkshire Shareholders Receive Update in Person

Buffett discusses new investments, inflation

(Newser) - Thousands of Berkshire Hathaway shareholders returned in person Saturday for their annual meeting heard Warren Buffett update them about investments and rail about the widespread harm inflation is doing. The pandemic had prevented the gathering in Omaha for the past two years. After earlier saying that inflation "swindles" equity...

Zoom Hid Security Flaws: Shareholder

Class-action lawsuit also claims unauthorized disclosure of personal info

(Newser) - Shares in videoconferencing app Zoom hit record highs at the end of last month as COVID-19 forced people to work and socialize from home. Then came the drop, coinciding with concerns about " zoombombing " and other security and privacy issues. Another drop in stock price came Tuesday, with shares...

Facebook Makes Move for Zuckerberg's Power If He Leaves

Board wants to curb his voting clout if he departs

(Newser) - It's hard to imagine Facebook without the face of Mark Zuckerberg at its helm, but that's exactly what the site's board of directors is anticipating in its latest proposal to the SEC. Per Reuters , the board submitted a proxy filing Thursday, notifying the federal agency that it...

ExxonMobil CEO: World Needs Our Oil, 'Like It or Not'

Cutting oil production 'not acceptable to humanity': Rex Tillerson

(Newser) - Keep the oil taps flowing for the good of the people, the CEO and chair of ExxonMobil appealed to shareholders at what the Guardian says was a "long and fractious" annual meeting in Dallas on Wednesday. Rex Tillerson told attendees the oil giant had already pumped $7 billion into...

BP CEO Shouldn't Get 20% Raise After $5.2B Loss: Investors

But vote's nonbinding, so looks like Bob Dudley will get his full bonus

(Newser) - Oil giant BP lost $5.2 billion last year, but the company somehow saw fit to propose maximum bonuses for 2015 for its top executives, including a 20% pay increase for CEO Bob Dudley—a proposal that 59% of shareholders roundly rejected by proxy vote at Thursday's annual meeting,...

Daimler Shareholders Brawl—Over Sausages

Daimler investor was trying to hoard links from the buffet to bring home

(Newser) - It was the best of times, it was the wurst of times at Daimler AG's annual shareholder meeting Wednesday in Berlin, where an argument disrupted the get-together, the Guardian reports. "We had to call the police to settle the matter," says Daimler board chair Manfred Bischoff of...

Buffett: Candidates Wrong About the Economy

They're exaggerating how bad it is, he complains

(Newser) - The US economy is in better shape than the presidential candidates make it seem, investor Warren Buffett said Saturday. In his annual letter to Berkshire Hathaway shareholders, Buffett didn't name specific candidates or issues, but noted that the negative drumbeat about the economy, health care reform, and income inequality...

Protesters Shut McDonald's HQ; 138 Arrested

Expect more ruckus at shareholders meeting today

(Newser) - It looks like a win for protesters who took to McDonald's yesterday to demand $15 an hour for fast-food workers—at least, it's a win for those who didn't end up in jail. McDonald's was forced to close a main building at its headquarters in Oakbrook,...

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