How Elon Musk and Tesla Helped Make C.E.O Pay Even Richer

The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.

#amazon-com-inc, #biota-pharmaceuticals-inc, #boards-of-directors, #coty-inc, #electric-and-hybrid-vehicles, #emanuel-ariel-z, #equilar, #executive-compensation, #expedia-inc, #gelsinger-patrick, #initial-public-offerings, #intel-corporation, #musk-elon, #tesla-motors-inc, #wages-and-salaries

What Sheryl Sandberg’s Exit Reveals About Women’s Progress in Tech

Silicon Valley is losing one of its most visible, outspoken and powerful women. Any gains have been incremental at best.

#metoo-movement, #advanced-micro-devices-inc, #all-raise-nonprofit, #alphabet-inc, #amazon-com-inc, #apple-inc, #appointments-and-executive-changes, #autodesk-inc, #bartz-carol-a, #boards-of-directors, #brougher-fancoise, #burns-ursula-m, #california, #carta-inc, #catz-safra, #coinbase-inc, #computers-and-the-internet, #discrimination, #facebook-inc, #fiorina-carleton-s, #friar-sarah, #gadde-vijaya, #google-inc, #herd-whitney-wolfe, #hewlett-packard-enterprise-company, #hiring-and-promotion, #hood-amy, #hyman-jennifer, #instacart, #international-business-machines-corporation, #lake-katrina, #mayer-marissa, #meta-platforms-inc, #microsoft-corp, #nextdoor-com-inc, #olivan-javier, #oracle-corporation, #pao-ellen, #pinterest, #project-include, #realreal-inc, #reddit-inc, #rent-the-runway, #sandberg-sheryl-k, #simo-fidji, #social-media, #space-exploration-technologies-corp, #stitch-fix-inc, #su-lisa-1969, #twitter, #venture-capital, #wainwright-julie, #wojcicki-susan, #women-and-girls, #xerox-corporation, #yahoo-inc, #zuckerberg-mark-e

Sheryl Sandberg Steps Down From Facebook’s Parent Company, Meta

The longtime chief operating officer of Facebook’s parent company, Ms. Sandberg said it was “time for her to write the next chapter of my life.”

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #news-and-news-media, #sandberg-sheryl-k, #social-media, #zuckerberg-mark-e

Even Among Corporate Raiders, Elon Musk Is a Pirate

The world of deal making has always been rough and tumble. But Mr. Musk blows any predecessors away.

#boards-of-directors, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #private-equity, #securities-and-commodities-violations, #social-media, #twitter

BlackRock, Vanguard and State Street Control a Piece of Nearly Everything

BlackRock, Vanguard and State Street collectively manage more than $20 trillion in assets. It’s not a political problem, but it might be an economic one.

#antitrust-laws-and-competition-issues, #blackrock-inc, #boards-of-directors, #bogle-john-c, #global-warming, #personal-finances, #shareholder-rights-and-activism, #standardpoors-500-stock-index, #state-street-corporation, #stocks-and-bonds, #united-states-economy, #vanguard-group-inc, #vivek-ramaswamy

How Twitter’s Board Went From Fighting Elon Musk to Accepting Him

It’s highly unusual to move from a “poison pill” to a $44 billion deal in under two weeks. But Twitter’s board ran out of options.

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #dorsey-jack, #high-net-worth-individuals, #mergers-acquisitions-and-divestitures, #morgan-stanley, #musk-elon, #social-media, #stocks-and-bonds, #taylor-bret, #twitter

Instacart’s Pandemic Boom Is Fading

The grocery delivery start-up changed its leadership, slashed its valuation and shifted its strategy after sales slowed.

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #delivery-services, #doordash-mobile-app, #e-commerce, #instacart, #mehta-apoorva, #sequoia-capital, #simo-fidji, #supermarkets-and-grocery-stores, #uber-technologies-inc

Selling Twitter to Elon Musk Is Good for Investors. What About the Public?

The company’s decision to sell seems to have been based purely on the financials, with little if any regard for other stakeholders.

#boards-of-directors, #freedom-of-speech-and-expression, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Elon Musk Agrees to Buy Twitter

The world’s richest man succeeded in a bid to acquire the influential social networking service, which he has said he wants to take private.

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #freedom-of-speech-and-expression, #mergers-acquisitions-and-divestitures, #musk-elon, #rumors-and-misinformation, #san-francisco-calif, #social-media, #twitter

Twitter’s Board Is Said to Seriously Consider Elon Musk’s Bid

Twitter’s 11-member board met on Sunday morning to discuss Mr. Musk’s offer to buy the company and take it private.

#boards-of-directors, #computers-and-the-internet, #dorsey-jack, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

At Madison’s Montpelier, a Fight Over Power for Slaves’ Descendants

A group has accused the majority-white board that operates the Virginia estate of the nation’s fourth president of thwarting an agreement to share control.

#boards-of-directors, #constitution-us, #historic-buildings-and-sites, #madison-james-1751-1836, #museums, #national-trust-for-historic-preservation, #slavery-historical, #virginia

Twitter Grapples With an Elon Musk Problem

Mr. Musk, Twitter’s biggest shareholder, is free to buy more stock in the company and could use the platform against itself. Some employees are dismayed.

#agrawal-parag, #appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #musk-elon, #shareholder-rights-and-activism, #social-media, #stocks-and-bonds, #twitter

Elon Musk Will Not Join Twitter’s Board, Company Says

The announcement reverses a decision last week, when Twitter said Mr. Musk would become a board member after amassing a 9.2 percent stake in the company.

#agrawal-parag, #boards-of-directors, #computers-and-the-internet, #musk-elon, #social-media, #twitter

How Elon Musk’s ‘Soft Power’ Might Shape Twitter’s Future

Casey Newton and Kara Swisher discuss Twitter’s recent shake-up.

#agrawal-parag, #audio-neutral-informative, #bitcoin-currency, #boards-of-directors, #computers-and-the-internet, #dorsey-jack, #musk-elon, #newton-casey, #social-media, #stocks-and-bonds, #twitter

California Law Requiring Board Diversity Is Struck Down

In a blow to the state’s efforts to deal with disparities in the workplace, a judge found the law unconstitutional. It’s unclear whether the state will appeal the ruling.

#boards-of-directors, #decisions-and-verdicts, #discrimination, #judicial-watch, #newsom-gavin, #race-and-ethnicity, #suits-and-litigation-civil, #workplace-environment

Juilliard’s President Is Challenged but Retains Support of Board

The school’s chairman and biggest benefactor, Bruce Kovner, had wanted its president, Damian Woetzel, to leave after a negative evaluation. He marshaled support and stayed.

#appointments-and-executive-changes, #boards-of-directors, #content-type-personal-profile, #culture-arts, #finances, #juilliard-school, #kovner-bruce, #lincoln-center-for-the-performing-arts, #marsalis-wynton, #music, #philanthropy, #woetzel-damian

Peter Thiel to Exit Meta’s Board to Support Trump-Aligned Candidates

The tech billionaire, who has been on the board of the company formerly known as Facebook since 2005, is backing numerous politicians in the midterm elections.

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #facebook-inc, #meta-platforms-inc, #midterm-elections-2022, #politics-and-government, #social-media, #thiel-peter-a, #united-states-politics-and-government

Who Is on the New Gates Foundation Board?

In the wake of Bill Gates and Melinda French Gates’s divorce, their foundation adds members to its new governing board.

#african-union, #alliance-for-a-green-revolution-in-africa-agra, #boards-of-directors, #bridgespan-group, #buffett-warren-e, #gates-bill, #gates-bill-and-melinda-foundation, #gates-melinda, #high-net-worth-individuals, #london-school-of-economics, #masiyiwa-strive, #philanthropy, #shafik-nemat, #tierney-thomas-j

Corporate Board Diversity Increased in 2021. Some Ask What Took So Long.

Some executives say corporate boards have often overlooked qualified women and nonwhite people. That may be changing.

#appointments-and-executive-changes, #black-people, #boards-of-directors, #corporate-social-responsibility, #corporations, #hispanic-americans, #minorities, #race-and-ethnicity, #women-and-girls

How Bank Regulators Are Trying to Oust a Trump Holdover

Jelena McWilliams, the FDIC’s chairwoman, doesn’t always go along with President Biden’s agenda. Other regulators want to push her out.

#banking-and-financial-institutions, #boards-of-directors, #chopra-rohit, #federal-deposit-insurance-corp, #gruenberg-martin-j, #mcwilliams-jelena, #regulation-and-deregulation-of-industry, #republican-party, #united-states-politics-and-government

Pinterest Pledges $50 Million on Reforms to Resolve Discrimination Allegations

Shareholders had accused Pinterest’s board of directors of failing to respond to a pervasive culture of discrimination and retaliation against women and people of color.

#black-people, #boards-of-directors, #brougher-fancoise, #discrimination, #ozoma-ifeoma, #pensions-and-retirement-plans, #pinterest, #race-and-ethnicity, #social-media, #suits-and-litigation-civil, #wages-and-salaries, #women-and-girls, #workplace-environment

Elizabeth Holmes Points Fingers at Others and Says She Was a Believer

In her most substantial day of testimony, Ms. Holmes, the founder of the failed blood testing start-up Theranos, painted herself as someone whose best intentions were misinterpreted.

#boards-of-directors, #computers-and-the-internet, #drugs-pharmaceuticals, #entrepreneurship, #frauds-and-swindling, #holmes-elizabeth-1984, #san-jose-calif, #start-ups, #tests-medical, #theranos-inc

Biden Nominates Two New U.S.P.S. Board Members

The president moved to replace two members who have been supporters of Postmaster General Louis DeJoy, a step that could portend a shift in leadership at the agency.

#appointments-and-executive-changes, #bloom-ron, #boards-of-directors, #dejoy-louis, #postal-service-us, #postal-service-and-post-offices, #united-states-politics-and-government

Donors Withhold Gifts to Protest Changes at Hamptons Sculpture Garden

Some patrons of the LongHouse Reserve are upset that its veteran director was let go, but the board says it needed new leadership to expand the garden into a museum with a broader mission.

#appointments-and-executive-changes, #art, #barratt-carrie-rebora, #boards-of-directors, #east-hampton-ny, #larsen-jack-lenor, #longhouse-reserve, #museums, #philanthropy, #sculpture, #tomicic-matko

I Was Told I Have Career Advantages ‘as a Black Woman.’ Here’s How I Replied.

At this point in my career, as a senior leader, I welcome it when people engage me on the topic of race in the workplace.

#black-people, #boards-of-directors, #careers-and-professions, #hiring-and-promotion, #minorities, #race-and-ethnicity, #whites, #women-and-girls

Bill Gates Was Warned Over ‘Inappropriate’ Emails at Microsoft

Mr. Gates, who at the time was Microsoft’s chairman, had asked a female employee out on a date, a Microsoft spokesman said.

#boards-of-directors, #computers-and-the-internet, #e-mail, #gates-bill, #microsoft-corp, #wall-street-journal

Tesla to Move Headquarters to Texas from California

Elon Musk announced the move at the company’s annual shareholder meeting, hosted at a factory Tesla is building near Austin.

#automobiles, #boards-of-directors, #discrimination, #electric-and-hybrid-vehicles, #murdoch-james-r, #musk-elon, #musk-kimbal, #shareholder-rights-and-activism, #stocks-and-bonds, #tesla-motors-inc, #workplace-hazards-and-violations

Ozy’s Board Starts Investigation Following Times Report

The New York Times’s media columnist, Ben Smith, reported that Ozy’s chief operating officer had apparently impersonated a YouTube executive during a conference call with Goldman Sachs bankers.

#appointments-and-executive-changes, #boards-of-directors, #federal-bureau-of-investigation, #goldman-sachs-group-inc, #google-inc, #new-york-times, #ozy-media-inc, #rao-samir, #watson-carlos-1969, #youtube-com

James Mattis, Who Sat on Theranos Board, Testifies in Elizabeth Holmes Trial

Mr. Mattis, the former defense secretary, testified that Ms. Holmes had not been forthcoming with the board about her start-up’s problems.

#boards-of-directors, #computers-and-the-internet, #ethics-and-official-misconduct, #frauds-and-swindling, #holmes-elizabeth-1984, #mattis-james-n, #rumors-and-misinformation, #start-ups, #tests-medical, #theranos-inc, #united-states-defense-and-military-forces

The Missing Piece in the Push for Boardroom Diversity

Private companies are lagging behind publicly traded firms, but don’t receive the same scrutiny.

#appointments-and-executive-changes, #black-people, #board-diversity-action-alliance, #boards-of-directors, #burns-ursula-m, #discrimination, #minorities, #private-equity, #race-and-ethnicity, #venture-capital

Schemer or Naïf? The Trial of Elizabeth Holmes

The trial for the founder of Theranos, the once high-flying blood testing start-up, will cap a saga of Silicon Valley hubris, ambition and deception.

#balwani-sunny, #boards-of-directors, #computers-and-the-internet, #entrepreneurship, #ethics-and-official-misconduct, #holmes-elizabeth-1984, #legal-profession, #medical-devices, #securities-and-commodities-violations, #start-ups, #tests-medical, #theranos-inc

Few Women Ascend Japan’s Corporate Ladder. Is Change Finally Coming?

Only 6 percent of board seats at Japanese companies are held by women. After years of unkept promises, these businesses are now facing pressure both at home and abroad to diversify.

#boards-of-directors, #corporations, #japan, #women-and-girls

Ousting Toshiba Chairman, Foreign Investors Score Breakthrough in Japan

While Japan’s corporations have long resisted the entreaties of activist shareholders, Toshiba had come under intense pressure after a series of scandals.

#boards-of-directors, #japan, #shareholder-rights-and-activism, #toshiba-corporation

The Little Hedge Fund Taking Down Big Oil

An activist investment firm won a shocking victory at Exxon Mobil. But can new directors really put the oil giant on a cleaner path?

#2021-climate-issue, #alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #content-type-personal-profile, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #hydrocarbons, #james-chris-hedge-fund-manager, #oil-petroleum-and-gasoline, #penner-charlie-1972, #shareholder-rights-and-activism

German Parliament Backs ‘Milestone’ Gender Quota for Company Boards

The legislation requires many public companies in Germany to have at least one woman on the supervisory board.

#boards-of-directors, #germany, #legislatures-and-parliaments, #regulation-and-deregulation-of-industry, #women-and-girls

Exxon Mobil Defeated by Activist Investor Engine No. 1

The energy giant’s stunning loss was the work of a tiny hedge fund that believes investing for social good is also good for the bottom line.

#blackrock-inc, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #state-street-corporation, #vanguard-group-inc

Surprise: Women and Minorities Are Still Underrepresented in Corporate Boardrooms

The latest version of a multiyear analysis of Fortune 100 and 500 companies found that white women made some gains but that true representation is decades away.

#alliance-for-board-diversity, #boards-of-directors, #fortune-magazine, #goldman-sachs-group-inc, #minorities, #women-and-girls

Exxon Board to Get a Third Activist Pushing Cleaner Energy

The new board member is likely to join two other candidates put forward by an activist investor who were declared winners last week.

#alternative-and-renewable-energy, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism

How Exxon Lost a Board Battle With a Small Hedge Fund

The oil giant’s unexpected boardroom defeat by an activist investor hinged on a few key moments.

#boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #stocks-and-bonds, #woods-darren-w-1965

Activists Crashed Exxon’s Board, but Forcing Change Will Be Hard

The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.

#alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #executives-and-management-theory, #exxon-mobil-corp, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

A Glimpse of a Future With True Shareholder Democracy

Big stock funds own increasingly large chunks of publicly traded companies, leaving fund shareholders without a vote on corporate governance. But there’s a better way.

#as-you-sow, #boards-of-directors, #coates-john-c-iv, #conflicts-of-interest, #gensler-gary-s, #mutual-funds, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #shareholder-rights-and-activism

Santa Clara U. President Resigns After Inappropriate Behavior, Officials Say

The Rev. Kevin O’Brien had delivered the homily at a Mass for the inauguration of President Biden in January.

#appointments-and-executive-changes, #biden-joseph-r-jr, #boards-of-directors, #santa-clara-university

N.C.A.A. Extends Emmert’s Deal, Surprising Athletic Leaders

Mark Emmert’s extension stunned conference commissioners and university athletic directors and reflected some stubbornness as the N.C.A.A. faces legacy-shaping reckonings.

#boards-of-directors, #college-athletics, #colleges-and-universities, #emmert-mark, #national-collegiate-athletic-assn

N.R.A. Chief Takes the Stand, With Cracks in His Armor

Wayne LaPierre has led the National Rifle Association for 30 years, but his implacable image looked threadbare in bankruptcy court.

#bankruptcies, #boards-of-directors, #firearms, #gun-control, #lapierre-wayne, #lobbying-and-lobbyists, #national-rifle-assn

ERCOT Managers Resign After Widespread Storm Outages

The chairwoman and three other board members of the Electric Reliability Council of Texas stepped down after millions were left without electricity during freezing temperatures.

#appointments-and-executive-changes, #boards-of-directors, #electric-light-and-power, #electric-reliability-council-of-texas, #power-failures-and-blackouts, #texas

Companies Say They Care About the Climate. Their Actions Fall Short.

Many big businesses have not set targets for reducing greenhouse gas emissions. Others have weak goals.

#alternative-and-renewable-energy, #blackrock-inc, #boards-of-directors, #brazil, #carbon-dioxide, #carbon-disclosure-project-cdp, #cargill-inc, #corporations, #electric-light-and-power, #fuel-emissions-transportation, #global-warming, #google-inc, #greenhouse-gas-emissions, #institutional-shareholder-services-inc, #levi-straussco, #microsoft-corp, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states

Charles Venable Resigns as Head of Indianapolis Museum of Art

His departure comes in the wake of a job posting, since corrected, that described the museum’s core audience as “white,” and amid criticism from a trustee, some staff and local artists.

#appointments-and-executive-changes, #art, #black-people, #boards-of-directors, #discrimination, #indianapolis-ind, #indianapolis-museum-of-art, #museums, #newfields, #race-and-ethnicity, #venable-charles-l

A Hidden Obstacle to Boardroom Diversity

Some companies are reluctant to let lower-level managers become outside directors, adding a systemic impediment to the push.

#appointments-and-executive-changes, #benioff-marc, #boards-of-directors, #christoff-niki, #discrimination, #minorities, #salesforce-com-inc, #women-and-girls

How GameStop’s Reddit-Fueled Rise May End

Let’s have an honest conversation about GameStop.

#boards-of-directors, #california-state-teachersretirement-system-calstrs, #corporate-social-responsibility, #d-e-shawco, #exxon-mobil-corp, #gamestop-corporation, #oil-petroleum-and-gasoline, #reddit-inc

San Francisco’s Top Art School Says Future Hinges on a Diego Rivera Mural

The University of California is aiding the San Francisco Art Institute, but S.F.A.I. officials say selling a $50 million Rivera could save the school. Former students are outraged.

#art, #boards-of-directors, #budgets-and-budgeting, #colleges-and-universities, #finances, #levy-pam-rorke, #murals, #quarantine-life-and-culture, #rivera-diego, #san-francisco-calif, #san-francisco-art-institute, #university-of-california