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Elon Musk got 72% in Tesla shareholder vote on pay

19Jun

By Kathy D. HawkinsNo Comments

Technology

Elon Musk got 72% in Tesla shareholder vote on pay

Related media - Recent news With the pay package, Musk would own 20.5% of Tesla, up from about 13%. He has said he would like a 25% stake, stressing in January that it would be "quite influential, but not so much that it can't be overthrown." If he didn't get such a large stake, he said, "he would rather build products outside of Tesla." Even after this week's rally, Tesla shares are down more than 20% this year, compared with a 14% gain in the broader stock market. The company remains by far the most valuable auto company, with a stock market value of $600 billion, but fears of tougher competition and declining demand for its models have weighed on the stock. At Thursday's shareholder meeting, Musk was characteristically optimistic about Tesla's self-driving technology, including...

Thai legislature passes same-sex marriage law

18Jun

By Kathy D. HawkinsNo Comments

World

Thai legislature passes same-sex marriage law

Related media - News 24 hours Thai lawmakers voted to pass a marriage equality bill on Tuesday, a move that puts the country on track to become the first in Southeast Asia to legalize same-sex marriage. Thailand's Senate passed the bill on Tuesday afternoon, nearly three months after it passed the House of Representatives. The legislation would come into force after being considered by a Senate committee and the Constitutional Court and receiving royal assent from the king, a formality widely expected to be granted. The bill's passage highlights Thailand's status as a relative haven for gay couples in Asia. Only Taiwan and Nepal have legalized same-sex marriage. Last year, just as India neared the finish line, the Supreme Court sent the decision back to Parliament. In some Asian c...

William H. Donaldson, the Lion of Wall Street who led the SEC, dies at 93

18Jun

By Kathy D. HawkinsNo Comments

Business

William H. Donaldson, the Lion of Wall Street who led the SEC, dies at 93

Related media - News 24 hours William H. Donaldson, who made an early fortune as co-founder of the innovative securities firm Donaldson, Lufkin & Jenrette and later pushed for tougher financial regulation as chairman of the Securities and Exchange Commission in the wake of the Enron and WorldCom accounting scandals , died Wednesday at his home in Westchester County, New York, at the age of 93. The cause was leukemia, his son Adam said. Mr. Donaldson also briefly served as undersecretary of state under Henry A. Kissinger, ran the New York Stock Exchange and was chief executive of the insurance company Aetna Inc. In 1975, he was named the founding dean of Yale University's School of Organization and Management, now known as the School of Management, whose mission to train leaders for ...

Live updates: Israeli attack kills dozens of people in the former school where civilians had taken refuge

18Jun

By Kathy D. HawkinsNo Comments

Live updates: Israeli attack kills dozens of people in the former school where civilians had taken refuge

More news - Latest news Israeli Prime Minister Benjamin Netanyahu threatened further military action against Hezbollah in Lebanon on Wednesday, amid growing talk of another full-scale war, even as Israel battles Hamas in the Gaza Strip.Two days after Hezbollah militants fired a barrage of rockets and explosive drones from Lebanon into northern Israel, setting off several fires, Netanyahu visited soldiers and firefighters in the area and said the Israeli army was ready to strike . “Whoever thinks they can harm us and that we will respond by sitting on our hands is making a big mistake,” he said, according to the Israeli government. “We are prepared for very intense action in the north. One way or another we will restore security in the north." Other Israeli officials have threatened ...

17Jun

By Kathy D. HawkinsNo Comments

World

BTS’s Jin completes military service

Related media - Latest news K-pop juggernaut BTS is one step closer to a reunion. The first member of the boy band to enlist in South Korea's army, Jin, 31, was discharged Wednesday morning, BTS' label said. Over the next year, his bandmates are expected to complete their military service, which is required of nearly all South Korean men. BTS shocked their own army – as the seven-member group's fervent following is collectively known – in June 2022 when they said they would take time off to enlist. Jin, the group's oldest member, whose birth name is Kim Seok-jin, began his 18-month stint in the army that December. His enlistment came after a long public debate over whether BTS should get an exemption from the draft, as Olympic medalists and some classical musicians do. However, th...