Tesla names Elon Musk’s replacement as chairman

Tesla has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman. The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who worry that his erratic behavior is undermining […]

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Why Won’t Elon Musk Tell Us the Truth?

Elon Musk, the founder and CEO of Tesla Inc. (NASDAQ: TSLA), skirts the truth from time to time. The actions have frustrated investors, employees and perhaps suppliers. They may be attached to whether Tesla is a going concern, at least financially. The latest information about Tesla that Musk has avoided addressing is whether he can pay suppliers. The Wall Street […]

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6 Most Important Things in Business Today

People are no longer going from one city to another to get new work. According to The Wall Street Journal: Fewer U.S. workers are moving around the country to seek new job opportunities, as changing family ties and more openings near home make people less willing to uproot their lives for work. About 3.5 million people relocated for a new […]

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Tesla Forms Three-Member Panel to Decide on Any Musk Proposal

Tesla Inc’s board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company’s chief executive, Elon Musk. The Silicon Valley billionaire last week said on Twitter he wants to take Tesla private at $420 a share, valuing it at […]

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Opinion: Guest View: ESG Ratings Aren’t Reliable Enough

Socially responsible investing has become a $20 trillion-plus industry. From universities to municipalities, sovereign wealth funds to pension funds, and Generation X to millennials, investors and shareholders alike are flocking to stocks with high environmental, social and governance (ESG) scores. Monthly investment flows into sustainable funds averaged $924 million over the first five months of the year, nearly twice the […]

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Corporate Boards Are No Longer Afraid to Say a CEO Was Fired

If recent history is any guide, Leslie Moonves won’t have to wait long to know if he still has a future at CBS Corp. Boards are acting more quickly than ever to fire executives accused of misconduct, and they’re more likely to be clear about the reasons, according to two new studies. CBS’s board was meeting Monday, and thus far […]

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With CBS CEO Moonves on the Ropes, Viacom Merger More Likely

Widely admired CBS Corp. (NYSE: CBS) CEO Les Moonves has a big problem. The New Yorker ran an article that charged that he sexually harassed six women. The typical pattern for charges like this is that the company board hires outside counsel and the results are announced to the public once the process is complete. Moonves is not only the […]

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Fiat Chrysler’s Former CEO, Sergio Marchionne, Has Died

Sergio Marchionne, who became the CEO of Fiat in 2004 and then engineered the takeover of Chrysler from the U.S. government in 2009, died Wednesday morning in Milan. He was 66 years old. As head of Fiat Chrysler Automobiles N.V. (NYSE: FCAU), Marchionne welded together two companies that were, each in its own way, failing. Fiat, controlled by the Agnelli […]

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6 Most Important Things in Business Today

The CEO of Texas Instruments Inc. (NYSE: TXN) has resigned because of personal conduct issues. According to Reuters: Texas Instruments Inc said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker’s code on personal behavior. Boeing Co. (NYSE: BA) […]

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