1. Articles from Graham Rapier

    1-26 of 26
    1. WeWork's Founder and CEO Didn't Take a Salary Last Year as the Company Prepared for its Massive IPO

      WeWork's Founder and CEO Didn't Take a Salary Last Year as the Company Prepared for its Massive IPO
      • WeWork's CEO was paid nothing in 2018, the company said in its initial public offering filing on Wednesday.
      • Adam Neumann is worth an estimated $4.1 billion after founding the company a decade ago.
      • WeWork, the $47 billion co-working company, is going public. Here's everything we know about what's going on.
      Adam Neumann, the billionaire Israeli businessman and founder of WeWork, didn't take a salary in 2018, the company said Wednesday...
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    2. Uber Just Lost 2 Board Members, Including Ariana Huffington, an Ally of Ousted Founder Travis Kalanick

      Uber Just Lost 2 Board Members, Including Ariana Huffington, an Ally of Ousted Founder Travis Kalanick
      • Ariana Huffington and Matt Cohler have resigned from Uber's board of directors, the company said Wednesday.
      • Huffington joined the board in 2016 at the request of the ousted founder Travis Kalanick.
      • Their departures were not acrimonious, the company said.
      • Visit Business Insider's homepage for more stories.

      Ariana Huffington and Matt Cohler are leaving Uber's board of directors effective immediately, the company said Wednesday...

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    3. Elon Musk Deletes Tweet Attacking Tesla Co-Founder Martin Eberhard

      Elon Musk Deletes Tweet Attacking Tesla Co-Founder Martin Eberhard
      • Tesla CEO Elon Musk had harsh criticism of ousted Tesla co-founder Martin Eberhard over the weekend.
      • In a now-deleted tweet, Musk said "Tesla is alive in spite of Eberhard, but he seeks credit constantly & fools give it him."
      • The billionaire also tweeted that he had deleted his Twitter account (which was not true as of Monday morning), and received criticism for comments about the necessity of crediting artists for their work...
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      Mentions: Twitter Tesla lawsuit
    4. Amazon Air Pilots are Picketing the Company's Annual Shareholder Meeting as They Fight For Better Pay

      Amazon Air Pilots are Picketing the Company's Annual Shareholder Meeting as They Fight For Better Pay
      • Pilots for three airlines that operate much of Amazon's Air delivery service are set to picket Amazon's annual meeting on Wednesday.
      • The group says the companies have purposefully stalled negotiating a new contract for more than three years.
      • Pilots who spoke to Business Insider said their worried another accident — like that involving an Atlas Air jet in February — could happen again soon as crews are stretched thin...
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    5. Boeing's CEO Should be Removed as Chairman of the Company's Board Amid its 737 Max Crisis, a Major Shareholder Advisor Says

      Boeing's CEO Should be Removed as Chairman of the Company's Board Amid its 737 Max Crisis, a Major Shareholder Advisor Says
      • A major proxy advisor is urging Boeing investors to require an independent board chairman at the company's annual meeting on April 29.
      • Boeing CEO Dennis Muilenburg currently serves as an independent director of the company's board.
      • ISS says the board needs an independent chairman if it wants to weather the crisis that has seen the 737 Max, its best-selling plane, grounded worldwide for more than a month...
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    6. 'I Will Nuke You': Elon Musk Was Accused of Shoving and Threatening a Former Tesla Employee — But the Company's Board Says There Was No Physical Altercation

      'I Will Nuke You': Elon Musk Was Accused of Shoving and Threatening a Former Tesla Employee — But the Company's Board Says There Was No Physical Altercation
      • Tesla's board of directors investigated an incident between CEO Elon Musk and a former employee, the company confirmed Friday.
      • Bloomberg News first reported on the altercation, citing sources that said the incident involved physical contact.
      • Musk has been known for a temperamental management style, as documented by many past reports...
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    7. Judge Orders Elon Musk to Meet With The SEC 'for at Least One Hour'

      Judge Orders Elon Musk to Meet With The SEC 'for at Least One Hour'
      • Tesla CEO Elon Musk will meet with SEC officials for at least one hour within the next two weeks, a judge ordered Friday.
      • The instructions come the morning after Musk's lawyers sparred with government prosecutors in court.
      • Here's what happened inside the courtroom on Thursday.
      • Visit Business Insider's homepage for more stories.

      Tesla CEO Elon Musk will be forced to meet with federal regulators to decide what he can and cannot tweet, a judge has ruled...

      Read Full Article
      Mentions: SEC Tesla Elon Musk
    8. Lyft’s Founders Are Set to Make More than $1 Billion in the Company’s IPO

      Lyft’s Founders Are Set to Make More than $1 Billion in the Company’s IPO
      • Lyft's IPO is set to make many of its original investors very rich.
      • Executives' Logan Green and John Zimmer, who hold an outsize stake in the company they founded, could hold a combined stake of more than $1 billion at the IPO's expected prices.

      The long-awaited day is finally here: Lyft is going public.

      The ride-hailing company is set to begin trading on the Nasdaq stock exchange Friday with an initial price of $72 per share, or a total valuation of about $21 billion...

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      Mentions: Investors IPO Nasdaq
    9. Tesla is Buying the Battery-Maker Maxwell Technologies

      Tesla is Buying the Battery-Maker Maxwell Technologies
      • Tesla announced Monday that it plans to buy the battery maker Maxwell Technologies.
      • Maxwell, based in San Diego, makes battery components including ultracapacitors and dry electrodes.
      • Battery technology is key for Tesla as it ramps up production and expands its manufacturing presence into China.

      Tesla is buying Maxwell Technologies in a deal that values the battery-maker at $218 million, the two companies announced Monday...

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    10. Uber's Board Reportedly Held a 'Marathon Meeting' as it Grapples With its Ties to Saudi Arabia

      Uber's Board Reportedly Held a 'Marathon Meeting' as it Grapples With its Ties to Saudi Arabia
      • Uber's board held a "marathon meeting" last week, Bloomberg reported, as the company grapples with its ties to Saudi Arabia in the wake of Washington Post journalist Jamal Khashoggi's murder.
      • The Kingdom now reportedly owns more than 10% of the ride-hailing firm, which is eyeing an IPO as valuable as $120 billion next year...
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      Mentions: Investment IPO Uber
    11. A $774 Billion Investment Giant is Ramping Up Calls for a Tesla Board Shakeup — One That Goes far Beyond What the SEC Wants

      A $774 Billion Investment Giant is Ramping Up Calls for a Tesla Board Shakeup — One That Goes far Beyond What the SEC Wants
      • Tesla has until the end of November to add two independent directors to its board, as per a $40 million settlement with the Securities and Exchange Commission.
      • CtW Investments and elected officials from three states are urging the company to go above and beyond the legal requirements in order to protect investors.
      • Five of Tesla's eight directors currently have close ties to CEO Elon Musk, the letter says, despite meeting the legal requirements for independence...
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    12. Tesla Says Elon Musk Plans to Buy $20 Million Worth of Stock as Soon as Possible

      Tesla Says Elon Musk Plans to Buy $20 Million Worth of Stock as Soon as Possible
      • Elon Musk plans to buy $20 million of Tesla stock, the company said in a filing Wednesday.
      • The plans were announced the day after a judge approved Tesla and Musk's settlement with the US' top stock regulator.

      Tesla CEO Elon Musk plans to buy $20 million worth of the company’s stock on the open market "during the next open trading window," the company said in a regulatory filing Wednesday...

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    13. 'Was he high?': Elon Musk is back to Complaining About Short Sellers on Twitter, But His Gripes Don't Hold Water With Some Investors

      'Was he high?': Elon Musk is back to Complaining About Short Sellers on Twitter, But His Gripes Don't Hold Water With Some Investors
      • Last week, Tesla CEO Elon Musk reached a settlement with the Securities and Exchange Commission agreed with the companies board of directors to be more constrained in his use of Twitter.
      • On Friday, however, Musk was back to complaining about investors who bet against Tesla shares, saying they diminish the stock's true returns.
      • "When CEOs criticize short selling, its usually because they're looking to deflect blame for their own failing," one prominent short seller told Business Insider...
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    14. The SEC Wants to Make it Easier for Small-Time Investors to get in on Companies like Uber or SpaceX

      The SEC Wants to Make it Easier for Small-Time Investors to get in on Companies like Uber or SpaceX
      • The US Securities and Exchange Commission is mulling options to let retail investors in on private-company fundraising, the agency's chief told the Wall Street Journal.
      • Main Street investors are largely excluded from private fundraising for companies like SpaceX, Uber, and Airbnb because of regulations...
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      Mentions: Investors SEC Uber
    15. Meet the 3 Tesla Board Members Set to Decide on Elon Musk's Go-Private Plan

      Meet the 3 Tesla Board Members Set to Decide on Elon Musk's Go-Private Plan
      • Tesla's board of directors has formed a special committee to examine CEO Elon Musk's preference to take the company private, according to a statement on the electric-car maker's website.
      • Three independent board members — Brad Buss, Robyn Denholm, and Linda Johnson Rice — will sit on the special committee.
      • While Musk has not yet presented a formal proposal to take Tesla private, he will need the committee's approval before such a move can occur...
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    16. Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet

      Tesla Surges After Elon Musk offers Details About his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with "no question that a deal with the Saudi sovereign fund could be closed."
      • The blog post offers new details into Tesla's plan to go private at $420 per share, which the billionaire announced last week, saying funding had been secured.
      • Shares initially surged to an all-time high, before wiping out all their gains as lawyers said the tweet may have broken securities laws and reports of the SEC investigating...
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      Mentions: Investment SEC Tesla
    17. Bill Ackman's Hedge Fund Has Reportedly Amassed a $1 Billion Stake in Lowe's

      Bill Ackman's Hedge Fund Has Reportedly Amassed a $1 Billion Stake in Lowe's
      • Bill Ackman's Pershing Square Capital has reportedly amassed a $1 billion stake in Lowe's.
      • News of the investment comes one day after Lowe's tapped Home Depot veteran Marvin Ellison to lead the chain.
      • Lowe's reported first quarter earnings on Wednesday that missed Wall Street expectations for profit, revenue, and comparable sales.
      • Follow Lowe's stock price in real-time here.

      Add billionaire investor Bill Ackman to those who welcome the hiring of Lowe's new CEO...

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    18. JC Penney Tumbles as its CEO heads to Lowe’s

      JC Penney Tumbles as its CEO heads to Lowe’s
      • JC Penney chief executive Marvin Ellison will be the new CEO of Lowe's.
      • Shares of the embattled chain sank as much as 8%.
      • Follow JCP stock in real-time here.

      Shares of JC Penney fell as much as 8% in early trading Tuesday after it was announced that CEO and chairman Marvin Ellison resigned and is headed to Lowe’s home improvement chain...

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      Mentions: Bloomberg Lowe's CEO
    19. AthenaHealth Soars After Elliott Management Makes $6.9 Billion Buyout Offer

      AthenaHealth Soars After Elliott Management Makes $6.9 Billion Buyout Offer
      • Elliott Management has made a $160-per-share cash offer for AthenaHealth, the hedge fund confirmed Monday.
      • Shares of Athena spiked more than 25% on the news.
      • Follow the stock in real-time here.

      Shares of AthenaHealth spiked nearly 25% Monday morning after Paul Singer's Elliott Management hedge fund made a cash offer of $160 per share — worth $6.9 billion — for the embattled healthcare IT company...

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    20. Warren Buffett's Berkshire Hathaway Dumps its Entire IBM Stake

      Warren Buffett's Berkshire Hathaway Dumps its Entire IBM Stake
      • Berkshire Hathaway has liquidated its entire stake in IBM, Warren Buffett said Friday.
      • IBM sank about 1% on the news.
      • Follow IBM’s stock price in real-time here.

      Warren Buffett’s Berkshire Hathaway has sold its entire stake in IBM, the billionaire investor said Friday in an interview with CNBC.

      "I think we have zero," Buffett said when asked if Berkshire owns any IBM shares. IBM's stock price fell about 1% after the news...

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    21. Riot Blockchain Plummets after CNBC Investigation Finds No Evidence of an Advertised Shareholders Meeting

      Riot Blockchain Plummets after CNBC Investigation Finds No Evidence of an Advertised Shareholders Meeting
      • In an interview with Business Insider, CEO John O'Rourke called the report "one-sided" and a "hit piece" that has "wiped out significant shareholder value."
      • Riot Blockchain fell 19% Friday after CNBC reported its annual shareholders meeting was never even booked...
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    22. Xerox is Sliding After Being Sued by One of its Largest Shareholders (XRX)

      Xerox is Sliding After Being Sued by One of its Largest Shareholders (XRX)
      • Billionaire investor Darwin Deason has sued Xerox to block its proposed merger with Fujifilm.
      • Shares of Xerox sank more than 3% on the news; Fujifilm was also down.

      Shares of Xerox plunged as much as 3.35% Tuesday morning after one of its largest shareholders, billionaire Darwin Deason, filed a lawsuit against the company to block its proposed merger with Japan's Fujifilm...

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    23. The Company Behind Burger King Wants to Take Over Fast Food — and That Could Mean Buying Papa John's

      The Company Behind Burger King Wants to Take Over Fast Food — and That Could Mean Buying Papa John's
      • Restaurant Brands International, the company behind Burger King and Tim Horton's,  recently snapped up popular fast food chain including Popeye's.
      • Credit Suisse says investors want more, and predicts Papa John's, Wingstop, or Yum Brands could be next.

      After snapping up Popeye’s for $1.8 billion earlier this year, investors in Restaurant Brands International, the company behind Burger King and Tim Horton’s, are hungry for more...

      Read Full Article
    1-26 of 26
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    A Former Assistant to Investing Legend John Bogle was Named the Next CEO of a $4.4 Trillion Fund giant The Company Behind Burger King Wants to Take Over Fast Food — and That Could Mean Buying Papa John's Xerox is Sliding After Being Sued by One of its Largest Shareholders (XRX) Riot Blockchain Plummets after CNBC Investigation Finds No Evidence of an Advertised Shareholders Meeting Warren Buffett's Berkshire Hathaway Dumps its Entire IBM Stake AthenaHealth Soars After Elliott Management Makes $6.9 Billion Buyout Offer JC Penney Tumbles as its CEO heads to Lowe’s Bill Ackman's Hedge Fund Has Reportedly Amassed a $1 Billion Stake in Lowe's Meet the 3 Tesla Board Members Set to Decide on Elon Musk's Go-Private Plan 'Was he high?': Elon Musk is back to Complaining About Short Sellers on Twitter, But His Gripes Don't Hold Water With Some Investors Board Diversity Study Amazon's Infamous 1997 Letter to Shareholders was Reportedly Co-Written by the Company's First CFO, Joy Covey