The Securities and Exchange Commission (SEC) is investigating whether Boeing gave shareholders sufficient information about problems with its 737 Max aircraft, Bloomberg reported.
The agency is also reportedly examining financial documents from the aerospace manufacturer to determine whether it properly accounted for the potential impact of issues associated with the 737 Max.
The SEC declined to comment. Boeing did not immediately respond to Business Insider's request for comment...
A proposal that would have separated the CEO and board chairman roles at Boeing did not pass at the aerospace manufacturer's annual shareholder meeting on Monday.
Only 34% of voters supported the proposal, the company announced at the meeting, which was held in Chicago.
The proposal argued that an independent chairman would be better suited to helping the board develop long-term strategy while allowing CEO Dennis Muilenburg to focus on immediate concerns...
The Securities and Exchange Commission (SEC) reportedly told a judge in New York City on Thursday that it wants Tesla CEO Elon Musk to face increasing fines if he violates the terms of their 2018 settlement in the future.
It is unclear whether a fine would be the extent of the punishment the agency believes Musk should receive for a February tweet the agency says does not comply with their settlement...
A former Tesla employee has filed a whistleblower tip with the Securities and Exchange Commission (SEC), the law firm representing the employee said in a statement on Monday.
The tip corroborates a prior tip that claimed Tesla did not disclose to shareholders the theft of raw materials and the unauthorized surveillance and hacking of employee devices, Meissner Associates said...
Tesla made a recording of a conference call with reporters available on its website Wednesday after CEO Elon Musk said the automaker's handling of the call "was a mistake."
During the February 28 call, Musk changed a prediction about Tesla's profitability in the first quarter of this year.
Tesla shareholder Galileo Russell tweeted at Musk on Tuesday, saying he was frustrated by Tesla's failure to allow shareholders to listen to the call or read a transcript of it...
A federal grand jury on Thursday charged former Tesla employee Salil Parulekar with embezzling around $9.3 million from the automaker, the Department of Justice said in a press release.
Parulekar, who worked in Tesla's supply management division, allegedly sent money meant for one supplier, Hota Industrial Manufacturing, to another supplier, Schwabische Automotive GmbH (SHW), in 2016 and 2017.
Parulekar was charged with nine counts of wire fraud and one count of aggravated identity theft...
Oracle founder, CTO, and executive chairman Larry Ellison defended Tesla CEO Elon Musk during an analyst meeting on Thursday and said Tesla is his second-biggest investment, Bloomberg reports.
Ellison reportedly criticized media coverage of Musk, who has attracted controversy in recent months.
"He’s landing rockets on robot drone rafts in the ocean," Ellison reportedly said. And you’re saying he doesn’t know what he’s doing. Well, who else is landing rockets?..
As a result of a settlement with the Securities and Exchange Commission (SEC), Tesla CEO Elon Musk will have to step down as the chairman of the automaker's board of directors for three years.
Tesla's board has been criticized for failing to hold Musk accountable for erratic behavior that has at times caused the company's stock price to fall.
The Financial Times reported on Wednesday that current Tesla director James Murdoch is the leading candidate to become the board's next chairman...
The SEC filed a lawsuit against Tesla CEO Elon Musk on Thursday, alleging that Musk made "false and misleading statements" in August about taking the automaker private.
Musk said he was "deeply saddened and disappointed" by the lawsuit, which he called "unjustified," in a company statement to Business Insider.
The former SEC chairman Harvey Pitt told Business Insider in August that Tesla CEO Elon Musk could be banned from serving as an officer or director of a public company after reports that the agency was investigating his comments about taking Tesla private.
But the SEC's lawsuit is not the only potential threat to Musk.
Bloomberg reported earlier this month that the Department of Justice has opened an inquiry into Tesla, which could ultimately result in a prison sentence for Musk...
Tesla CEO Elon Musk defended the company's board of directors on Friday via Twitter.
"The Tesla board has done incredible work overseeing the largest value creation in the auto industry in 100+ years, despite many setbacks. Tesla owes its very existence to this board!" Musk said via Twitter in response to a Forbes article that questioned the board's performance...
Tesla CEO Elon Musk has hired two lawyers, Roel Campos and Steven Farina, as the Securities and Exchange Commission reportedly investigates statements Musk made about converting Tesla into a private company, Fox Business Network reports.
Campos was an SEC commissioner from 2002 until 2007.
Farina and Campos list securities enforcement and securities litigation among their areas of focus...
