1. Articles from g_rapier

    1-17 of 17
    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...

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      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...

      Read Full Article
    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. 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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    14. MoviePass Shareholders Approve 2 Measures to Keep the Company From Being Kicked off its Stock Exchange

      MoviePass Shareholders Approve 2 Measures to Keep the Company From Being Kicked off its Stock Exchange
      • Helios & Matheson investors — which own 92% of MoviePass — approved two measures designed to help the company avoid delisting on Monday.
      • Shareholders approved the possibility of issuing 4.5 billion new shares, as well as a possible reverse stock split.
      • The stock has fallen dramatically in the past year, and now trades 99% off its high record high near $40...
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      Mentions: Investors Nasdaq AMP
    15. The Owner of MoviePass Plunges After Proposing a Reverse-Stock Split to Avoid Being Kicked Out Of The Nasdaq

      The Owner of MoviePass Plunges After Proposing a Reverse-Stock Split to Avoid Being Kicked Out Of The Nasdaq
      • MoviePass owner Helios & Matheson plunged to a new low after proposing a reverse-stock split.
      • The move could help the company maintain Nasdaq's minimum $1 share price and avoid delisting.
      • "The failure of stockholders to approve this Proposal 3 could have serious adverse effects on the Company and its stockholders," the company said in a regulatory filing...
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    16. Apple could give Shareholders a Huge Dividend if Tax Reform Actually Happens

      Apple could give Shareholders a Huge Dividend if Tax Reform Actually Happens
      • As of the end of September, Apple had $268.9 billion of cash and investments on its balance sheet. Of that, $252.3 billion was held overseas for tax purposes
      • A major component of the Republican tax plan seeks to entice companies to move that cash back to the US with a one-time, special repatriation rule.
      • After paying off debts, Apple could pay a $15-$20 special dividend to get its excess cash into shareholders' hands in a speedy manner...
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    1-17 of 17
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    Apple could give Shareholders a Huge Dividend if Tax Reform Actually Happens The Owner of MoviePass Plunges After Proposing a Reverse-Stock Split to Avoid Being Kicked Out Of The Nasdaq MoviePass Shareholders Approve 2 Measures to Keep the Company From Being Kicked off its Stock Exchange Meet the 3 Tesla Board Members Set to Decide on Elon Musk's Go-Private Plan A $774 Billion Investment Giant is Ramping Up Calls for a Tesla Board Shakeup — One That Goes far Beyond What the SEC Wants Uber's Board Reportedly Held a 'Marathon Meeting' as it Grapples With its Ties to Saudi Arabia Breaking News:  Tesla Names Oracle Founder Larry Ellison to Board as Part of SEC Settlement '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 Boeing's CEO Should be Removed as Chairman of the Company's Board Amid its 737 Max Crisis, a Major Shareholder Advisor Says Elon Musk Deletes Tweet Attacking Tesla Co-Founder Martin Eberhard Board Diversity Study Amazon's Infamous 1997 Letter to Shareholders was Reportedly Co-Written by the Company's First CFO, Joy Covey