• Tesla on Friday announced four members of its board of directors will leave their posts once their terms have ended.
• Brad Buss and Linda Johnson Rice will not pursue reelection to the board at Tesla's stockholders' meeting in June. And in 2020, Steve Jurvetson's tenure will officially end. Jurvetson has been on leave following accusations of sexual misconduct at his venture-capital firm Draper, Fisher, Jurvetson in 2017...

• Jamie Dimon is the chairman and CEO of  JPMorgan Chase & Co.
• In this op-ed, he writes that corporate boardrooms should be concerned about the grave challenges facing our communities, like growing inequality, the opioid crisis, and rising suicide rates.
• Long-term business success depends on community success — and making this happen requires business leaders to buck short-termism that too often drives the markets...

• Shares of the US telecom provider Sprint are tumbling in premarket trading after a Wall Street Journal report indicated the company's planned merger with T-Mobile was unlikely in its current form.
• The Department of Justice's (DOJ) antitrust division has concerns with the deal's current structure and the potential threat it would cause to competition.
• T-Mobile and Sprint are the the third and fourth largest carriers by subscribers....

• 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...

Facebook’s activist shareholders are making another attempt to fire Mark Zuckerberg as chairman and rip up the company’s share structure. They will vote on two proposals to overhaul Facebook’s governance at the social network’s annual shareholder meeting on May 30. Some investors are unhappy about the tsunami of scandals that have engulfed Facebook and believe that Zuckerberg has too much power. Their chances of success are extremely slim, however...

• There are significant changes afoot on Facebook's board.
• The company is nominating PayPal exec Peggy Alford for election to the board, and she will be the first African-American woman to serve as a director at Facebook.
• Netflix CEO Reed Hastings and former White House official Erskine Bowles are leaving...

• Anadarko Petroleum is being bought by Chevron Corporation in a $33 billion megadeal, sending Anadarko's shares up by 30%.
• Chevron, the world's third-largest energy company expects the deal to enhance its shale, deepwater, and natural gas operations.
• Chevron expects to realize $2 billion in synergies from the deal, but take on $15 billion in debt.
• It plans to divest between $15 billion and $20 billion of assets between 2020 and 2022, allowing it to slash debt and return cash to shareholders...

• Amazon CEO Jeff Bezos published his annual letter to shareholders on Thursday.
• In the letter, Bezos compared the growth in merchandise sales of third-party sellers on Amazon since 1999 with the growth of third-party sales on eBay during the same time period, which shows Amazon beating out its rival.
• Bezos also wrote that compared to Amazon's sales of its own merchandise, "third-party sellers are kicking out first party butt. Badly."...

• Boeing's problems continue to mount after shareholders launched a legal challenge, claiming they were defrauded over the 737 Max's safety deficiencies.
• The lawsuit alleges securities fraud violations after the company's stock plummeted $34 billion since a fatal crash in Ethiopia last month, the second of two.
• Boeing "effectively put profitability and growth ahead of airplane safety and honesty," according to the filing at a Chicago federal court, as reported by Reuters...

• Embattled former Nissan-Renault-Mitsubishi executive Carlos Ghosn has released a video Tuesday citing "dirty games" played by Nissan executives after he was recently re-arrested.
• The former CEO was expected to give a press conference on April 11 but the automotive executive was arrested for the fourth time since November last week instead.
• Ghosn posted one of the largest bail figures ever in Japan last month as his ordeal against the country's authorities continues...

• 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...

• 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...

• 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...

• Jeff Bezos will retain voting control over the Amazon shares he and Mackenzie Bezos hold following their divorce.
• Mackenzie will get 25% of their combined shares as part of the settlement.
• The agreement clears up some outstanding investor worries.
• But one big question remains: What does Mackenzie plan to do with her shares.

Jeff Bezos isn't going to have to worry about having his ex-spouse challenge how he runs Amazon...

• Kellogg agreed to sell its Keebler and Famous Amos brands, as well as its fruit snacks business, to Ferrero for $1.3 billion.
• The deal is expected to close by the end of July, the companies said in a statement on Monday.
• Watch Kellogg trade live.

Kellogg agreed on Monday to sell a collection of businesses to Italian chocolate maker Ferrero for $1.3 billion, according to a statement from the company...

• 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...

Bed Bath & Beyond reportedly laid off 150 workers this week. Sources familiar with the matter told CNBC that around 50 workers in its field support team lost their jobs, as well as around 100 department and store managers from its bargain Christmas Tree Shops...

• Centene, the health insurer, is buying smaller rival WellCare in a deal valued at $17.3 billion.
• The two companies on Wednesday said the deal — a cash and stock transaction for $305.39 per share — had been "unanimously" approved by both companies' boards...

• Financial firms like JPMorgan Chase, Aflac, KKR, Blackstone, and Och-Ziff Capital all added #MeToo language to their most recent annual reports, warning investors about potential company harm from harassment.
• Before 2018, the word "sexual" had only been mentioned once in the risk section a publicly traded financial company's annual report. So far in 2019, it has been in nine different financial companies' public filings...

• Pinterest's S-1, publicly filed on Friday, revealed a unique share structure.
• The company has dual-class shares, which give some shareholders, like founding CEO Ben Silbermann, greater voting powers than other investors.
• But the structure also gives Silbermann's estate the ability to retain its extra voting superpowers for between 90 days and 540 days after his death.

Silicon Valley's power players are already preparing for the grim spectre of mortality...

• Zoom, the $1 billion video conferencing startup, publicly filed for an IPO on Friday.
• The company didn't price its upcoming IPO, but indicated in the filing that it will list on the Nasdaq under the ticker symbol "ZM."
• The company is profitable, and grew revenue 118% in fiscal 2019.
• Zoom was last privately valued at $1 billion or more...

• Bill Gates is one of the world's biggest philanthropists who has given away billions of dollars of his money.

• That's why so many people think that Gates' personal wealth is shrinking as he gives his money away.

• But it isn't. Gates is astoundingly rich and getting richer all the time.

• And he just joined a two-man club of people worth more than $100 billion...

• After two profitable quarters in a row, Tesla is once again in financial trouble.
• The company has guided down expectations for Q1, and analysts are worried about margins on the new Model 3.
• Plus, the company has taken on more debt and has a $566 million bill to pay in November...

• Investment management firm Franklin Templeton removed investor John B. Wilson from its board of directors after he was among dozens of people indicted by the FBI on Tuesday in an alleged college admissions bribery scheme.
• Wilson served as the lead independent trustee of 112 portfolios in the fund complex of Franklin Templeton Funds. He was also the designated financial expert of Franklin Funds' audit committee...