Elon Musk got ‘paid’ $2.3 billion last year but actually earned $0, and this shows how complicated CEO compensation has become By - June 11, 2019 A recent report from The New York Times indicated that Tesla CEO Elon Musk received stock options worth nearly $2.3 billion in 2018, more than 17 times the reported compensation of the next-highest executive on the list.

There's a record number of women on the boards of Fortune 500 companies. Racial and ethnic minorities, not so much. Allana Akhtar twitter Women filled 183 of the 462 open board room positions at Fortune 500 companies , according to a new report. Racially diverse candidates did not see the same gains, though. African-American candidates filled just 11% of new board seats. Greater diversity in leadership leads to fewer errors and greater innovation, according to research.

• Baillie Gifford, the largest institutional investor in Tesla, increased its stake in the company during the first quarter despite all the controversy surrounding the electric carmaker.
• We recently asked Andrew Telfer, the $252 billion asset manager's joint senior partner, what it takes for the firm to sell a company it has invested in for the long haul...

It’s now clear that independent Facebook investors voted overwhelmingly in support of proposals last week to fire Mark Zuckerberg as chairman and scrap the firm’s share structure. According to the results of votes at Facebook’s annual shareholder meeting, 68% of outside investors want the company to hire an independent chairman. The majority was up from 51% last year...

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• Johnson & Johnson CEO Alex Gorsky, Kinder Morgan executive chairman Richard Kinder, and FedEx CEO Frederick W. Smith all served overseas.
• Here are other Fortune 500 CEOs who have served in the military...

• Ryan Graves, Uber employee number 1 and its former CEO, is leaving Uber's board of directors, the company said in a filing Friday.
• It's unclear why Graves is leaving the board. The company said in its filing that the departure is not related to any disagreements.
• Graves' resignation comes just two weeks after Uber went public. Graves' personal stake in the company is valued around $1.4 billion...

• 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...

• Nearly 8,000 employees have signed an open letter asking Amazon to commit to become a climate-change leader instead of a climate change contributor.
• They expected to present their ideas directly to their boss, CEO Jeff Bezos, at the company's annual shareholder's conference where he was scheduled to appear.
• But Bezos didn't show up to listen to them.
• Although 50 of them were in the room, the company also did not allow any of them to ask a question of him...

• BP chairman Helge Lund promised a long-term transformation to a "low-carbon energy system" in a Financial Times editorial.
• At its annual general meeting on Tuesday, BP accepted a shareholder resolution to adopt transparency about how its strategy is in accordance with the Paris Agreement on climate change.
• BP and its competitors are facing significant pressure from investor groups for addressing climate change, including from CA100+, whose members control a total of $33 trillion AUM...

• Deutsche Bank has been splashing out on new hires and paying out a big bonus to the board, infuriating veterans who saw their pay slump.
• Deutsche Bank's bosses may face shareholder wrath ahead of a key annual meeting on Thursday.
• Senior staff are forced to hold the stock as part of their pay. The shares reached record lows this week...

• 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...

• Sen. Bernie Sanders will attend Walmart's shareholders meeting on June 5.
• He reportedly plans to boost a shareholder proposal to include hourly employees on the company's board.
• A Walmart spokesperson told Business Insider that the company hopes Sanders will not approach the event as a "campaign stop."

Sen. Bernie Sanders, one of Walmart's biggest critics, is crashing the retail giant's annual shareholder meeting this year...

• Amazon shareholders will stage an unprecedented vote on Wednesday on whether to stop the company from selling its facial recognition technology to government agencies.
• Activist shareholders are concerned that the technology, known as Rekognition, will be used for surveillance and has been found to produce inaccurate results...

• Uber wanted to go public with the $120 billion valuation pitched by bankers at Morgan Stanley and Goldman Sachs ahead of its initial public offering, but the company ultimately listed with a $75.5 billion market cap.
• One reason is that institutional investors, many who privately owned Uber stock, didn't want to buy more shares at the higher price, according to The New York Times...

• Microbiome-testing company uBiome's board now only has one independent director, following a raid of the company by the FBI in April.
• In a letter to investors sent Tuesday, a special committee of uBiome's board of directors said that two board members, UCSF professor Joe DeRisi and early founder Witt Wisebram, have resigned...

• Jean Case is the CEO of the Case Foundation and chairman of the National Geographic Society.
• In this op-ed, she writes that businesses can be a powerful tool for social good, and that social impact-driven brands are generating compelling financial returns for investors.
• If the growth trend continues, it suggests that impact investing is on a track to hit a trillion dollars in the near future — bringing it toward the mainstream...

• Slack director Chamath Palihapitiya made "unauthorized statements" in a TV interview, the company disclosed in an SEC filing related to its IPO.
• Palihapitiya shared his insights into the Slack IPO in a CNBC interview, saying the office-messaging tool "will be one of the most important tech companies in the world."...

Impactive Capital Co-founder Lauren Taylor Wolfe told attendees at the Sohn Investment Conference that her firm is going to advocate for changes to Wyndham Hotels' energy use to increase the value of the hotel chains' stock. Wyndham, which includes brands like Days Inn and recently bought La Quinta Inns, is protected from new competition like AirBnB because of its low prices, Wolfe said...

• Activist hedge fund Marcato Capital Management says it will vote against marijuana retailer Acreage Holdings' landmark sale to Canopy Growth.
• Canopy Growth paid $300 million in April for the right to buy Acreage Holdings pending the federal legalization of marijuana in the US.
• The shareholder vote is expected to happen in June...

• Berkshire Hathaway has bought shares of Amazon, according to a CNBC report on Thursday.
• Warren Buffett, Berkshire's chairman and CEO, did not directly purchase the Amazon shares himself.
• "Yeah, I've been a fan, and I've been an idiot for not buying," Buffett said according to CNBC, referring to Amazon shares. "But I want you to know it's no personality changes taking place."...

• Activist investor Edward Bramson believes he will fail in his attempt to gain a seat on the board of Barclays.
• Bramson told reporters that he would likely be unsuccessful in his bid to shake up the bank's management with his move set to be rejected.
• The 5.5% shareholder is keen to shake up Barclays' investment banking operation but conceded that it could be maintained while also making it a worthwhile investment for shareholders, at the bank's AGM Thursday...

• Boeing CEO Dennis Muilenburg is getting a dedicated legal advisor.
• Boeing has promoted general counsel and former federal judge J. Michael Luttig to the newly-created role of counselor and senior advisor to Muilenburg on Wednesday.
• Luttig will be responsible for managing the legal issues stemming from the two fatal Boeing 737 Max crashes in Indonesia and Ethiopia...

• 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...

• 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...