• Tesla CEO Elon Musk says he has no plans to relinquish his dual role as chairman and CEO.
• Musk is under intense scrutiny by the US Securities and Exchange Commission and is facing lawsuits over his tweets last week about taking his company private.

Elon Musk has no plans to relinquish his dual role as chairman and chief executive officer of Tesla, he said in an interview with the New York Times on Thursday...

• In the eyes of the world "Fearless Girl" — the bronze statue of a defiant girl in front of the Wall Street bull — is the biggest marketing coup in recent history. Not for Hannah Grove.
• In this interview with Business Insider CEO Henry Blodget, the State Street CMO talks about how Fearless Girl represents a call for greater governance and stewardship by women...

• Some members of Tesla's board of directors are hiring lawyers to protect themselves in the ongoing fallout from CEO Elon Musk's public declarations about taking the company private.
• Fellow board members are also urging Musk to cool it with the public statements about a go-private deal, according to a New York Times story published Tuesday night.
• By all appearances, Musk has ignored that advice...

• 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...

• Carl Icahn has dropped his fight to stop health insurer Cigna’s purchase of Express Scripts, a pharmaceutical company.
• Last week, Icahn said he would try and solicit proxy votes to block the $52 billion deal.
• Icahn told CNBC that blocking the deal would be impossible and "there’s no point in fighting just to fight."

Activist investor Carl Icahn has reversed his position on US health insurer Cigna’s purchase of pharmaceutical subscription company Express Scripts...

• Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught the company's own board of directors off-guard, The New York Times reported Monday night.
• That August 7 tweet caused Tesla's stock to skyrocket to $380 per share that day.
• In the days that followed, the SEC got involved, reportedly investigating Musk's online musings about taking the company private.
• The fallout from that tweet follows an extended run of public missteps by the Tesla CEO...

• Christopher Rollins, a 16-year veteran of Goldman Sachs, sued the bank this week over his termination.
• Rollins claimed he was unfairly terminated over his role in a series of transactions involving an unnamed financier who had legal issues in the past. He's seeking $50 million in damages.
• The lawsuit set tongues wagging on Wall Street and in the City of London, given that it names several of Goldman Sachs' most senior staff in London...

• Pharmacy chain Rite Aid and grocer Alberstons have called off their $24 billion merger shortly after a shareholder advisory firm opposed the deal.
• The U.S. grocer had hoped that the deal, which was seen as part of a wave of consolidation in the drug retailing sector, would help Albertsons become a formidable competitor to CVS Health and Walgreens.
• Rite Aid fell as much as 11% Thursday morning on the news...

• Morgan Stanley analysed "key man" risk, looking at the damage that might be done if an influential CEO suddenly steps down.
• Asset managers, software companies, and large-cap banks have the highest risk, according to the study.
• The possible departure of JPMorgan CEO Jamie Dimon was highlighted as significant key man risk in the banking sector.

Big banks and software companies are among the most exposed to "key man" risk, according to a recent note from Morgan Stanley...

• Snap held its annual shareholder meeting on Thursday.
• It was a brief affair, lasting less than three minutes.
• The duration and format of the meeting demonstrated CEO Evan Spiegel's control over the company.

Evan Spiegel just demonstrated another one of the great perks of being king — short meetings that you don't even have to attend in person...

In August 2011, Tim Cook took the job as CEO of Apple, leaving many wondering if he could fill the shoes left by his friend and mentor, Steve Jobs.

Today, Apple hit a huge milestone, becoming the first $1 trillion company in the United States, ever. That leaves Cook looking pretty good...

The Los Angeles Times reported Thursday that the CBS board learned months ago of a police investigation into an allegation of sexual assault against the company's CEO Les Moonves.

• According to the Times, the board hired outside counsel to look into the matter, which concluded "no further investigation was warranted."
• Moonves was accused by six women of sexual misconduct in a New Yorker report last week...

• Les Moonves, the CEO and chairman of CBS Corporation, is reportedly planning to take questions from analysts during his company's second-quarter earnings call on Thursday.
• The CBS chief faces sexual misconduct allegations from at least six women, as reported by The New Yorker last week.
• According to The New Yorker, Moonves is accused of unwanted sexual advances and intimidation dating back to the 1980s and 1990s...

• CBS CEO and chairman Les Moonves won't be suspended during an investigation into sexual misconduct claims against him, CBS said Monday.
• The CBS board of directors met Monday to discuss Moonves' future and how to proceed with an investigation.
• The board will select outside counsel to conduct the investigation, and postponed the company's annual stockholder meeting, but "no other action was taken" on the matter...

• In his journey to becoming one of Silicon Valley's most influential entrepreneurs and investors, LinkedIn cofounder and Greylock partner Reid Hoffman has seen the full scale of success, failure, and everything in between.
• Sometimes, a startup outgrows its chief executive. Hoffman stepped down as CEO of LinkedIn, twice, when he realized he wasn't the best fit for the job...

• Former FCA and Ferrari CEO Sergio Marchionne has died at age 66.
• He had reportedly been in a coma in intensive care at a hospital in Zurich after complications from surgery.
• The boards of FCA and Ferrari named his replacements following emergency meetings over the weekend.
• Marchionne was an auto industry legend, leading a turnaround at Fiat and taking Chrysler from bankruptcy to renewed prosperity...

• 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...

• David Solomon will succeed Lloyd Blankfein as Goldman's new CEO, the firm said Tuesday.
• Solomon will officially take the reigns from Blankfein, the longest-serving Wall Street CEO alongside JPMorgan's Jamie Dimon, in October. He'll then join the board.
• Blankfein will serve as chairman through the end of year, and Solomon will add the title in January. Blankfein becomes senior chairman when he retires...

• Comcast has officially made a £26 billion (about $34 billion) bid for the European broadcasting company Sky.
• 21st Century Fox, which owns 40% of Sky, has been trying to buy the remaining stake since the end of 2016 but faced numerous regulatory hurdles.
• The deal pits some of the sharpest minds in global mergers and acquisitions against one another, with the three sides represented by some of the biggest names on Wall Street and in London...

• Baillie Gifford, Tesla's fourth-largest shareholder, says it wants Elon Musk to put away the distractions and focus.
• James Anderson, a partner and portfolio manager at the asset management firm, pointed to the turmoil surrounding the Tesla CEO, including his public rants in recent weeks. Musk has targeted reporters and news outlets over troubling news about Tesla Model 3 production and internal struggles at the company. Those rants have prompted some fallout...

• Papa John's founder and former CEO John Schnatter resigned from his position as chairman of the board on Wednesday.
• Schnatter's resignation comes one day after he admitted to using the N-word during a May conference call with a marketing agency.
• The company said it would appoint a new chairman in the coming weeks...

• Rupert Murdoch's 21st Century Fox has bid £14 per share for British pay-TV broadcaster Sky.
• Fox originally bid £10.75 in December 2016 but its bid was trumped by Comcast in February, which bid £12.50.
• Sky's shares closed at £15.01 on Tuesday, suggesting shareholders think the bidding war will continue...

• The share price of Helios & Matheson, the parent company of MoviePass, has plunged in recent months amid ongoing losses at the subscription movie service.
• But something else is weighing down the stock price — the more than 3,000% increase just since August in the number of the company's shares.
• That dilution is set to only get worse, as the company is seeking authorization to issue even more shares...

Barnes & Noble Inc on Tuesday said it terminated Chief Executive Officer Demos Parneros, citing violations of the retail bookseller's policies.

The company said the action was taken by its board, but did not provide further details...