corporate
New York (AFP) - Tesla shareholders voted in favor of a huge compensation package for CEO Elon Musk, endorsing the potential windfall after a Delaware court invalidated it, a company official said Thursday. Based on preliminary vote results, investors backed a plan of up to $56 billion for the mercurial Musk, corporate secretary Brandon Ehrhart said at Tesla's annual meeting in Austin, Texas. "I just want to start off by saying, hot damn, I love you guys," a euphoric Musk said as he took the microphone after the preliminary vote results were announced. The package was originally approved by in...
AFP
New York (AFP) - Electric vehicle company Tesla kept up the campaign to win last-minute votes ahead of a Thursday shareholder meeting that will weigh in on CEO Elon Musk's giant compensation package. "Tesla stockholders, time is running out," read a special webpage set up by the company for the annual meeting. Voting was set to conclude at 11:59 pm Wednesday on the US East Coast. Besides a pay package worth as much as $56 billion to the iconoclastic Musk, shareholders will also vote on a plan to shift Tesla's place of incorporation from Delaware to Texas. "The future value we are poised to del...
AFP
Ahead of June's vote, Euronews asks MEP candidates and EU citizens what their priorities are for the European Parliament elections. This episode focuses on businesses and taxation. Stay tuned as Euronews will publish more statements every day.
Euronews (English)
New York (AFP) - ExxonMobil shareholders overwhelmingly reelected the oil giant's board Wednesday, the company said, endorsing its hardball tactics in confronting climate activist investors. The company's 12 nominees won an average of 95 percent of votes cast, ranging from 87 percent to 98 percent, ExxonMobil said in an email to AFP. The vote followed criticism of the American multinational's lawsuit against two activist groups that had sought to direct the company to accelerate emissions reductions. The bullying tactics had drawn sharply-worded rebukes from Norway's sovereign wealth funds and...
AFP
By John BIERS New York (AFP) - Les actionnaires d'ExxonMobil vont avoir l'occasion lors de leur assemblée générale mercredi de montrer ce qu'ils pensent de la manière forte avec laquelle le géant américain du gaz et du pétrole a réagi aux récentes contestations liées au changement climatique. Le groupe, qui n'affiche aucun remord à investir dans l'industrie pétrolière malgré l'impact sur le climat, a en effet adopté une posture plus combattive que les années précédentes pour cette édition, qui va se dérouler en distanciel. Il a lancé des poursuites contre deux groupes d'actionnaires -- l'ONG F...
AFP (Français)
The EU is on the cusp of saying goodbye to the current leadership in the European Commission and European Parliament. This June, EU citizens will go to the polls to set in motion both the direct and indirect election of a new leadership structure. However, before they do that, EU member states are still agreeing on the final political goals which they have been working on for the past five years. One of the most significant of these goals was just quietly and efficiently signed off in a European Council meeting where EU ministers ticked the final political box and approved the EU’s Corporate S...
Euronews (English)
New York (AFP) - Boeing shareholders voted Friday to back outgoing CEO Dave Calhoun's pay deal and reelection to the board, in an endorsement of company leadership as it faces heavy scrutiny over safety problems. The company announced the preliminary vote results at its annual meeting, saying all 11 directors had been reelected and that shareholders backed Calhoun's planned $33 million compensation package. Advisory services firm Glass Lewis had urged shareholders to reject Calhoun's nomination, while Investor Shareholder Services (ISS) had recommended a "no" vote on Calhoun's compensation pac...
AFP
By John BIERS New York (AFP) - L'assemblée générale des actionnaires de Boeing a renouvelé vendredi le mandat de la totalité des membres du conseil d'administration, y compris celui du patron démissionnaire Dave Calhoun dont le paquet de départ de plus de 33 millions de dollars a également été approuvé. M. Calhoun, administrateur depuis 2009 et patron de l'avionneur depuis début 2020, doit quitter la tête du groupe d'ici la fin de l'année, emporté par des crises multiples liées à des problèmes de production et de contrôle qualité. Selon le président du conseil d'administration, Steve Mollenkop...
AFP (Français)
Ahead of European elections in June, Euronews asked voters to name one proposal they would implement if elected to the European Parliament, and questioned candidates about their pledges. Watch the video above to find out more.
Euronews (English)
European companies have been facing an increasingly difficult business environment, due to soaring inflation, as well as higher borrowing costs, as interest rates continue to remain uncomfortably high. As such, several companies across industries have had to halt or postpone projects, due to the cost of debt rapidly becoming unaffordable. This has also impacted capital investments and hiring. On the consumer side, increasing inflation has caused price rises across a variety of necessities and services. Surging interest rates have also bumped up the cost of mortgages, leaving consumers with les...
Euronews (English)
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