Skip to main contentSkip to main content
Updating results

Search

Showing: 1-25 of 970760
  • Updated

Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas. Stockholders will vote on the changes at a June 13 annual meeting. The proposals come as the electric vehicle maker struggles with falling global sales, slowing electric vehicle demand, an aging model lineup and a stock price that has tumbled 37% so far this year. In January, the Delaware court ruled that Musk is not entitled to the huge compensation plan that was to be granted over 10 years starting in 2018. But in a regulatory filing, Chairperson Robyn Denholm said Musk met all the stock value and operational targets in the package that was approved by shareholders.

  • Updated

The Senate has voted to dismiss the first of two articles of impeachment against Homeland Security Secretary Alejandro Mayorkas, the first step in ending its trial on his handling of the U.S.-Mexico border. Democrats said the article, which charged Mayorkas with “willful and systemic refusal to comply with the law” is unconstitutional. Senate Majority Leader Chuck Schumer said the articles of impeachment against Mayorkas “fail to meet the high standard of high crimes and misdemeanors.” The House narrowly voted in February to impeach Mayorkas, arguing in the articles that he refused to enforce immigration laws. Mayorkas has said he’s focused on the work of his department.

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News

Weekend Things to Do

News Alert