By Ross Kerber, Dawn Kopecki, Simon Jessop and Arsheeya Bajwa NEW YORK (Reuters) -Tesla’s $1 trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering. That is because it was crafted with an eye on keeping Musk in place, addressing concerns about the company’s technical outlo ...
SEOUL (Reuters) -Hyundai Motor said on Friday that it will investigate the employment practices by suppliers and their subcontractors, after hundreds of workers at a Hyundai Motor car battery facility under construction in the state of Georgia were detained in a major raid by U.S. authorities. "We take our responsibility as a corporate citizen seriously, and incidents like this remind us of the i ...
By Elizabeth Howcroft and Lawrence Delevingne (Reuters) -Justin Sun, one of the biggest known backers of President Donald Trump’s World Liberty Financial crypto venture, said on Friday his tokens connected to the project had been frozen, without giving further details. Sun had spent at least $75 million on World Liberty Financial tokens, known as $WLFI, according to his posts on X. The tokens be ...
By Daniel Wiessner (Reuters) -President Donald Trump’s administration abandoned on Friday the U.S. government’s legal defense of a rule adopted under former President Joe Biden that had banned agreements commonly signed by workers not to join rivals of their employers or launch competing businesses. The U.S. Justice Department filed motions in federal appeals courts in New Orleans and Atlanta ...