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DARK SECRETS: Charles elson - The Real Truth

CEOs who are also board chairs are the problem not the solution, says top governance expert

Also: All the news and watercooler chat from Fortune.

Fortune

Oracle is embarking on a unique succession experiment: A company worth $870 billion run by 4 leaders

Oracle investors might like to know, especially now—who’s really running the show?

Fortune

Tesla’s rule-breaking board expressing ‘almost a contempt for lawful and accepted procedure’, says governance expert

Tesla's AGM will occur four months later than required—not good enough, says Charles Elson: "The law has to be equally and neutrally applied. There aren’t special exceptions."

Fortune

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read the most diverse news in one place.

Tesla bull Dan Ives says the company has reached a 'tipping point' and lays out a 3-point plan for the board to rein in Elon Musk

The analyst thinks Musk needs a new pay plan and a board committee that's dedicated to limiting, but not banning, the CEO's political activities.

Fortune

What Elon Musk’s feud with Trump means for Tesla shareholders

Could Musk be fired? Will he get his pay package approved? Will Tesla be punished? Shareholders are in for a bumpy ride as the Trump bromance ends.

Fortune

Elon Musk's feud with Donald Trump is hugely damaging to Tesla but don't expect any action from the board

“They should, but they won’t.”

Fortune

23andMe was once worth $6 billion. Now CEO Anne Wojcicki wants to buy it back for $42 million

Experts say the CEO’s second attempt to buy back the troubled DNA startup comes with a slew of corporate governance red flags.

Fortune

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Bret Taylor keeps having to deal with Elon Musk’s takeover attempts

The mild-mannered entrepreneur finds himself at the center of an Elon Musk takeover drama for the second time.

Fortune

Meta's appointment of UFC chief and Trump pal Dana White may kick off a trend

Meta's appointment of the Ultimate Fighting Championship CEO to its corporate board could kick off a new trend.

Fortune

Why Murdoch’s succession case could be major blow to his rightwing legacy

Court ruling could mean that more liberal Murdochs may have say in content from world’s most powerful conservative media empire

The Guardian - US

A judge has once again rejected Musk's multi-billion-dollar Tesla pay package. Now what?

For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion

The Independent UK

Murdoch family drama plays out in court with fate of Fox News at stake

Rupert Murdoch, 93, wants eldest son Lachlan to run his empire after his death – but his other children want their say

The Guardian - US

Hewlett Packard to pursue Mike Lynch’s estate for up to $4bn

Tech company says it will follow legal proceedings ‘to their conclusion’ after tycoon’s death last month

The Guardian - UK

How the Starbucks board can set its new CEO up for success

Howard Schultz has been a major part of the company for years, whether the board likes it or not.

Fortune

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The Guardian - US

Law professor says Tesla threatened to fire law firm over Musk’s huge payout

Charles Elson accused EV company of strong-arming law firm where he consulted over his legal brief opposing Musk’s pay

Top News

Judge Invalidates Elon Musk's Massive Tesla Pay Package

Elon Musk's .8 billion pay package was struck down by a judge as unfair. Find out the complexities of executive compensation and its impact on CEOs.

Fortune

Elon Musk isn’t the first big-name CEO to use recreational drugs. But how much is too much?

Experts who spoke to Fortune expressed concerns over Musk’s behavior, including one who said, “It’s a serious thing no matter how you look at it.”

Fortune

What board can learn from Disney’s activist showdown

Disney’s proxy battle reveals how activism is changing and why Nelson Peltz has a chance of winning.

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Fortune

Silicon Valley doesn’t care about Big Tech’s AI conflicts of interest

Generative AI technology is blurring the lines between businesses and bringing fresh scrutiny to the boardroom roles of heavy-hitters like Reid Hoffman and Marc Andreessen.

Fortune

Meta and Tesla can’t stop Mark Zuckerberg and Elon Musk beating each other up in a cage match, and that’s a problem

The Tesla and Meta CEOs are “key” executives at their organizations, and threats to their physical well-being represent a big risk for their companies, shareholders, and employees.

Zenger

Coinbase’s Meteoric Rise Defies Logic As BlackRock Alliance Boosts Stock

Coinbase's value soars as BlackRock applies to launch bitcoin-backed ETF with the digital exchange as custodian.

The Guardian - US

US targets Binance and Coinbase – is the government ready to regulate crypto?

Regulators have been confused about whether cryptocurrency is a security or a commodity, but clarity appears imminent

Chicago Sun-Times

ComEd parent Exelon is paying legal bills for two executives convicted of bribery

The company will not say how much it has paid to attorneys representing ex-CEO Anne Pramaggiore and VP John Hooker, but a rep says ratepayer funds are not used.

WEKU

Fox isn't in the apology business. That could cost it a ton of money

When Fox Corp. CEO Lachlan Murdoch addressed investors on Tuesday, he did not apologize for the events that led to a $787 million settlement over the broadcasting of election-related falsehoods.

The Independent UK

Unions say rails should forgo buybacks and spend on safety

Rail unions want railroads to take some of the billions they’re using every year to buy back their stock and use it to improve safety in the wake of several high-profile derailments and hire more workers

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