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EXPLAINED: 5 - The Real Truth

Elon Musk, called every name from ‘carnival barker’ to ‘absent CEO,’ is on the verge of landing a $45 billion pay package from Tesla

After having his unprecedented pay package voided by a judge, Tesla shareholders are set to vote on whether the plan should be reinstated.

Fortune

Tesla board chair says not paying Elon Musk is unfair—‘Put yourself in his shoes’

Investors will vote on the Tesla CEO’s $56 billion stock option package next week.

Fortune

Elon Musk can’t just ask ‘his brother and his besties’ to pay him $46 billion, NYC comptroller says

Comptroller Brad Lander said the Tesla CEO’s pay package is “outrageously large and insufficiently governed” at a meeting of investors on Tuesday.

Fortune

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Elon Musk is recruiting xAI staffers who are ‘without regard to popularity or political correctness’ a day after raising $6 billion from investors

Musk's latest startup is barely a year old and already it is worth $24 billion. But Tesla shareholders fear it will compete with the carmaker for resources.

Fortune

NYC comptroller lets rip on Elon Musk’s $47 billion pay plan: ‘There’s rarely been as egregious a flaunting of independent shareholder governance as this’

The overseer of $242 billion in NYC pension funds says Elon Musk is treating Tesla like a family-owned business instead of the publicly traded company it is.

Fortune

‘Tesla Is Not A Family Business': New York Official Blasts Musk’s Pay Package

A June shareholder vote will decide how much control Elon Musk wields over Tesla. NYC Comptroller Brad Lander has something to say about it.

InsideEVs

Tesla investors urge shareholders to vote against Elon Musk’s $56bn payday – and slam board for failing to curtail him

‘Tesla is suffering from a material governance failure which requires our urgent attention and action,’ shareholders write

The Independent UK

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Nearly 2,000 Migrants Evacuated From Brooklyn Shelter Amid Storm

City officials say their main concern and reason for the evacuation was the high winds

Latin Times

Al Sharpton says ousted Harvard chief was ‘scapegoat’ in fight against diversity

Civil rights leader hosts protest outside office of alumnus who spearheaded campaign to remove Claudine Gay and criticized DEI

The Guardian - US

Examining BlackRock’s shift away from ESG

The Economy and Society letter is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

NYC’s ESG investment approach draws pushback

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

‘Suit up for the backlash!’: The battle to regulate New York’s gig economy

The progressive politician Brad Lander says his attempts to establish a minimum wage for food delivery workers have met well-funded resistance from the sector’s leading companies

The Guardian - UK

NYC Comptroller Decries Politicization Of ESG

In an interview last week, New York City Comptroller Brad Lander argued against the politicization of ESG

Zenger

Biden administration pushes back

Ballotpedia

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Tribune News Service

Mayor Adams takes heat for trying to water down NYC right-to-shelter law — ‘Beyond disturbing,’ say critics

Mayor Adams weathered a torrent of criticism Wednesday for his administration’s legal push to diminish the city’s right-to-shelter law, with detractors calling the move misguided and demanding the mayor reconsider.

The Guardian - US

New York mayor and police criticized for lack of action over Jordan Neely’s death

Medical examiner confirmed on Wednesday that 30-year-old Black man died from compression to the neck

Tribune News Service

Mayor Adams unveils plan to subsidize solar panels for low-income NYC homeowners, funding stream up in air

NEW YORK — Mayor Adams teamed up with Comptroller Brad Lander on Thursday to announce a pilot program that’d bankroll rooftop solar panel installations for working class homeowners in the city — but funding for the initiative isn’t locked in yet.

Chicago Sun-Times

Americans want to invest in a clean energy future

We want to put our money where our aspirations are. Opponents of this responsible approach to investing derisively label it “woke” because they know that term creates confusion and for some, fear. So it’s a perfect wedge to divide us.

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Tribune News Service

NYC minority- and women-owned businesses losing out on city contracts

Rev. Reginald Bachus knows how hard it is to land a contract with the city as a Black business owner.

Reason

How Brooklyn's Much-Copied Diversity Plan Helped Throw its Best Middle School Into Chaos

After former New York City Mayor Bill de Blasio changed the admissions rules at the school his kids graduated from, testing, safety, and excellence plummeted.

Tribune News Service

NYC Mayor Adams demands ‘national czar’ for migrant crisis — a job Vice President Harris is already supposed to have

NEW YORK — Vice President Kamala Harris may want a word.

Zenger

Kentucky Threatens To Divest From 11 Banks Over Environmental And Social Policies

Kentucky State Treasurer Allison Ball (R) notified 11 banks that their ESG policies had harmed the state’s economy.

Ballotpedia

Kentucky threatens to divest from 11 banks over ESG policies

On January 2, Kentucky State Treasurer Allison Ball (R) issued a statement notifying 11 banks that their ESG policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to stop what Kentucky argues are…

Ballotpedia

Midterm results could strengthen state opposition to ESG

Republican midterm gains could strengthen state opposition to ESG according to Roll Call

Tribune News Service

Uneven election night for New York Democrats draws out divisions within party

NEW YORK — In the end, the contest between Gov. Kathy Hochul and her Republican challenger, Rep. Lee Zeldin of Long Island, was not quite as close as some Democrats had feared in the final days of the New York governor’s race.

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