Twitter, now X. Corp, and Tesla CEO Elon Musk meets France's Finance Minister Bruno Lemaire, unseen, during the 6th edition of the "Choose France" summit, in Versailles, outside Paris, France, Monday, May 15, 2023. Tesla shareholders approved CEO Elon Musk's US$56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth.
At least a half-million viewers watched the meeting on the livestream on social media platform X, and about 40,000 watched on YouTube. The approval also underscores the support that Musk enjoys from Tesla's retail investor base, many of whom are vocal fans of the mercurial billionaire. The proposal passed despite opposition from some large institutional investors and proxy firms.
In January, Musk threatened to build AI and robotics products outside of Tesla if he failed to gain enough voting control, which essentially required the 2018 pay package to be approved. The board had said that Musk deserves the package because he hit all the ambitious targets on market value, revenue and profitability. Large investors including the California PublicWhile Musk is undoubtedly Tesla's driving force, and is credited with much of its success, the company's sales and profit have slowed. There are concerns that he is spreading himself too thin.
The Delaware judge who ruled against the package criticized Tesla's board as "beholden" to him, saying the plan was proposed by a conflicted board with close personal and financial ties to its top executive.Prime Minister Justin Trudeau contemplated stepping down while 'undefeated' last year, but ultimately decided that he 'can't' walk away at a time when he thinks the stakes are higher than ever.
The Calgary Parking Authority says it has seen the rise of a scam where fraudsters are slapping fake parking tickets on vehicles around the city.In an attempt to invite one of the most popular recording artists in the world to the land of living skies – the City of Swift Current has offered to rename itself in honour of Taylor Swift.More than a dozen dogs arrived by Cargojet early Thursday morning to the People for Animal Wellbeing Shelter to find a permanent place to call home in New Brunswick.
An emotional Denis Bagaric spoke to CTV News outside of court on Thursday after a judge ruled his two remaining dogs would be killed, after a two year court battle on their fate, for the role they played in the death of a Calgary senior in June 2022.A Bowness resident has created a petition calling for financial compensation for those most impacted by the city’s water shortage.
A 26-year-old Dartmouth, N.S., man has been charged with first-degree murder in connection with a shooting in North Preston, N.S.Hit-and-miss rain totals were reported across the Maritimes on Wednesday, the result of the scattered coverage of showers and thunderstorms.VIA Rail says the schedule for its route between Halifax and Montreal is about to become longer due to track conditions and speed limitations in New Brunswick.