Tesla board chair says not paying Elon Musk is unfair—‘Put yourself in his shoes’
Tesla shareholders will vote next week to ratify Musk’s stock option grant for a second time after a judge rescinded the award in January. The Delaware Chancery Court ruled that there was a lack of independence among directors and that…
Former Tesla board member says he wouldn’t vote for Musk’s $56 billion pay package
Tesla’s former audit committee chair and a prominent clean technology venture investor said he wouldn’t back Elon Musk’s $56 billion pay package and he understands why other investors will vote against the CEO’s pay proposal next week. “Look, Elon’s done…
Elon Musk Reclaims Title As World’s Richest From Bernard Arnault—As Net Worth Reaches $210 Billion
Topline Tesla CEO Elon Musk overtook LVMH chief Bernard Arnault to become the world’s richest person Thursday, doing so after briefly losing the title to Arnault overnight, when LVMH shares jumped in morning trading in Europe. Musk was briefly overtaken…
Elon Musk can’t just ask ‘his brother and his besties’ to pay him $46 billion, NYC comptroller says
Some shareholders are clearly in the camp that the pay package is too high and a strong indicator of failed corporate governance on the Tesla board. Other investors, including an army of small retail holders, have already voted in support…
Meet the man behind Odette — one of three restaurants in Singapore with three Michelin stars
Odette is named after a revered matriach in Chef Julien Royer’s life: his grandmother. “She is really someone very important to me, and the person that actually showed me how much passion, pleasure, happiness and emotion you can give to…
Take a tour inside a Parisian hotel suite that costs $52,000 per night
There are 78 rooms at Paris’ Hôtel de Crillon, but only two “Les Grand Appartements.” The apartments can be combined, along with an adjoining room, to make a three-bedroom mega-suite that covers 335 square meters (3,606 square feet) of the hotel’s…
Wealthy people ‘at greater risk of cancer’ than the rest of us: study
Rich people are genetically at greater risk of cancer than the poor, new research has revealed. The new study — conducted at the University of Helsinki in Finland — examined the relationship between socio-economic status, or SES, and an array of diseases….
Meet the art collectors with home galleries: ‘The stock market doesn’t give me any fulfillment’
Real estate entrepreneur Grant Cardone, who has a gallery in his Miami home, said collecting art gives him more fulfillment than investing in the stock market. Christian Levett, a former investment manager, opens his Florence home for private tours of…
Covid caused a ‘massive spike’ in yacht sales — now some of those boats are back on the market
Oleg Breslavtsev | Moment | Getty Images Some pandemic-era yacht owners are headed back for dry land. The pandemic spurred a “massive spike” in yacht sales, said Richard Allen, chief operating officer of the Hong Kong-based yachting company Simpson Marine….
UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
On a sweltering late-summer evening last year in southern Egypt, the country’s most storied hotel was bustling once again, hosting personalities with ambitions of shaping the world. In the more than a century since it opened, Aswan’s Old Cataract, perched…