1. Articles from Mark Matousek

    1-13 of 13
    1. The SEC is Reportedly Investigating Whether Boeing was Transparent Enough with Shareholders About Problems with the 737 Max

      The SEC is Reportedly Investigating Whether Boeing was Transparent Enough with Shareholders About Problems with the 737 Max
      • The Securities and Exchange Commission (SEC) is investigating whether Boeing gave shareholders sufficient information about problems with its 737 Max aircraft, Bloomberg reported.
      • The agency is also reportedly examining financial documents from the aerospace manufacturer to determine whether it properly accounted for the potential impact of issues associated with the 737 Max.
      • The SEC declined to comment. Boeing did not immediately respond to Business Insider's request for comment...
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      Mentions: SEC crisis Bloomberg
    2. Boeing's CEO Survived a Shareholder Vote Seeking to Prevent Him From Also Being the Company's Board Chairman

      Boeing's CEO Survived a Shareholder Vote Seeking to Prevent Him From Also Being the Company's Board Chairman
      • A proposal that would have separated the CEO and board chairman roles at Boeing did not pass at the aerospace manufacturer's annual shareholder meeting on Monday.
      • Only 34% of voters supported the proposal, the company announced at the meeting, which was held in Chicago.
      • The proposal argued that an independent chairman would be better suited to helping the board develop long-term strategy while allowing CEO Dennis Muilenburg to focus on immediate concerns...
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      Mentions: plane Boeing Airlines
    3. The SEC Revealed the Punishment it Wants Elon Musk to Face if he Violates the Terms of Their Settlement in the Future

      The SEC Revealed the Punishment it Wants Elon Musk to Face if he Violates the Terms of Their Settlement in the Future
      • The Securities and Exchange Commission (SEC) reportedly told a judge in New York City on Thursday that it wants Tesla CEO Elon Musk to face increasing fines if he violates the terms of their 2018 settlement in the future.
      • It is unclear whether a fine would be the extent of the punishment the agency believes Musk should receive for a February tweet the agency says does not comply with their settlement...
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      Mentions: SEC Tesla lawsuit
    4. A Former Tesla Employee has filed a Whistleblowing Tip with the SEC Alleging that Tesla Workers were Skeptical of the Deal Mentioned in Elon Musk's 'funding secured' Tweet

      A Former Tesla Employee has filed a Whistleblowing Tip with the SEC Alleging that Tesla Workers were Skeptical of the Deal Mentioned in Elon Musk's 'funding secured' Tweet
      • A former Tesla employee has filed a whistleblower tip with the Securities and Exchange Commission (SEC), the law firm representing the employee said in a statement on Monday.
      • The tip corroborates a prior tip that claimed Tesla did not disclose to shareholders the theft of raw materials and the unauthorized surveillance and hacking of employee devices, Meissner Associates said...
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      Mentions: SEC Tesla lawsuit
    5. Elon Musk Said it Was a Mistake Not Letting Shareholders Join a Conference Call Where he Changed his Prediction About Tesla's Q1 Profitability

      Elon Musk Said it Was a Mistake Not Letting Shareholders Join a Conference Call Where he Changed his Prediction About Tesla's Q1 Profitability
      • Tesla made a recording of a conference call with reporters available on its website Wednesday after CEO Elon Musk said the automaker's handling of the call "was a mistake."
      • During the February 28 call, Musk changed a prediction about Tesla's profitability in the first quarter of this year.
      • Tesla shareholder Galileo Russell tweeted at Musk on Tuesday, saying he was frustrated by Tesla's failure to allow shareholders to listen to the call or read a transcript of it...
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    6. A Former Tesla Employee Was Charged With Embezzling $9.3 Million From the Company

      A Former Tesla Employee Was Charged With Embezzling $9.3 Million From the Company
      • A federal grand jury on Thursday charged former Tesla employee Salil Parulekar with embezzling around $9.3 million from the automaker, the Department of Justice said in a press release.
      • Parulekar, who worked in Tesla's supply management division, allegedly sent money meant for one supplier, Hota Industrial Manufacturing, to another supplier, Schwabische Automotive GmbH (SHW), in 2016 and 2017.
      • Parulekar was charged with nine counts of wire fraud and one count of aggravated identity theft...
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    7. Larry Ellison Slams Media's Coverage of Elon Musk and Says Tesla is his Second-Largest Investment

      Larry Ellison Slams Media's Coverage of Elon Musk and Says Tesla is his Second-Largest Investment
      • Oracle founder, CTO, and executive chairman Larry Ellison defended Tesla CEO Elon Musk during an analyst meeting on Thursday and said Tesla is his second-biggest investment, Bloomberg reports.
      • Ellison reportedly criticized media coverage of Musk, who has attracted controversy in recent months.
      • "He’s landing rockets on robot drone rafts in the ocean," Ellison reportedly said. And you’re saying he doesn’t know what he’s doing. Well, who else is landing rockets?..
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    8. Elon Musk Has to Step Down as the Chairman of Tesla's Board — Here Are 8 People Who Could Replace Him

      Elon Musk Has to Step Down as the Chairman of Tesla's Board — Here Are 8 People Who Could Replace Him
      • As a result of a settlement with the Securities and Exchange Commission (SEC), Tesla CEO Elon Musk will have to step down as the chairman of the automaker's board of directors for three years.
      • Tesla's board has been criticized for failing to hold Musk accountable for erratic behavior that has at times caused the company's stock price to fall.
      • The Financial Times reported on Wednesday that current Tesla director James Murdoch is the leading candidate to become the board's next chairman...
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      Mentions: SEC Tesla Elon Musk
    9. Here's What Legal Experts are Saying About the SEC's Decision to Sue Elon Musk (TSLA)

      Here's What Legal Experts are Saying About the SEC's Decision to Sue Elon Musk (TSLA)
      • The SEC filed a lawsuit against Tesla CEO Elon Musk on Thursday, alleging that Musk made "false and misleading statements" in August about taking the automaker private.
      • Musk said he was "deeply saddened and disappointed" by the lawsuit, which he called "unjustified," in a company statement to Business Insider.
      • Three legal experts weighed in on the matter...
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      Mentions: SEC Tesla lawsuit
    10. A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk

      A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk
      • The SEC sued Tesla CEO Elon Musk on Thursday, saying he made "false and misleading" statements in August about possibly taking Tesla private.
      • Former SEC senior counsel Thomas Gorman told Business Insider he disagreed with the agency's decision.
      • While Musk's statements weren't smart from a business perspective, that doesn't necessarily mean he committed fraud, Gorman said...
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    11. A Former SEC Chairman Outlined the Worst Case Scenario for Elon Musk now that the SEC has Sued Him

      A Former SEC Chairman Outlined the Worst Case Scenario for Elon Musk now that the SEC has Sued Him
      • The former SEC chairman Harvey Pitt told Business Insider in August that Tesla CEO Elon Musk could be banned from serving as an officer or director of a public company after reports that the agency was investigating his comments about taking Tesla private.
      • But the SEC's lawsuit is not the only potential threat to Musk.
      • Bloomberg reported earlier this month that the Department of Justice has opened an inquiry into Tesla, which could ultimately result in a prison sentence for Musk...
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      Mentions: SEC Twitter Tesla
    12. Elon Musk.. Defends Tesla's Board of Directors Against Critics Who Say It Isn't Doing Enough to Hold Him Accountable to Shareholders

      Elon Musk.. Defends Tesla's Board of Directors Against Critics Who Say It Isn't Doing Enough to Hold Him Accountable to Shareholders
      • Tesla CEO Elon Musk defended the company's board of directors on Friday via Twitter.
      • "The Tesla board has done incredible work overseeing the largest value creation in the auto industry in 100+ years, despite many setbacks. Tesla owes its very existence to this board!" Musk said via Twitter  in response to a Forbes article that questioned the board's performance...
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    13. Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet

      Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk has hired two lawyers, Roel Campos and Steven Farina, as the Securities and Exchange Commission reportedly investigates statements Musk made about converting Tesla into a private company, Fox Business Network reports.
      • Campos was an SEC commissioner from 2002 until 2007.
      • Farina and Campos list securities enforcement and securities litigation among their areas of focus...
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      Mentions: SEC Twitter Tesla
    1-13 of 13
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    Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet Elon Musk.. Defends Tesla's Board of Directors Against Critics Who Say It Isn't Doing Enough to Hold Him Accountable to Shareholders A Former SEC Chairman Outlined the Worst Case Scenario for Elon Musk now that the SEC has Sued Him A Former SEC Lawyer Says the Agency Shouldn't Have Sued Elon Musk Here's What Legal Experts are Saying About the SEC's Decision to Sue Elon Musk (TSLA) Elon Musk Has to Step Down as the Chairman of Tesla's Board — Here Are 8 People Who Could Replace Him Larry Ellison Slams Media's Coverage of Elon Musk and Says Tesla is his Second-Largest Investment A Former Tesla Employee Was Charged With Embezzling $9.3 Million From the Company Elon Musk Said it Was a Mistake Not Letting Shareholders Join a Conference Call Where he Changed his Prediction About Tesla's Q1 Profitability The SEC Revealed the Punishment it Wants Elon Musk to Face if he Violates the Terms of Their Settlement in the Future Methode Electronics, Inc. Adds Former Brunswick Chairman and CEO Mark Schwabero and Healthcare Executive Bruce Crowther to its Board of Directors Heidi S. Alderman Appointed to Olin's Board of Directors