1. Articles from matousekmark

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    1. 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: CEO SEC Tesla
    2. 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: CEO SEC Tesla
    3. 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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      Mentions: Investment CEO SEC
    4. 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: CEO SEC Twitter
    5. 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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      Mentions: CEO Twitter Tesla
    6. 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: CEO SEC Twitter
    7. The Special Committee of Tesla's Board Has Hired a PR Firm as the Company Explores Going Private

      The Special Committee of Tesla's Board Has Hired a PR Firm as the Company Explores Going Private
      • A special committee of Tesla's board of directors has hired the public relations firm Joele Frank as the company attempts to go private, Fox Business first reported.
      • The Fox Business reporter Charles Gasparino said on Twitter that the firm has been retained for "image repair."
      • A Joele Frank representative confirmed to Business Insider that it is working with the special committee...
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    1-7 of 7
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    The Special Committee of Tesla's Board Has Hired a PR Firm as the Company Explores Going Private 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 'You are messing with the wrong guy': The CEO of Cleveland-Cliffs Eviscerates Goldman Sachs analyst and short sellers (CLF) Sears is Reportedly Betting on a Lifeline From its Controversial Former CEO to Keep it From Liquidating in the Next Few Weeks It's Too Soon to Say P&G Turned the Tide Ford Foundation Appoints Cisco CEO Chuck Robbins to its Board of Trustees Helios and Matheson Hires a Second Proxy Advisor