All articles tagged with #advisory firm
Tesla shareholders are being urged by proxy advisory firm Glass Lewis to reject a proposed $56 billion pay package for CEO Elon Musk, citing its excessive size and potential risks. The package, which was previously vetoed by a judge, is now up for a shareholder vote along with a proposal to move Tesla's base from Delaware to Texas. Concerns include Musk's numerous other commitments and the financial strain on the company.
Talent agency CAA has announced the launch of CAA Evolution, an investment bank and advisory firm focused on sports, entertainment, and media clients. The venture combines CAA's merchant bank, Evolution Media Capital, with M. Klein & Company, led by Michael Klein. CAA Evolution aims to provide insight and expertise in the rapidly evolving sports and entertainment landscape, serving mid-size companies as well as large-cap media companies. The company plans to offer services such as M&A, capital markets and IPO advisory, and activist investor disputes.
Warren Buffett's preferred advisory firm has acquired a stake in Italian machinery maker IMA, signaling confidence in the company's prospects.
Dina Powell McCormick, a senior executive at Goldman Sachs and former US government official, is leaving the bank to join an investment and advisory firm run by former partners at Goldman Sachs. Powell McCormick has been a key figure in the bank's relationships with sovereign-wealth funds, particularly in the Middle East.