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Ceo

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Tesla Chair Warns Elon Musk May Leave Over $1 Trillion Pay Dispute

Originally Published 2 months ago — by Axios

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Source: Axios

Tesla's board chair Robyn Denholm urges shareholders to approve Elon Musk's controversial nearly $1 trillion pay package, warning that rejection could lead Musk to leave, which raises concerns about Tesla's future leadership and innovation. The vote ends November 5, amid mixed opinions from investors and advisory firms.

Tesla Shareholders Urged to Oppose Elon Musk's $1 Trillion Pay Plan

Originally Published 2 months ago — by Electrek

Elon Musk has threatened to leave Tesla if he doesn't receive his controversial and potentially record-breaking compensation package, which has raised concerns among shareholders and analysts about the fairness and implications of his pay structure, especially given Tesla's below-average returns and Musk's influence over the company's future.

First Brands CEO Patrick James Considers Resignation Amid Growing Pressure

Originally Published 3 months ago — by Bloomberg.com

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Source: Bloomberg.com

Patrick James, CEO of bankrupt First Brands Group, is considering stepping down amid the company's rapid collapse and ongoing investigations by the Justice Department, following a series of aggressive acquisitions and financial irregularities that have raised questions about oversight and management.

Klarna CEO Warns AI's Impact on Jobs Could Be Severe

Originally Published 3 months ago — by Fortune

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Source: Fortune

Klarna CEO Sebastian Siemiatkowski warns that AI will significantly impact jobs, especially in knowledge work, and criticizes peers for downplaying these effects. Klarna has aggressively adopted AI, leading to cost savings and growth, but also job reductions from 7,400 to 3,000 employees. Siemiatkowski actively uses AI in his work and personal life, emphasizing the importance of embracing technological change despite potential short-term disruptions.