All articles tagged with #voting control
Originally Published 4 months ago — by Variety
Lachlan Murdoch gains control of voting shares in Fox and News Corp. after a family settlement ending a long-standing dispute among Rupert Murdoch's children, which clarifies control and reduces internal conflicts within the media giants.
Originally Published 1 year ago — by MarketWatch
Elon Musk's recent comments about wanting voting control of Tesla through a dual-class stock structure reveal his true intentions, despite his attempts to downplay it to investors. Musk's desire for influence without outright control is evident, but his interest in a dual-class stock structure indicates a push for greater control. This has raised concerns among investors, especially given the potential implications for Tesla's future direction and governance.
Originally Published 2 years ago — by Fox Business
Elon Musk expressed discomfort with expanding Tesla's AI and robotics work without having around 25% voting control, citing concerns about being overridden by shareholders. He mentioned a preference for building products outside of Tesla if this control isn't achieved. Musk also discussed the possibility of a dual class voting structure and highlighted ongoing legal matters related to his compensation package. Despite these challenges, Tesla continues to invest significantly in AI development, with Musk believing it has the potential to make the company the most valuable in the world.
Originally Published 2 years ago — by Reuters.com
Elon Musk expressed discomfort with growing Tesla's AI and robotics capabilities without at least 25% voting control, nearly double his current stake, and indicated a preference to build products outside of the company if this condition isn't met. He also mentioned being open to a dual-class share structure to achieve his goal, but lamented that it was not allowed post-IPO. Musk currently faces a lawsuit over his compensation package, but stated that there is no "feud" with the board over his new compensation package.
Originally Published 2 years ago — by Yahoo Finance
Elon Musk expressed his preference for having at least 25% voting control in Tesla before expanding the company's AI and robotics efforts, indicating that he may seek a larger stake in the company. As Tesla's largest single shareholder, Musk highlighted the need for influence without being overruled, amidst shareholder dissatisfaction and concerns over succession planning and his involvement with X, the platform formerly known as Twitter.
Originally Published 2 years ago — by Bloomberg
Elon Musk wants 25% voting control of Tesla before building its AI products and has warned that he would consider developing AI outside of the company if this condition is not met, indicating his desire for a larger stake in the electric vehicle maker. He also addressed questions about his need for another large compensation package, citing an ongoing shareholder suit against a previous package as the reason for the delay in implementing a new plan.