INTERIM CEO
Tesla's $1,000,000,000,000 pay package for CEO Elon Musk may be a ransom is disguise
Tesla's board is pushing for a massive compensation package for Elon Musk, aiming to increase the company's market cap to $8.5 trillion. This move comes as Tesla shifts its focus from EVs to autonomous driving and AI. Concerns arise regarding Musk's other ventures, potential conflicts of interest, and the lack of a clear succession plan, highlighting governance issues.
Lucid shares jump as it secures $300 million investment from Uber for next-gen robotaxi fleet
Lucid Group and Uber have finalized a deal. Uber invests $300 million in Lucid. They will develop autonomous robotaxis. Lucid will manufacture the vehicles. These vehicles will use Nuro’s self-driving system. Uber will deploy them on its network. Service is scheduled to launch in 2026. Uber plans to deploy 20,000 vehicles.
Tesla to award Musk $1 trillion if company achieves some lofty targets
Tesla's board has proposed a groundbreaking compensation plan for CEO Elon Musk, potentially valued at $1 trillion if ambitious targets are met. This unprecedented package highlights Tesla's confidence in Musk's leadership as the company transitions into a technology powerhouse, with a focus on AI and autonomous systems.
Tesla to award Musk $1 trillion if company achieves some lofty targets
Tesla's board has proposed a groundbreaking compensation plan for CEO Elon Musk, potentially valued at $1 trillion if ambitious targets are met. This unprecedented package highlights Tesla's confidence in Musk's leadership as the company transitions into a technology powerhouse, focusing on AI and autonomous systems.
Tesla urges investors to vote in favor of CEO Elon Musk's compensation package
Tesla’s board has asked shareholders to approve Elon Musk’s 2025 compensation package. The proposal, set for a shareholder vote, highlights Musk’s role in Tesla’s success and aims to secure his continued commitment as CEO.
Adani, Encalm terminate airport lounge service contracts with Dreamfolks
Adani Digital, Semolina Kitchens and Encalm Hospitality have announced the discontinuation of airport lounge services with industry major Dreamfolks. The decision is said to impact company's operations and financial performance.
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5 ways your retirement math can go wrong and what to do about it
Today, retirement planning needs a revamp. Traditional methods that rely on forecasts often fail. Sequence-of-return risk can deplete savings. Dynamic withdrawals, adjusting spending based on portfolio performance, offer a solution. Experts suggest combining bucketing with adaptive withdrawals. Flexibility and caution are key. Plan for higher expenses and lower returns. Choose a strategy aligning with your needs for a comfortable retirement.
2025 layoffs: List of companies cutting jobs worldwide and why it’s happening
Many big companies are cutting jobs in 2025. Tech, retail, finance, and energy firms are making layoffs as they try to save costs and adjust to new changes like AI and automation. While some roles are lost, new jobs in digital, data, and technology are also expected to grow in the coming years.
How did Kohl's stock jump 24% despite declining sales and ongoing CEO drama?
KSS stock today: Kohl's stock soared over 24% following a Q2 earnings report that surpassed Wall Street's forecasts, even with declining sales. Interim CEO Michael Bender attributed the sales dip to economic pressures, leading budget-conscious shoppers to opt for cheaper alternatives. The company is actively addressing these challenges by reintroducing popular features and adjusting its discount strategy.
Bitcoin hanging by a thread at $112,000 — analyst warns a major crash could be next
Bitcoin crash warning 2025: Bitcoin is facing downward pressure after breaching the $112,000 support level, prompting caution from analysts due to technical signals and on-chain data. A potential drop to $108,000 looms if $110,500 fails to hold, while Ethereum shows strength, attracting whale interest and potentially outperforming Bitcoin in the near term, according to Bitget CEO Gracy Chen.
SOCAR Turkey executive appointed new CEO of Nayara Energy
Nayara Energy, backed by Rosneft, has appointed Teymur Abasguliyev as its new CEO, replacing Alessandro Des Dorides, who resigned due to EU sanctions. Several other top officials also stepped down following the sanctions. Rosneft and Nayara have criticized the EU sanctions, deeming them unjust and harmful to India's energy security.
OPEN stuns Wall Street with 40% surge, 215% YTD — is Opendoor Technologies the future of real estate or a bubble about to burst?
Opendoor Technologies stock surge has grabbed Wall Street and retail investors’ attention, jumping to $5.01 on August 25, 2025. The rally stems from a mix of meme-stock hype, CEO change, AI integration, and favorable market conditions.
IndusInd Bank says progress made in fixing staff accountability
Rajiv Anand assumes leadership at IndusInd Bank, prompting the dissolution of the interim committee formed after the resignations of the previous CEO and deputy due to misaccounting of derivative trades. The bank has addressed legacy issues and control gaps during the interim period. IndusInd Bank is now focused on growth with enhanced governance under Anand's direction.
If hospitals come under regulatory ambit, the number of aggrieved customers will fizzle out: Mathur, MD & CEO, Universal Sompo General Insurance
Health regulations are required on a priority to enable higher transparency in hospital pricing and greater convenience for policyholders, says Sharad Mathur, MD & CEO, Universal Sompo General Insurance, in a conversation with Riju Mehta.
Churn at the top: Another housing finance chief quits, third in 3 weeks
The housing finance industry is experiencing significant leadership changes as three managing directors have resigned in recent weeks. Manish Jaiswal of Grihum, Girish Kousgi of PNB Housing Finance, and Monu Ratra of IIFL Home Finance are all departing. These leaders were crucial in scaling businesses and improving asset quality, and their exits may impact the home financiers.
Tesla’s $29 billion-dollar question: Who really signs off on world's richest man Elon Musk’s pay?
Tesla is facing renewed scrutiny after shareholder group SOC Investment Group urged Nasdaq to investigate the board’s $29 billion equity grant to CEO Elon Musk. The group argues the “2025 CEO Interim Award” sidestepped shareholder approval and may breach listing rules. The grant was created to replace Musk’s overturned $56 billion package from 2018 but lacks performance targets. SOC has long raised concerns about Tesla’s governance, board independence, and executive pay. The company has yet to respond publicly.
US labor, advocacy groups urge states to reject Tesla's $29 billion Musk pay
U.S. labor unions and progressive groups are pressuring state financial officers to oppose Elon Musk's new pay awards, arguing the excessive cost jeopardizes workers' retirement savings. They urge officials to push asset managers to reject the pay plans and demand stronger board independence at Tesla.
Dial reset, again: Tatas in talks to bring external CEO to lead Tata Digital
This will be the third chief to come on board at Tata Digital since the inception of the platform in 2019. The company, grappling with scale-up challenges, is set to appoint an external CEO to overhaul operations and streamline its consumer digital portfolio, including BigBasket and Tata Cliq. This decision follows the abrupt exit of former CEO Naveen Tahiliyani due to strategic disagreements.
Dial reset, again: External CEO to lead Tata Digital
Tata Digital, grappling with scale-up challenges and strategic disagreements, is set to appoint an external CEO to overhaul operations and improve alignment across its consumer digital portfolio. This decision follows the abrupt departure of former CEO Naveen Tahiliyani and reflects Chairman N Chandrasekaran's push for improved performance and profitability, emphasizing execution and synergy among verticals like BigBasket and Tata Cliq.
Election Commission publishes list of deleted 65 lakh electors from first SIR draft list after SC order
Vinod Singh Gunjiyal released details of electors removed from Bihar rolls. The Supreme Court directed providing deletion lists with reasons. The list includes those excluded from the draft roll published on August 1. Reasons include death, shifting, absence, or repeated entry. The list is available on the Bihar CEO website and district offices. Voters can search using EPIC numbers.
Opendoor CEO Carrie Wheeler quits suddenly, stock jumps 9% as Shrisha Radhakrishna steps in as new president
Open stock today: Opendoor Technologies CEO Carrie Wheeler's unexpected departure led to a 9% stock surge, adding to recent gains. Shrisha Radhakrishna steps in as interim leader while a formal CEO search, aided by Spencer Stuart, commences. Despite a Q2 revenue beat, EPS missed slightly, prompting mixed analyst reactions and new hedge fund investments.
World Economic Forum finds no evidence of wrongdoing by founder Klaus Schwab
The World Economic Forum's board concluded an investigation into Klaus Schwab, finding no evidence of material wrongdoing. This followed a whistleblower letter alleging misconduct, prompting the investigation in April. Schwab had previously announced his resignation as chairman, and Larry Fink and Andre Hoffmann have been appointed as interim co-chairs.
Godfather of AI envisions superintelligence with a mother’s instinct for a safe future: Powerful, smarter but unfailingly caring
Geoffrey Hinton suggests a novel approach to AI safety. He proposes instilling 'maternal instincts' in AI. This would ensure AI protects humanity. Hinton believes dominance tactics will fail. He envisions AI as a caring mother. This model, he argues, is crucial for a positive future. Other AI leaders suggest different approaches. They focus on human-centered design and collaboration.
DHFL case: Sebi bans Kapil Wadhawan, Dheeraj Wadhawan, four others from mkt; imposes Rs 120-cr fine
Sebi has barred former DHFL CMD Kapil Wadhawan, along with other executives, from the securities markets for up to five years due to fund diversion and fabricated books. Penalties totaling Rs 120 crore have been imposed, and they are restricted from key positions in listed companies.
Who is Patrick Joseph White, Georgia gunman who killed 2, and what was his motive?
Patrick Joseph White Georgia shooter: A shooting near the CDC headquarters and Emory University in Atlanta resulted in the deaths of a police officer and the suspected gunman, Patrick Joseph White. The incident prompted a large law enforcement response and a shelter-in-place order at Emory. The motive remains unknown as the investigation continues, with authorities examining the circumstances surrounding White's death.
US stocks gain as Trump's Fed nominee stokes dovish bets
Wall Street's main indexes opened higher on Friday as U.S. President Donald Trump's temporary pick for a Federal Reserve governor post fueled expectations of a more dovish central bank board.
Wrench in India’s gadget exports; OpenAI’s eye on India
Happy Friday! Growth in India’s electronics exports faces tariff threats from the US, its largest trade partner. This and more in today’s ETtech Morning Dispatch.
Former astronomer CEO Andy Byron faces $40,000 OnlyFans scandal following Coldplay kiss-cam fallout
Ex-Astronomer CEO Andy Byron faces scandal. Allegedly, he spent on OnlyFans. Wife Megan Kerrigan reportedly leaked messages. These messages suggest interactions with Sophie Rain. 'ColdplayGate' led to Byron's resignation. Sophie Rain sympathizes with Kerrigan. She offers support during this difficult time. Kerrigan retreats to Maine amidst the public scrutiny. Astronomer appointed Pete DeJoy as interim CEO.
WPP reports Q2 dip in India with 3.9% revenue decline
Advertising giant WPP experienced a slowdown in India during Q2 2025, with revenue declining by 3.9%. This dip contributed to a flat first-half performance of just 0.1% growth, a sharp contrast to the previous year. Globally, WPP faced challenges, with revenue declines attributed to client spending pressures.
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