CEO Financial News

Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals.

Several high-profile candidates have turned down the chance to run Boeing, complicating the jet maker’s search for a new leader amid discussions about whether the next CEO needs to be based near its Seattle-area factories. Boeing CEO David Calhoun said in March he would step down by the end of the year. GE Aerospace CEO Larry Culp, widely considered a natural for the job, declined Boeing’s request to consider taking over, said people familiar with the discussions.

AI professionals in the country are commanding as much as a 40-80% salary premium compared to traditional IT roles, experts and staffing firms told ET. Roles such as AI research scientist, AI marketing specialist, chatbot specialists, cybersecurity AI, computer vision engineer, robotics engineer along with AI ethics specialist are high in demand as companies scramble to fill new and specialised roles in AI.

Nifty embarks on the first principle of trend following as the uptrend is likely to continue. Post a dramatic wave of volatility comes a time of complacency, as Vix cools off, and investors readjust to all the sentiments that were out during the last two weeks. The breadth looks positive with more than 70% of stocks in the broader universe above their key short-term and mid-term Moving averages pointing to upside bias while the Advance decline percent has seen a thrust above 75 indicating strong momentum.

They say entrepreneurs comprise their own unique breed. Well, apparently those differences from traditional employees extend to financial planning as well, according to Michael Lehman, CEO of Premier Wealth Partners.

After months of speculation, Fisher Investments said over the weekend it had sold up to 23.5% of the $275 billion registered investment advisor to a group of investors, and, after doing some quick math, market players and participants placed a valuation of the firm in neighborhood of 15.5 time EBITDA, or earnings before interest, taxes, depreciation and amortization.

Scooter Braun, one of the most recognizable names in the music business known for representing artists like Justin Bieber and Ariana Grande, will no longer work as a music manager

will establish India’s presence on a strategic route considered to be the main gateway for shipments from the Indian subcontinent to Europe. “The use of the International North-South Corridor (INSTC) and the Chabahar port would be quite beneficial, and coking coal is among the key mineral resources along with few others from central Asia being looked at for sourcing by India via this route," one of the persons cited above said on condition of anonymity. The INSTC is a 7,200-km network of ship, rail, and road routes being developed to move freight between India, Iran, Azerbaijan, Russia, Central Asia and Europe.

AlphaCore Wealth Advisory, a La Jolla, California-based independent wealth firm, is looking to go national by tapping an LPL alum to a key C-suite role.

Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the company, with effect from June 15, 2024, Jindal Stainless Ltd (JSL) said in a release. «Jindal Stainless acquires remaining 46 per cent equity stake in Chromeni Steels Private Ltd. The transaction entails a total outlay of Rs 278 crore, comprising payment towards equity transfer and payment of shareholders' debt,» it said.

As part of the transition, Emma Mogford and Mahgul Ansari will replace Barnett as managers of the TM Tellworth UK Income and Growth fund, with the change effective from today (17 June). Mogford and Ansari currently manage the Premier Miton Monthly Income fund and the Premier Miton Optimum Income fund. Having joined the Premier Miton team in 2020, Mogford was awarded fund manager of the year (small to medium firms) at Investment Week's Women in Investment Awards 2023. Premier Miton shutters sustainable European fund after three years Mike O'Shea, CEO of Premier Miton, said: «Investo...

Lupin said it has entered contract development and manufacturing organisation (CDMO) business, with newly formed subsidiary, Lupin Manufacturing Solutions (LMS). The company on Monday named Abdelaziz Toumi (Abdel) as the chief executive officer of LMS. LMS will engage in the development, manufacture and sale of active pharmaceutical ingredients and is starting to build its CDMO.

Fisher Investments has announced that two new investors will be taking a minority stake in the firm.

Nothing OS 3.0 is set to include customizable lock screens with integrated widgets, adding a new level of personalization for users. Another intriguing addition is a dot animation feature, briefly hinted at in a separate post.

Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison

Google CEO Sundar Pichai has testified briefly at the federal financial conspiracy trial surrounding the collapse of once-touted startup Ozy Media

Global fintech provider Asset-Map is helping its US advisor users incorporate more tax planning into their client conversations through a new integration with Holistiplan.

dairy brand, on Monday announced the appointment of Sunil Potturi as the new Chief Technology Officer (CTO). With over twenty years of experience in consulting, product development, strategy, and operations management, Sunil brings a wealth of expertise to the team. His strong business management and technology background is set to drive Sid's Farm towards its goal of continuous innovation and growth. Throughout his career, Sunil has demonstrated the ability to lead digital transformations and successful product launches across multiple companies. His skills in product management, client relationship management, programme and portfolio management, and building high-performance global teams will help in the expansion of the technological capabilities of Sid's Farm. Kishore Indukuri, Founder of Sid's Farm said «Sunil's strategic vision and passion for technology perfectly align with our mission to deliver high-quality products and services. Sunil's extensive experience will be instrumental in driving our future growth and innovation.»

Sattar has led the social investment arm of the Big Issue Group since 2018 and has over thirty years of experience in social investment. Prior to joining the Big Issue Group, he worked for the Joseph Rowntree Foundation as its head of social investment, where he managed the foundation's social investment fund. He also had tenures at Big Society Capital, Access Foundation for Social Investment and Esmee Fairbairn Foundation. The founder of the Big Issue and crossbench peer in the House of Lords, John Bird, said: «Bravo Danyal on your OBE. I am pleased that his 30 years of service to so...

₹249 every month. The rest of the platform remains free for transactions. In 2023, Sebi introduced a circular asking RIA platforms with transaction-only clients to move to so-called execution-only platform (EOP) status.

Edited excerpts: Though the market is a bit volatile at this point, those who adopt a long-term perspective are likely to see good returns and achieve significant wealth creation for themselves and their families. Additionally, after analyzing the last eight elections since 1991, I have observed an interesting pattern: there's often a feverish speculation among investors about the election outcome. However, in the long term, the market stabilizes based on the financial performance of companies, macroeconomic factors, and turning points of sectors.