Category: Business

BusinessGovernance

Proxy Advisory Firm ISS Recommends Against Musk’s Massive Tesla Compensation Package

Institutional Shareholder Services has recommended Tesla investors vote against Elon Musk’s unprecedented compensation package valued at over $1 trillion. The proxy firm expressed concerns about the award’s magnitude and lack of explicit requirements to ensure Musk focuses on Tesla amid his multiple ventures.

Proxy Advisor Opposes Musk’s Compensation Plan

Institutional Shareholder Services (ISS), a leading proxy voting advisory firm, has recommended Tesla shareholders reject CEO Elon Musk’s proposed compensation package, reportedly valued at approximately $1 trillion, according to recent reports. This marks the second consecutive year that ISS has urged investors to vote against a pay package for Musk, with the firm citing “unmitigated concerns” about the plan’s scale and structure.

by Henry Blakemore
BusinessGovernance

Proxy Advisor ISS Urges Tesla Investors to Reject Musk’s Massive Compensation Package

Leading proxy advisor ISS has recommended Tesla investors reject CEO Elon Musk’s proposed compensation package that could grant him up to $1 trillion in additional stock. The advisory firm cited concerns about the award’s “astronomical” size and design despite acknowledging the ambitious performance targets.

Proxy Advisor Opposes Musk’s Compensation Plan

Institutional Shareholder Services (ISS), one of the most influential proxy voting advisory firms, has recommended that Tesla investors vote against a compensation package for CEO Elon Musk that could reportedly be worth nearly $1 trillion, according to analysis published Friday. The recommendation comes ahead of Tesla’s scheduled November 5 annual shareholder meeting and proxy vote.

by Henry Blakemore
BusinessLegal

Scale AI Settles Worker Misclassification Lawsuits in California, Shifts Hiring Practices

Scale AI has reportedly agreed to settle multiple lawsuits from California contractors who alleged they were misclassified and underpaid. The company has since stopped hiring California gig workers as it faces additional legal challenges and regulatory scrutiny.

Scale AI Reaches Settlement in Contractor Lawsuits

Scale AI has agreed to settle four lawsuits filed by former California-based workers who alleged they were illegally classified as contractors rather than employees, according to court documents reviewed by Business Insider. The San Francisco-based company, which plays a crucial role in training artificial intelligence models, reportedly reached settlements with all plaintiffs across the four cases, though specific terms remain undisclosed pending judicial approval.

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AIBusiness

AI Industry Explores Adult Content Market as OpenAI Signals Policy Shift

Major AI companies are exploring opportunities in adult content markets as OpenAI signals potential policy changes. The emerging sector faces complex legal and ethical challenges while attracting significant user interest.

AI Companies Eye Adult Content Market Expansion

The artificial intelligence industry is increasingly exploring adult content as a potential growth market, with OpenAI recently indicating a possible policy shift regarding mature content, according to reports. This development comes as numerous technology firms have already experimented with sexualized AI applications since the initial surge in AI-generated content began in 2022.

by Henry Blakemore