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Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’

In Brief With Tesla shareholders set to vote on a proposed 10-year, $1 trillion compensation package for CEO Elon Musk in November, board chair Robyn Denholm spoke to The New York Times to defend what would be the largest pay package in corporate history. Denholm, who was also on the special committee that put the compensation proposal together, argued that Musk needs to be motivated by extraordinary challenges tied to extraordinary compensation. At the same time, she suggested he’s less inter

The Biden-Era Plan to Pay Travelers for Airline-Caused Delays Is Dead

For a brief moment, it looked like US travelers might finally get automatic cash when an airline's own problems wrecked their plans. The Department of Transportation, under former President Joe Biden, drafted a rule requiring carriers to pay passengers at least $200 and up to $775 for the longest holdups. The compensation would cover meals, hotels, ground transport and rebooking when disruptions were within the airline's control. But no longer. On Sept. 5, the Trump administration's DOT offici

Tesla awards Musk $29 billion in shares with prior pay package in limbo

Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company over the weekend. The shares would be worth about $29 billion. Tesla stock climbed about 2% Monday. The company said in a filing Sunday that the pay package would vest in two years as long as Musk continued as CEO or in another key executive position. The new award would be forfeited if the legal battle over his 2018 compensation ends with Musk being able to exercise the larger pay package, which was va

The Hidden Cost of OpenAI’s Genius

OpenAI is the undisputed poster child of the AI revolution, the company that forced the world to pay attention with the launch of ChatGPT. But behind the scenes, a desperate and wildly expensive battle is raging, and the cost of keeping the company’s geniuses in-house is becoming astronomical. According to a recent report from The Information, OpenAI revealed to investors that its stock-based compensation for employees surged more than fivefold last year to an astonishing $4.4 billion. That fig