Advertisement Elon Musk has hit out at a Delaware judge's latest rejection of his mega pay package.The Tesla CEO said the ruling was "totally crazy" and "absolute corruption."Tesla said it would appeal the decision by the Court of Chancery judge.Elon Musk has hit out at a Delaware judge's latest rejection of his mega pay package.In posts on X, his social media platform, the world's richest person said the ruling was "totally crazy" and "absolute corruption."Advertisement The compensation plan was introduc ...

Advertisement AWS recently laid out growth plans for 2025 in internal documents.One of the initiatives is focused on working more with consulting firms.Accenture was among several consulting firms mentioned by AWS.Amazon Web Services wants to work more with consulting firms, including Accenture, part of a broader plan to spur growth in 2025, according to an internal planning document obtained by Business Insider.AWS is looking to expand work with external partners that can sell its cloud services to hundre ...

Advertisement BlackRock is nearing a deal to buy private credit firm HPS Investment Partners.HPS would be another major private markets deal for the $11.5 trillion money manager.BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth.Larry Fink is looking to close 2024 as he started it — by announcing a big acquisition that brings BlackRock closer to dominating private market investing.BlackRock, the $11.5 trillion asset manager, is reportedly nearing a deal to buy HPS Investm ...

Advertisement New survey data from Evercore suggests Netflix has room to raise prices.The percentage of subscribers who said they'd cancel in response to a price hike is well down.Almost half indicated more live content like the Paul-Tyson fight could keep them from canceling.Netflix's subscriber gains from its password-sharing crackdown could be waning, and some on Wall Street think it'll raise prices soon to keep its growth going.New survey data from Evercore ISI just added fuel to the theory. Its quarte ...

Advertisement Tesla told employees on its Cybertruck production line that they didn't need to report to work for the next three days.Regular scheduling will resume on Friday, the company told staff.Tesla shortened production hours for the Cybertruck line earlier this year.On Monday, Tesla notified workers at the Austin factory where it assembles the Cybertruck to take the next three days off, according to a memo viewed by Business Insider."On Tuesday, Wednesday, and Thursday this week (Dec. 3-5), you do no ...

Advertisement Intel CEO Pat Gelsinger is out of the top spot after a challenging 4-year tenure.The company's interim co-CEOs addressed the workforce Monday morning in an all-hands meeting.One Intel employee described the responses to questions as "vague" and the tone of the meeting as "damage control".On Monday morning, Intel employees joined an all-hands meeting after receiving an email invite at 5 a.m. PT.Accompanying the invite was the news that the company's CEO Pat Gelsinger had stepped down as of Sun ...

Advertisement A Delaware judge decided against reinstating Elon Musk's $56 billion pay package.Tesla shareholders approved Musk's pay package in June, after a judge voided it in January.Tesla's next steps could be to appeal the ruling or create an entirely new compensation plan.A Delaware judge has once again slapped down Elon Musk's pay package from Tesla."The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains ...

Advertisement Oracle shares are set for their best year since 1999 after a 75% surge.The enterprise-computing stock has benefited from strong demand for cloud and AI infrastructure.Oracle cofounder Larry Ellison's personal fortune has surged .Oracle has surged 75% since January, putting the stock on track for its best year since a tripling in 1999 during the dot-com boom.The enterprise-computing giant's share price has jumped from a low of about $60 in late 2022 to about $180, boosting Oracle's market valu ...

Core Viewpoint - Stellantis CEO Carlos Tavares has left the company effective immediately, a decision influenced by differing views between him and the board amid a stock slump [1][2][3] Group 1: Leadership Changes - Tavares' resignation was accepted by Stellantis' board of directors, who thanked him for his service and cited "different views" as the main reason for his departure [2] - Tavares had been CEO since the formation of Stellantis in 2021, following the merger of PSA Group and Fiat Chrysler Automobiles [3] - Despite previous unanimous support from the board for Tavares, recent weeks saw emerging differences that led to the decision for his immediate exit [3] Group 2: Company Performance - Stellantis has experienced a significant decline in profits and stock value this year, contributing to the leadership change [3]

Advertisement Elon Musk is seeking an injunction against OpenAI to stop its transition to a for-profit entity.It's part of Musk's suit against Sam Altman, which says OpenAI engaged in anticompetitive behavior.The injunction would block OpenAI's for-profit transition and partnerships with Microsoft.Elon Musk is trying to get the court to stop OpenAI's transition to a for-profit entity, a new filing shows.In a motion filed Friday, Musk's lawyers asked Judge Yvonne Gonzalez Rogers of the US District Court for ...