Key Takeaways NVO surged after Parvus Asset Management raised its stake to influence the CEO succession process. NVO will present positive data from STEP UP, REDEFINE 1 and 2, and amycretin trials shortly. Novo Nordisk faces extreme pressure from LLY in obesity care.Shares of Novo Nordisk (NVO) gained 5% on June 10, following a report that activist hedge fund Parvus Asset Management is building a stake in the company.Per the Financial Times, this London-based hedge fund, Parvus Asset Management, is raisin ...

Core Viewpoint - A group of major Tesla shareholders is urging CEO Elon Musk to refocus on the company due to declining sales, reputational damage, and his increasing external commitments [1][4][9]. Group 1: Shareholder Concerns - Investors are demanding that Musk commit at least 40 hours per week to Tesla and implement new governance policies to limit external commitments of directors [2][4]. - The letter highlights serious concerns regarding Tesla's stock price volatility, declining sales, and negative reports about the company's human rights practices [4][9]. - Shareholders controlling 7.9 million Tesla shares signed the letter, criticizing the board for not acting in the best interest of all shareholders [9]. Group 2: Sales and Market Performance - Tesla's sales have significantly declined, with European deliveries in April down nearly 50% year-over-year, and first-quarter global EV sales also showing a year-over-year decline [7]. - The company's stock has fallen 12% in 2024, underperforming the Nasdaq, which is down about 1% during the same period [7]. Group 3: Reputational Issues - Tesla's public image has deteriorated, dropping from a top 10 admired US brand to 95th in the Axios Harris Poll, trailing behind six other automakers [8]. - The decline in reputation is partly attributed to Musk's political activities, including a nearly $300 million donation to pro-Trump efforts and a controversial endorsement of Germany's far-right AfD party [8]. Group 4: Governance and Board Independence - Investors are calling for a formal CEO succession plan and the addition of at least one independent board member with no ties to Musk or his allies [2][9]. - Concerns have been raised about the independence of the board following the announcement of Jack Hartung, a new board member who previously worked with Musk's brother [11][12].

JPMorgan CEO Jamie Dimon said on Monday that the company's board is thinking about succession, but he stopped short of saying who will take his place. Dimon instead emphasised the importance of maintaining JPMorgan's culture, no matter who helms it. "If I'm here for four more years and maybe two more or three, executive chair or chairman, that's a long time," Dimon said. "But to me, the most important thing, when it gets handed over, you have real teams, real cultures, and hopefully keep on building it. If ...

Highlights the Board's Critical Skills and Experience Needed to Choose the Company's Next CEO and Drive Future GrowthDetails How H Partners' Disingenuous Attacks on the Company's Strategy and Governance are Putting Shareholder Value at RiskUrges Shareholders to Vote "FOR ALL" Harley-Davidson Director Nominees on the WHITE Proxy Card TODAYVisit www.VoteHarleyDavidson.com to Learn MoreMILWAUKEE, May 5, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) Monday sent a le ...

Tesla and Elon Musk are pushing back against a report claiming the company’s board launched a search for a successor to the mercurial CEO last month as he spent time away from the company leading President Trump’s Department of Government Efficiency.The Wall Street Journal reported late Wednesday that the board had reached out to executive search firms to initiate a formal process to identify potential replacements for Musk as the electric car maker grapples with slowing sales, shrinking profits and a bruis ...

ToplineElon Musk and the chair of Tesla’s board strongly denied a Wall Street Journal report that said the carmaker’s board began a search for a new CEO to take over from Musk amid concerns about the company’s plunging stock price while the billionaire was heavily involved in President Donald Trump’s administration, but to cut down the size of the federal government.Tesla CEO Elon Musk told investors last week that he will be "allocating far more of my time" to the ... More company and cutting back his invo ...

Tesla has denied a report that its board sought to replace Elon Musk as its chief executive amid a backlash against his rightwing politics and declining car sales.Robyn Denholm, the chair of the board at the electric carmaker, said in a statement on Tesla’s social media account on X: “Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company.“This is absolutely false (and this was communicated to the media before ...

Goldman Sachs shareholders voted to approve pay packages, including hefty retention bonuses, for top executives CEO David Solomon and president John Waldron.They also voted in favor of other management proposals including the election of the firm’s board of directors, according to a preliminary voting count announced during a virtual shareholder meeting in Dallas.Proxy adviser Glass Lewis had earlier recommended investors cast vote against the compensation plans, citing the bank’s “continued inability to al ...