Succession Plan
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Elon Musk Pay Package Vote: What's at Stake for Tesla?
Bloomberg Television· 2025-11-06 21:01
$1 trillion or must walks. Is that really what's on the line this evening. No, frankly, you know, the structure of the proposed package is complicated.It is a ten year proposal split into two tranches. And all told, the total compensation would be $1 trillion in dollar value. Right.But actually, what it is set against is a series of both operational and financial milestones. The operational ones are easy to understand. Musk has to deliver 20 million vehicles to customers, build a million robots, scale robot ...
Tesla Shareholders to Vote on Elon Musk Pay Package
Bloomberg Technology· 2025-11-06 20:42
$1 trillion or must walks. Is that really what's on the line this evening. No, frankly, you know, the structure of the proposed package is complicated.It is a ten year proposal split into two tranches. And all told, the total compensation would be $1 trillion in dollar value. Right.But actually, what it is set against is a series of both operational and financial milestones. The operational ones are easy to understand. Musk has to deliver 20 million vehicles to customers, build a million robots, scale robot ...
Nearing $1B, An RIA CEO Steps Aside as Part of Succession Plan
Yahoo Finance· 2025-11-04 20:27
Core Insights - Eric Brotman, CEO and founder of BFG Financial Advisors, is stepping down to focus on the firm's growth, with a planned internal succession rather than an acquisition [1][3] - The firm is on track to reach $1 billion in client assets by early 2026, aided by its third acquisition [3] - Brotman has been gradually selling shares to junior shareholders since 2003 to ensure a sustainable transition and to empower employees [2][3] Company Structure and Succession - Lena Nebel, the former president and COO, will assume the CEO role, while Brotman will become the chief growth officer [3] - BFG Advisory has 23 employees, with Brotman owning approximately 52% of the firm and Nebel holding 27% [5] - Shareholder votes are required for decision-making, preventing unilateral actions by Brotman or smaller shareholders [5] Industry Context - Many small to mid-tier firms lack a written succession plan, highlighting a gap in the industry [4] - There are RIA aggregators and consultancies offering succession tracks with external capital, indicating a growing market for succession planning [4] - Brotman emphasizes the importance of legacy and employee involvement in the firm's future, contrasting with the trend of selling to private equity [5]
Tesla's Denholm on Musk's Pay Package and His Future at Company
Bloomberg Technology· 2025-10-28 16:13
Who are you meeting with and what thus far has been the response been to this pay package that could see loan paid as much as $1,000,000,000,000 one. Well, thank you for having me today. Yes.As part of our annual shareholder meeting, I met with the top investors in Tesla on the institutional side and obviously also talk to retail investors through forums like this this morning to to encourage everybody to vote, but also to answer any questions that they have. From a board perspective, we really like to enga ...
Tesla Board Chair Denholm on Musk's Pay Package, Future at Company
Bloomberg Television· 2025-10-28 15:59
Who are you meeting with and what thus far has been the response been to this pay package that could see loan paid as much as $1,000,000,000,000 one. Well, thank you for having me today. Yes.As part of our annual shareholder meeting, I met with the top investors in Tesla on the institutional side and obviously also talk to retail investors through forums like this this morning to to encourage everybody to vote, but also to answer any questions that they have. From a board perspective, we really like to enga ...
Giorgio Armani names Giuseppe Marsocci as new CEO
Yahoo Finance· 2025-10-17 14:37
Core Insights - Italian luxury fashion house Giorgio Armani has appointed Giuseppe Marsocci as the new CEO following the death of founder Giorgio Armani in September 2025 [1][2] - Marsocci will lead the company's transition in line with the founder's succession plan, which includes a planned sale of an initial 15% stake within the next 18 months [2] - Silvana Armani, the niece of the founder, has been appointed as vice-president [2] Company Background - Giorgio Armani was established in Milan, Italy, in 1975, with Giorgio Armani serving as both chairman and CEO until his passing [1] - Marsocci has over three decades of experience in the fashion and luxury industries, including 23 years with the Armani Group [2] Leadership Experience - Since joining the company in 2003, Marsocci has held various senior roles, including commercial director of Armani Collezioni and CEO of the group's Swiss operations [3] - He served as CEO of the Giorgio Armani Corporation Americas from 2014 to 2019, spending over ten years in the US [3] - Prior to joining Armani, Marsocci worked at GFT Group, a licensee for several luxury brands [3] Regulatory Issues - In August 2025, the Italian Competition Authority fined Giorgio Armani and its unit GA Operations €3.5 million (approximately $4 million) for deceptive commercial practices related to ethical claims [4]
LCNB Corp. Solidifies Leadership Team to Support Growth
Businesswire· 2025-10-08 17:00
Core Viewpoint - LCNB Corp. has announced leadership promotions as part of its succession plan, aimed at enhancing management depth and supporting long-term strategic growth [1] Group 1: Leadership Changes - The company is implementing several leadership promotions to strengthen its management structure [1] - These changes are part of a comprehensive succession plan that reflects the company's commitment to growth [1] Group 2: Strategic Growth - The leadership enhancements are designed to support a larger and more complex business environment [1] - The moves indicate the success of LCNB's multi-year growth plan, as evidenced by an increase in total assets managed [1]
X @Bloomberg
Bloomberg· 2025-06-27 08:00
A Hong Kong family dynasty in turmoil, with no known succession plan and billions in debt as China’s property crisis continues. How will one of Asia’s richest families navigate these uncertain waters? https://t.co/ITtjOaYwel https://t.co/ojBZKpkiFD ...
James River Announces Excess and Surplus Lines Leadership Retirement and Succession Plan
Globenewswire· 2025-05-05 20:05
Core Viewpoint - James River Group Holdings, Ltd. announces the retirement of Richard Schmitzer as President and CEO of the Excess and Surplus Lines segment, with Todd Sutherland set to succeed him effective May 5, 2025 [1][2][4] Leadership Transition - Richard Schmitzer will step down as CEO on July 31, 2025, after over 45 years in the insurance industry, and will retire in the fourth quarter of 2025 [1][2] - Todd Sutherland, currently Senior Vice President of Management Liability, will take over as President of the E&S segment and will report directly to CEO Frank D'Orazio [1][3][4] Todd Sutherland's Background - Todd Sutherland joined James River in 2023 to establish the Management Liability division and has over 30 years of industry experience [3] - Prior to joining James River, Sutherland held significant roles at AXA XL and Allied World Assurance Company, overseeing multi-billion-dollar portfolios [3] Company Strategy and Future Outlook - The transition aims for a seamless leadership change while continuing to execute on strategic priorities for profitable growth in the E&S segment [2][4] - Sutherland expresses commitment to delivering exceptional products and best-in-class service as he leads the business forward [4] Company Overview - James River Group Holdings, Ltd. is a Bermuda-based insurance holding company operating in specialty property-casualty insurance segments, rated "A-" (Excellent) by A.M. Best Company [7]