Succession plans at luxury giant LVMH are seldom discussed within the controlling Arnault family, according to remarks by CEO Bernard Arnault's wife published in France's Liberation newspaper on Thurs... ...

Core Viewpoint - The discussion centers around Elon Musk's potential increase in his stake in Tesla to 25% and the implications for investor confidence and corporate governance Group 1: Investor Sentiment - Investors are generally confident that Elon Musk will meet the milestones set by the board, with a notable 75% support for his compensation package, which is considered exceptionally high [2][3] - Concerns exist among institutional investors, such as CalPERS, regarding Musk's control and the associated key man risk, especially if he were to increase his stake to 25% [4][5] Group 2: Compensation and Control - The current compensation plan includes provisions linked to a succession plan, addressing concerns about Musk's key man risk [6] - The ability for Musk to maintain control at 25% is viewed as a protective measure against activist shareholders who may not align with Tesla's mission [8][9] Group 3: Institutional Concerns - Institutional investors may not fully understand Tesla's mission, leading to votes against the company's interests, which could strengthen activist movements [8] - The board's neutral stance on recommendations has led to a significant number of abstentions from retail shareholders, indicating a lack of clear guidance [17][19] Group 4: Future Growth and Vision - There is a strong belief in Musk's unique capability to drive Tesla's long-term vision, including advancements in electric vehicles and potential ventures into chip manufacturing [12][13] - The discussion highlights skepticism about whether another CEO could achieve similar growth and milestones as Musk [14]

Core Viewpoint - The proposed compensation package for Elon Musk is valued at $1 trillion, structured over ten years and contingent on achieving specific operational and financial milestones [1][4]. Operational Milestones - Musk must deliver 20 million vehicles, build 1 million robots, and scale the robotaxi service to 1 million cars [2]. Financial Targets - The financial targets include adjusted EBIT and market cap goals, with compensation tied to the achievement of these milestones [3]. Governance and Voting Power - The compensation package is all-or-nothing, with mandatory goals that must be met, raising concerns among investors about Musk's voting power and the board's reliance on him [4][5]. Key Man Risk - Institutional investors, including Norway's sovereign wealth fund and CalPERS, have expressed concerns about the "key man risk," emphasizing the over-reliance on Musk for the company's success [8][9]. Succession Planning - A significant change in the current package is the requirement for Musk to participate in a succession plan, which includes finding a successor by the end of the ten-year term [11][12]. Shareholder Proposals - A non-binding shareholder proposal is under consideration, which raises questions about Tesla's financial involvement in other ventures, particularly those that may not be profitable [16][17].

You've acknowledged that there is a very real risk that Ireland leaves if the vote is a no. The question we get most often from shareholders to you is what's the plan B. Either is there a plan B. Is a different person stepping up.Or have you discussed with Elan the idea that it will result in a no vote and that you can use some kind of bridging mechanism, another interim pay award, for example. Well, he's been quite public in terms of the implications of a no vote being on his leadership as well as on the o ...

Core Viewpoint - Precision Drilling Corporation has appointed Mr. Carey Ford as the new President and Chief Executive Officer, succeeding Kevin Neveu, who has retired after 18 years in the role [1][6]. Leadership Changes - Mr. Ford has been with Precision since 2011 and served as Chief Financial Officer since 2016, where he has strengthened investor confidence and guided the company's financial strategy [2]. - The Board has also appointed Gene Stahl as Chief Operating Officer, who has over 28 years of experience with the company, and Dustin Honing as Chief Financial Officer, who has nearly 15 years of experience at Precision [4]. Strategic Direction - Mr. Ford expressed enthusiasm for his new role and emphasized the company's commitment to serving customers and operating safely, while also looking forward to guiding Precision into its next growth phase [3]. - The Board expressed full confidence in Mr. Ford's leadership and highlighted the company's focus on advancing its technology-driven strategy and delivering sustainable long-term value for stakeholders [5]. Company Overview - Precision is a leading provider of safe and environmentally responsible services to the energy industry, with a focus on High Performance and High Value services [7]. - The company offers an extensive fleet of Super Series drilling rigs and has developed a digital technology portfolio known as Alpha, which utilizes advanced automation software and analytics [7]. - Precision is headquartered in Calgary, Alberta, Canada, and is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange [8].

Succession Planning - The death of Singapore's second richest man, Gushing Young, resulted in six of his grandchildren becoming billionaires through inheritance [1] - Gushing Young, who passed away at 98, implemented a clear succession plan, distributing assets and control among his second and third generations [1] - The distribution of assets to the third generation was agreed upon by all involved, while voting control (91% of voting rights) within the Japanese listed company (Nippon Paint Holdings) remains with the eldest son, the chairman of the company [7][8] Family Wealth & Assets - The six grandchildren inherited stakes in Nippon Paint Holdings, a large conglomerate built by Gushing Young [3][4] - Each of the six grandchildren is now a billionaire [5] - The family owns a mega yacht named White Rabbit, and it is unknown which family member will inherit it [8][9] Corporate Governance - The succession plan was well-structured and implemented several months before Gushing Young's death [6] - There were no disagreements or misunderstandings among family members regarding the distribution of assets [6] - Decision-making control remains within the second generation, specifically with the eldest son who is the chairman of Nippon Paint Holdings [7]