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Businesscorporate Governance

All articles tagged with #businesscorporate governance

"Pressure to Take Drugs with Elon Musk: Inside the Tesla Boardroom"
businesscorporate-governance2 years ago

"Pressure to Take Drugs with Elon Musk: Inside the Tesla Boardroom"

Some Tesla board members reportedly felt pressured to take drugs with CEO Elon Musk, with concerns raised about the close personal and financial ties between directors and Musk, including parties, vacations, and large investments in each other's companies. The report also highlighted concerns about Musk's alleged drug use, including cocaine, ecstasy, LSD, magic mushrooms, and prescription ketamine, with some board members and friends feeling pressure to partake in drug use at parties. Despite these allegations, Musk has denied the need for rehab, and both Tesla and SpaceX have not responded to requests for comment. The potential impact of Musk's and board members' alleged drug use on the companies includes concerns about erratic behavior, legal violations, exposure to blackmail, and potential effects on government contracts and security clearances.

Exxon Mobil's Legal Battle with Shareholders Over Climate Proposals
businesscorporate-governance2 years ago

Exxon Mobil's Legal Battle with Shareholders Over Climate Proposals

Exxon has filed a lawsuit seeking to ignore a shareholder resolution aimed at compelling the company to reduce its carbon emissions, reflecting a shift in shareholder activism and increasing focus on environmental concerns. The resolution, proposed by activist investors, calls on Exxon to address its Scope 3 emissions, which result from the use of its products. This move highlights the changing landscape of corporate governance and the growing influence of shareholders in pushing for ethical and environmental considerations.