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tesla

Elon Musk’s $1 Trillion Pay Plan Faces Strong Opposition from Investors

A coalition of Tesla shareholders and some state officials is requesting investors to oppose Elon Musk’s 1 trillion compensation package when it goes before the company’s November meeting. The group includes SOC Investment Group and state treasurers for Nevada, New Mexico and Connecticut. They wrote a letter on Thursday to Tesla shareholders that called for…

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telstra

Australia Hits Telstra with $12 Million Dollar Fine Over Internet Speed Changes

Telstra, Australia’s largest telecommunications firm, was fined 18 million Australian dollars by the Federal Court for reducing internet speed plans for nearly 9,000 clients without informing them. The penalty was announced by the competition watchdog on Friday. The firm transferred 8,897 clients from its cheap brand Belong to slower internet plans and reduced their top…

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US

US Government Shutdown Enters Second Day with Mass Layoffs Threatened

The US government shutdown enters its second day with President Donald Trump stating Republicans have the opportunity to use this period to remove dead wood from federal departments. Trump posted online that he has a historic chance to review which Democratic departments need to be cut, temporarily or permanently. The White House reports mass layoffs…

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