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Major pension fund will vote against Elon Musk pay package

The head of a major pension fund said on Monday that he will vote against Elon Musk’s compensation proposal later this week. Christopher Eilman, chief investment officer at the California State Teachers Retirement System (CalSTRS), said in an interview with CNBC that the system opposes Musk’s compensation package, calling it “absurd.” As of June 2023, […]

Trump fumes over tech problems at his Las Vegas rally, threatens not to pay the crew

Former President Trump slammed the teleprompter operator for technical issues during a rally in Las Vegas on Sunday. “I don’t have a teleprompter. It’s been that way since the beginning,” Trump told supporters who gathered under the scorching sun to show their support. “I pay a lot of money to a teleprompter guy, and 20 […]

World’s largest wealth fund to vote against Musk’s $56 billion Tesla pay package

Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Tesla Inc.’s eighth-largest shareholder said it will vote against next week’s planned shareholder vote to approve a $56 billion compensation package for Chief Executive Officer Elon Musk. Norway’s $1.7 trillion sovereign wealth fund, which has criticised excessive […]

Alex Jones to liquidate assets to pay off $1.5B Sandy Hook judgment

Alex Jones plans to liquidate his assets to pay $1.5 billion in defamation damages from families of children killed in the Sandy Hook Elementary School shooting, who are suing him for saying the mass murder was a hoax. Jones, host of the popular website Infowars, has abandoned efforts to resolve a judgment related to his […]

Canada Imposes 5% ‘Contribution’ on Netflix, Other Online Streamers to Pay for Local Broadcasting

The Canadian Radio-television and Telecommunications Commission (CRTC) announced on Tuesday that it will require online streaming services such as Netflix, Hulu and Amazon Prime to “donate” five percent of their Canadian revenue to fund local broadcasting. The CRTC estimated that the payments would generate about $146 million in annual revenue for Canadian broadcasters. “Today’s decision […]

Inflation-Pinched Americans Will Pay More To Keep Cool This Summer, Report Projects

Ratepayers across the U.S. could see considerable increases in their utility bills this summer as the economy continues to struggle, according to a new report published by two energy-focused organizations. Home energy bills are expected to jump by nearly 8% this summer across the country, according to a new report by the National Energy Assistance […]

Political figures pay respects to Michelle Obama’s late mother

Political leaders are sending their thoughts to the Obama family and remembering former first lady Michelle Obama’s mother, Marian Robinson, following her death on Friday. Robinson died at age 86, her family said in a statement. The Chicago-born Robinson lived in the White House with former President Barack Obama during his presidency, but the family […]