Tag: Shareholder

BusinessGovernance

Proxy Advisor ISS Opposes Musk’s $1 Trillion Tesla Compensation Package

Leading proxy advisor ISS has recommended Tesla shareholders vote against Elon Musk’s proposed $1 trillion compensation package, calling the award “astronomical.” The recommendation comes as Tesla prepares for its November annual meeting where investors will decide on the controversial pay plan.

Proxy Advisor Opposes Musk’s Compensation Package

Institutional Shareholder Services (ISS), one of the most influential proxy voting advisory firms, has recommended that Tesla investors reject a proposed compensation package for CEO Elon Musk that could grant him nearly $1 trillion in additional stock, according to reports released Friday. The recommendation comes ahead of Tesla’s scheduled November 5 annual shareholder meeting, where investors will vote on the “mega performance equity award” designed to retain Musk long-term.

by Bennett Laura
BusinessPersonal Finance

Honeywell Returns $44 Billion To Shareholders Despite Market Headwinds

Honeywell International has reportedly returned $44 billion to shareholders through dividends and stock buybacks over the past decade. Despite market challenges, the industrial conglomerate continues its shareholder returns with a recent 5% dividend increase and substantial buyback activity.

Honeywell’s Decade-Long Shareholder Returns Reach $44 Billion

Industrial conglomerate Honeywell International has reportedly returned approximately $44 billion to its shareholders through dividends and share repurchases over the past decade, according to recent analysis. Despite facing market headwinds in 2025, sources indicate the company has maintained its commitment to shareholder returns while navigating broader industrial sector challenges.

by Bennett Laura
Business

Premier Group Acquires RFG Holdings in Major JSE Share Swap Deal

JSE-listed Premier Group will acquire convenience meals company RFG Holdings through a share swap arrangement. The transaction will see RFG shareholders collectively owning approximately 22.5% of the enlarged Premier Group, with RFG subsequently delisting from the JSE.

Major Food Industry Consolidation Through Share Exchange

In a significant development within South Africa’s food production sector, Premier Group will acquire RFG Holdings through a stock swap arrangement that will result in RFG shareholders collectively owning about 22.5% of the enlarged entity, according to reports from both companies. The transaction, which requires regulatory approvals, represents one of the larger recent consolidations in the fast-moving consumer goods sector.

by Bennett Laura
BusinessLegal Careers

Tesla Appeals to Delaware Supreme Court to Reinstate Musk’s $56 Billion Compensation Package

Tesla’s legal team has urged the Delaware Supreme Court to reverse a lower court decision that rescinded Elon Musk’s record $56 billion compensation package. The case represents one of the most significant corporate legal battles in recent history, with potential implications for Delaware’s corporate law framework and shareholder rights.

Tesla’s Supreme Court Appeal Over Musk Compensation

Attorneys for Tesla presented arguments before the Delaware Supreme Court this week, seeking to restore CEO Elon Musk’s $56 billion compensation package that was rescinded by a lower court earlier this year. According to reports from the courtroom, Tesla’s legal team characterized the 2023 shareholder vote to ratify the pay package as “the most informed stockholder vote in Delaware history.”

by Bennett Laura