By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) European Union antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction that riled up U.S. President Donald Trump. The fine, the fourth penalty Google has faced in its decade-long fight with EU competition regulators, follows bubbling trade tens ...
(Reuters) -Tesla outlined a $1 trillion compensation plan for CEO Elon Musk on Friday, which pays out if he is able to grow the EV company’s market capitalization from about $1.1 trillion to $8.5 trillion and to hit several operational targets. The award would vest in tranches and the last two quotas require a board‑approved CEO succession plan. Below are details about the proposal: STOCK-BASE ...
WASHINGTON (Reuters) -The Trump administration will enforce laws that require foreign workers have proper authorization to be in the United States, the White House said on Friday after immigration authorities raided a Hyundai facility in Georgia. "Any foreign workers brought in for specific projects must enter the United States legally and with proper work authorizations," said White House spokes ...
By Tom Hals WILMINGTON, Delaware (Reuters) -Elon Musk’s blow-out $1 trillion pay package from Tesla proves everything is bigger in Texas, especially under its new management-friendly law. Last year, Tesla reincorporated in the Lone Star State after a judge in its former corporate home, Delaware, ruled a $56 billion compensation for the CEO was "unfathomable" and unfair to shareholders. Musk ...