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Tesla CEO Elon Musk just confessed that he thinks his 13% ownership stake in the electric vehicle manufacturer leaves him vulnerable to activist shareholders who could move to oust him from the $1 trillion company. Still, he admitted he shouldn’t have so much control over Tesla that the board can’t fire him if he goes … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asics and Mizuno will stop using kangaroo leather in their football boots as the sports equipment industry’s last major holdouts abandon a material beloved of elite stars such as Pelé, Diego Maradona and David Beckham. … Read more
COLUMBIA, S.C. (AP) — South Carolina’s Republican-dominated Senate and its elected Republican treasurer faced off Monday in an extraordinary hearing as senators try to kick state treasurer Curtis Loftis out of office over a $1.8 billion accounting error. The hearing is the culmination of over two years of investigation by the Senate that started when state accountants … Read more
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