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Tesla grants $30 billion in shares to Musk

Tesla awards $30bn in shares to Elon Musk after his threat to leave the company over stock concerns

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Tesla awards $30bn in shares to Elon Musk after his threat to leave the company over stock concerns

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In Short:
– Tesla’s board approved granting 96 million shares to Elon Musk after his threat to leave.
– The decision aims to retain Musk’s leadership amid his legal issues and concerns about control within the company.
Tesla’s board approved granting 96 million shares, worth approximately $30 billion, to Elon Musk following his threat to leave the company if he did not receive more stock.
The decision was recommended by a special committee, consisting of chair Robyn Denholm and Kathleen Wilson-Thompson, and subsequently approved by the board.Banner

The company stated in a letter to shareholders that retaining Musk is crucial and that this award aims to incentivise his continued leadership.

Musk’s ongoing legal battle in Delaware over a previous pay package – a $56 billion deal deemed excessive by a judge – has contributed to his recent threats of leaving.

Control Issues

Musk expressed concerns about his influence within Tesla, explaining the need for a balance of control to ensure the company’s positive direction while allowing for accountability.

If his previous pay package is reinstated, his ownership in Tesla could rise from nearly 13% to over 20%. Musk would pay $23.34 per share for the restricted stock.


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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Australia issues evacuation advisory for diplomats and citizens in the Middle East

Australian diplomats’ families in Israel and Lebanon urged to evacuate amid rising tensions; all Australians advised to leave soon.

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Australian diplomats’ families in Israel and Lebanon urged to evacuate amid rising tensions; all Australians advised to leave soon.

Families of Australian diplomats in Israel and Lebanon have been ordered to evacuate as tensions in the region continue to rise. The government is prioritising the safety of its personnel and their families.

All other Australians have been urged to leave while commercial flights and other travel options are still available. Authorities are emphasising the importance of acting quickly before options become limited.

The Department of Foreign Affairs and Trade has warned that the security situation in the Middle East remains unpredictable and volatile.


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Trump signals possible action on Iran nuclear threat

Trump warns Iran on nuclear weapons and highlights threats, as US boosts military presence amid stalled talks.

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Trump warns Iran on nuclear weapons and highlights threats, as the US boosts military presence amid stalled talks.

President Donald Trump laid out a strong warning to Iran during his State of the Union address. He labelled Tehran as the world’s biggest sponsor of terrorism and signalled that the U.S. might take action if Iran continues its nuclear ambitions.

Trump emphasised that Iran’s missile and nuclear programs, along with its backing of militant groups, pose serious threats to regional stability.

This comes amid growing concerns over Iran’s nuclear developments and the stalled diplomatic efforts to curb them.


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Qantas announces 8,500 jobs and frequent flyer changes

Qantas announces 8500 new jobs and frequent flyer program revamp after record half-year profit of $1.46 billion

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Qantas announces 8500 new jobs and frequent flyer program revamp after record half-year profit of $1.46 billion

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In Short:
– Qantas reported a $1.46 billion half-year profit, planning to create 8,500 jobs by 2030.
– Frequent Flyer program changes include earning status credits on the ground and rolling over excess credits.

The Qantas Group reported a record half-year profit of $1.46 billion for the first half of the 2026 financial year, an increase of $71 million compared to the previous period. The airline plans to create 8,500 jobs by 2030 and re-establish a cabin crew base in Singapore, along with new initiatives for frequent flyers.Statutory profit after tax rose to $925 million, allowing shareholders to receive a fully franked dividend of 19.8 cents per share.

The current underlying profit surpasses the record set in 2023 under former CEO Alan Joyce. Chief executive Vanessa Hudson highlighted a commitment to customer, employee, and shareholder satisfaction while emphasizing ongoing investments in fleet renewal.

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As Qantas adds new aircraft to its fleet, it anticipates the creation of jobs, including 3,500 additional cabin crew and 1,000 pilots.

A new Jetstar cabin crew base will open in Perth later this year, generating 90 roles, while Singapore is expected to accommodate 400 cabin crew members.

Qantas CEo Vanessa Hudson.

Frequent Flyer Changes

Qantas will implement significant changes to its Frequent Flyer program. Members can now earn status credits on the ground through credit cards and program partners.

They will also have the option to rollover up to 50% of excess status credits from one year to the next.

Hudson stated the overhaul aims to enhance flexibility and recognition for members amid a changing loyalty landscape.


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