Tag: New York (state)

BusinessGovernance

Proxy Advisory Firm Recommends Tesla Shareholders Reject Musk’s $1 Trillion Compensation Proposal

A leading proxy advisory firm has recommended Tesla shareholders reject Elon Musk’s proposed $1 trillion compensation package, citing concerns about its “astronomical” size and lack of binding commitments. The recommendation comes ahead of Tesla’s November 6 annual meeting where investors will vote on the unprecedented award structure.

Proxy Adviser Opposes Musk’s Compensation Plan

Institutional Shareholder Services, a prominent proxy advisory firm, has recommended that Tesla investors vote against Elon Musk’s proposed $1 trillion compensation package, according to reports released Friday. The firm cited the “striking magnitude” of the award and expressed concerns about its structure.

by Darren Holt
BusinessStartups

Chobani Secures $650 Million Funding, Reaches $20 Billion Valuation Amid Expansion Plans

The popular Greek yogurt brand Chobani has reportedly secured $650 million in fresh funding, pushing its valuation to $20 billion. Sources indicate this capital will finance significant plant expansions in New York and Idaho, creating over 1,000 new jobs. According to reports, the company is on track to reach $3.8 billion in sales this year.

Chobani’s Major Funding Milestone

Chobani, the renowned Greek yogurt manufacturer, has reportedly secured a substantial $650 million funding round, according to recent financial reports. This investment reportedly pushes the company’s total valuation to an impressive $20 billion, marking a significant milestone for the yogurt industry leader. Sources indicate this capital infusion will accelerate the company’s ambitious expansion strategy across its manufacturing facilities.

by Mason Drayton