Tesla’s Musk wins shareholder approval for $56 billion pay package, touts his ability to ‘deliver’
Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an incentive to keep his focus on his biggest source of wealth. The approval underscores the support that Musk enjoys from Tesla (NASDAQ:TSLA)’s retail investor base, many of whom are vocal fans […]
Foreign credit card transactions add scarce dollars to Venezuela circulation
Transactions paid with foreign credit cards are helping circulate more foreign currency in Venezuela, where the government has locked in an exchange rate as part of efforts to control double-digit inflation, four public sector and finance sources said. The transactions have been growing steadily since the government of President Nicolas Maduro, who is running for […]
Visa, Mastercard $30 billion fee settlement in peril
Visa’s (V.N),and Mastercard’s (MA.N), proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge signaled she was preparing to reject the accord. U.S. District Judge Margo Brodie in Brooklyn told lawyers for the card networks and objectors at a hearing on Thursday that she will […]