In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX. Two pre-IPO investors said that even after getting their feet in the door, they had to visit the company’s headquarters.
Netflix appointed lead independent director Jay Hoag as chairman of its board, succeeding Reed Hastings, who stepped down from the board of the streaming service he co-founded nearly three decades ago.
Walmart investors on Thursday voted against a shareholder proposal asking it to report on how its use of AI is affecting the well-being of its workforce, according to preliminary voting results from the retailer’s annual shareholders’ meeting.
The dual-class share structure outlined in SpaceX’s IPO filing, which grants CEO Elon Musk outsized control, has revived one of Wall Street’s oldest debates – that of corporate governance.