investors

Elon Musk asked for 80 hours per week to his workers. Tesla investors reproach him not to do 40

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Around Elon Musk the idea of incombustible worker Able to work more than 100 hours a week and even sleep In his office as TeslaTo save the bankruptcy. Proud of that image, the millionaire did not hesitate to demand the same to its employees. A group of Tesla investors has sent a surprising request to the Board of Directors of the company: that Musk dedicate at least 40 hours a week to direct the company. This application comes in a Critical moment for Teslawith the company crossing one of its worst crises, according to its own shareholders and with the figure of Musk more questioned than ever. Musk, focus. The debate on Musk’s commitment to Tesla has intensified after recent passage through politics. The signatory investors, among whom is the American Federation of Teachers, which has 7.9 million shares of Tesla, consider that its CEO has been too dispersed, and now require concrete measures to guarantee good governance and the Tesla stability. In her letter addressed to Robyn Denholm, president of the Tesla Board of Directors, the shareholders indicated that “the external activities of Mr. Musk seem to have diverted their time and attention from the active management of Tesla’s operations, as would be expected of any other executive director of a company that is quoted in the stock market.” Musk itself confessed I could barely dedicate one day To direct your companies. 40 hours a week and three -day week. The investor letter sent to the Tesla Board of Directors, requests that any New remuneration plan For Musk, include the obligation to dedicate at least 40 hours per week to the company’s management. Investors even suggest that Musk could group these hours in three days, leaving the other two to address their other business or political activities. “We just want to make sure that you can devote enough time to supervise and, in the case of executives, properly manage the company,” explained PATEL TABLE, EXECUTIVE DIRECTOR OF SOC INVESTMENT GROUP (one of the signatory investors) to Fortune. A plan to replace CEO. Also, shareholders demand the elaboration of a clear succession plan for the CEO position. In this sense, investors do not propose the replacement of Musk as CEO as Yes they made their employees. Its demand is to identify “emergency” successors that can assume the leadership of Tesla in case Musk is not available, with the objective of “incorporating a new person with the right skills to execute Tesla’s business plans.” Some plans that, on the other hand, the Board of Directors must make public with a strategic schedule between 2 and 5 years. In this way, Tesla would have a succession protocol preventing the company from being “delayed” before an unforeseen event. Limitations for managers. In addition to asking for greater involvement from their CEO, investors also ask to limit the responsibilities of the members of the Tesla Board of Directors In other external companies. With this measure they intend to restrict simultaneous positions of managers outside Tesla to avoid conflicts of interest and ensure that the management is fully Focused on the company. “For many years, the amount of time that CEO Musk has dedicated to the management of Tesla has been limited by its multiple private companies and other external activities,” says the letter. Therefore, they ask that the company’s maximum manager can only hold a managerial position outside of Tesla. A BOARD FIELT TO TESLA. Investor requests do not focus only on the management of Musk, they also extend their criticisms to other members of their board of directors. They insist on the need to incorporate at least a “truly independent” vowel into the Board of Directors. This person should not have links with other council members or Elon Musk to avoid nepotism and conflicts of interest personal among the members of the Board. This request arises after the appointment of Jack Hartung, former executive of Chipotle, as a member of the Tesla Board of Directors. Investors They were worried For the professional connection that Hartung and Kimbal Musk, brother of Elon Musk, have cultivated for years. This petition seeks to eliminate servility when negotiating the salary remuneration of the Board of Directors so that the interests of the shareholders and Tesla over the personal ambitions of its members prevail. An example was the Salary Bonus Negotiation granted to Musk in 2018, by a board formed by friends, historical collaborators of Musk and even his own brother. In Xataka | A government “Extremely Hardcore”: Elon Musk is applying to the US the same recipe that has applied to all its companies Image | Unspash (Mark Chan), Flickr (Gage Skidmore)

Taiwan investors are preparing for hypothetical invasion for China. And they don’t know where to hide

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Donald Trump’s return to the White House has marked a turning point in the relationship held by the US and China. The commercial and technological war between these two powers It comes from afarbut The aggressive policy of tariffs that has deployed, although even in a little consistent way, the US administration has fueled the loop. The tension between countries led by Xi Jinping and Donald Trump is maximum, and Some experts believe That at the current situation the probability that China decides to invade Taiwan is higher than ever. In the 50s of the last century China was a very different country from the current one. He Chinese Communist Party Led by Mao Zedong he had defeated the nationalists who made up the Kuomintang after almost three decades of armed conflict. Imperial power He had disappeared and the country had embarked on very deep structural changes that culminated in the birth of the People’s Republic of China in 1949. The members of the Kuomintang retired to Taiwan that same year, and since then the shadow of the invasion looms over this island. Foreign investors in Taiwan recognize that they do not have a plan B “If an aggression against Taiwan occurs the investment decision becomes binary: either we stay exposed and absorb extreme volatility, or we quickly leave to preserve capital.” These words Steve Lawrence has pronounced themInvestment Director of the Swiss company Balfour Capital Group. From his statement it follows with absolute clarity that foreign investors who have opted for Taiwanese companies do not know how to proceed if there is finally an armed conflict between China and Taiwan. “TSMC is so great that investors’ expectations argue that the US will defend Taiwan. And he will do it strongly” The panorama paints badly. According to Reuters Foreign investors have retired almost 11,000 million dollars from the Taiwan sharing park during this year due to the fear of impact that tariffs on the global economy will have and in the relationship that USA and China support. The government of Joe Biden formalized that if China intervened militarily in Taiwan, the US would respond. However, the administration led by Donald Trump has not yet confirmed whether to defend the island militarily in the hypothetical scenario that China chose to invade it. Anyway, this situation in which instability prevails mainly condition a Taiwanese company: TSMC. This company is The largest semiconductor manufacturer on the planetand, therefore, it is Taiwan’s authentic jewel. In fact, he greatly supports his economy. This company quotes both in the Taipéi stock market and in the New York and the stock market brought the stock market alone at the beginning of this year. “TSMC is so great that the expectations of investors argue that the US will defend Taiwan. And it will do it strongly,” has declared Mikesh DaveInvestment Director of Araval Asset Management, a global arbitration background based in Singapore. Elbridge Colby’s position, one of Donald Trump’s trusted advisors, is aligned with this strategy. This tweet Posted by him In May 2023, it clearly reflects what the policy that defends with the purpose of deterring the Xi Jinping government: “We would be crazy if we allowed us TSMC falls intact to China” According to Gina Raimondothe former Secretary of Commerce, “USA buys 92% of her avant -garde chips from TSMC in Taiwan.” Colby’s tweet that I have mentioned in the previous paragraph suggests that the US should do everything in his hand to prevent China from appropriating the plants that TSMC has in Taiwan. However, during the last two years Colby has not been satisfied with insinuating this idea; He has publicly declared That if China invades Taiwan what the US should do is destroy the TSMC factories and not allow this initiative to fall on the Taiwanese government. Image | TSMC More information | Reuters In Xataka | The US confesses its worst nightmare: if China invades taiwan and controls TSMC the US economy will go to pique

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