payout
Tesla Hits $100 Billion Mark Musk Must Sustain for Big Payout
(Bloomberg) — Tesla Inc.’s market value briefly crept above $100 billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months. The electric-car maker’s shares climbed as much as 1.4% in after-hours trading Tuesday after closing the regular session up 7.2%. At …
WeWork’s former CEO got a massive payout. Now 2,400 employees are losing their jobs
“As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization,” a WeWork spokesperson said in a statement provided to CNN Business. “The process began weeks ago in regions around the world and continued this …
WeWork bailout: SoftBank will own most of the company as Adam Neumann gets big payout
SoftBank (SFTBF) will pump $5 billion into The We Company and accelerate a $1.5 billion equity investment originally due to the company next year, according to a statement released by the two firms. SoftBank, which is already WeWork’s largest investor, is also offering to buy up to $3 billion worth of stock from existing investors …