Daily Archives: June 17, 2024, 2:58 pm

Tesla to Texas

But Elon Musk is different. Elon Musk is constantly pushing the boundaries of the securities laws, but in complicated ways that are arguably allowed. He’s not running around doing funny frauds; he’s running around tweeting ambiguous winking things. And he is maximally aggressive, and hires maximally aggressive lawyers, and is politically influential. So Musk will do some weird thing, and…

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Remembering Founding Dean William H. Donaldson, 1931-2024 | Yale School of Management

William H. Donaldson, the founding dean of the Yale School of Management and a leader of several major institutions of American business, died on Wednesday, June 12, 2024. His decades at the heights of business, government, and academia included tenures as chair of the Securities and Exchange Commission, chairman, president and CEO of Aetna, Inc., and chairman and chief executive…

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The Big Loser in Tesla’s Shareholder Vote Is Delaware – WSJ

Tesla’s reincorporation in Texas is about much more than saving the electric-car juggernaut $250,000 a year in state fees. It is an attempt by Elon Musk to loosen Delaware’s grip on American corporations. About two-thirds of S&P 500 companies—regardless of where they are actually based—are incorporated in Delaware, largely because the tiny state has specialized courts that handle business matters…

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SEC Obtains Final Judgment Against Synchronoss CFO for Role in Accounting Misconduct

On June 14, 2024, the U.S. District Court for the Southern District of New York entered a final judgment against Karen Rosenberger, imposing an injunction and officer and director bar, and also ordering her to pay civil monetary penalties and reimburse Synchronoss Technologies, Inc. (“Synchronoss”) for certain compensation. According to the SEC’s complaint, Rosenberger engaged in accounting misconduct which resulted…

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