Category: Corporations

SpaceX IPO Shows How Investors in Public Companies Are Losing Power

The New York Times – Business:
SpaceX has joined a growing cohort of companies that use dual class share structures to ensure many shareholders have little say in how they are run.
Federal Energy Regulator Seeks to Limit Conflicts Over Data Centers

The New York Times – Business:
The Federal Energy Regulatory Commission directed grid managers to make changes that protect individuals from higher electricity bills while giving data centers access to power faster.
SpaceX’s Unconventional Corporate Arrangements Favor Elon Musk

The New York Times – Business:
The ways it set up its board and Mr. Musk’s pay appear to benefit him at the expense of other shareholders, corporate governance experts said.
Elon Musk and Other CEOs on Trump’s Trip to China Sought Relief

The New York Times – Business:
Elon Musk and other powerful executives who accompanied President Trump to China are hoping to clear roadblocks put up by Beijing.
Why Some People Are Allergic to ‘Peanut Butter Raises’

The New York Times – Business:
The beloved spread has become a metaphor for things that are less than delicious.
Secret Recordings, Hidden Shares and a Family Rift at South Korea’s LG

The New York Times – Business:
An inheritance dispute over the former chairman’s estate has prompted a criminal complaint over how the dynastic chaebol family behind LG divides its assets.
Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down

The New York Times – Business:
Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
For the Modern C.E.O., It’s All About Being ‘Resilient’

The New York Times – Business:
The ability to stay calm and lead through any kind of shock is the new normal for corporate executives.
Supreme Court Rejects Oil Company Argument in Fight Over Great Lakes Pipeline

The New York Times – Business:
The justices sided with Michigan officials, who have raised environmental alarms and pushed to decommission an aging section of the pipeline.
Trump Dismisses a Merger While Seeking Suitors for Spirit Airlines

The New York Times – Business:
As he rejected the idea of a merger of United Airlines and American Airlines, President Trump said someone, including possibly the federal government, should buy or help Spirit.
He Was Supposed to Break Up Kraft and Heinz. He Changed His Mind.

The New York Times – Business:
Steve Cahillane, a food industry veteran, is trying to revive the company behind Kool-Aid, Oscar Mayer and many other brands.
Binance Under Fire After Reports That $1.7 Billion in Crypto Flowed to Iran

The New York Times – Business:
The world’s largest crypto exchange is under fire after investigators found accounts moving $1.7 billion to Iranian entities. Clues about those accounts were in plain sight for over a year.