Management

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative's wedding

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding

That’s some high-end embezzlement. The U.S. chief executive of a German saw-blade manufacturer has pleaded guilty to stealing $15 million from the company to bankroll a luxury clothing and furniture boutique she ran on the side. Donna Osowitt Steele, 52, of Taylorsville, N.C. had worked for Tigra USA since 1999, starting in the shipping department …

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding Read More »

With latest sale, Elon Musk has sold nearly $12 billion of Tesla stock in past month

With latest sale, Elon Musk has sold nearly $12 billion of Tesla stock in past month

Elon Musk resumed his Tesla Inc. stock selloff Thursday, cashing in nearly $1 billion. In fillings with the Securities and Exchange Commission, the Tesla chief executive disclosed he sold another 934,091 Tesla shares, for about $963.2 million. He also exercised options to buy 2.17 million shares at a price of $6.24. After a flurry of …

With latest sale, Elon Musk has sold nearly $12 billion of Tesla stock in past month Read More »

Elon Musk says Biden's $2 trillion, EV-friendly spending bill shouldn't pass

Elon Musk says Biden’s $2 trillion, EV-friendly spending bill shouldn’t pass

““Honestly, I would just can this whole bill.” ” That’s Tesla Inc. TSLA, -0.59% Chief Executive Elon Musk, when asked about the Biden administration’s $2 trillion spending bill that would include financial incentives for the purchase of some electric vehicles. Musk was asked about that, as well as the recently passed infrastructure bill, on Monday night …

Elon Musk says Biden’s $2 trillion, EV-friendly spending bill shouldn’t pass Read More »

'Live your life like Elon Musk': Why some financial advisers say it's worth weighing end-of-year stock sales --- just like the Tesla CEO is doing

‘Live your life like Elon Musk’: Why some financial advisers say it’s worth weighing end-of-year stock sales — just like the Tesla CEO is doing

When Elon Musk polled his Twitter followers over the weekend about whether or not he should sell his Tesla stock, it might have seemed like the typical oddball move for the billionaire entrepreneur. But financial professionals said Musk’s tweet was possibly driven by the desire to employ a smart, end-of-year tax strategy. And they note …

‘Live your life like Elon Musk’: Why some financial advisers say it’s worth weighing end-of-year stock sales — just like the Tesla CEO is doing Read More »

Elon Musk sold roughly $7 billion in Tesla stock this week, and shares had their worst week in more than a year

Elon Musk sold roughly $7 billion in Tesla stock this week, and shares had their worst week in more than a year

Billionaire Elon Musk sold nearly $2 billion in Tesla Inc. stock on Thursday and Friday for a roughly $7 billion total on the week, which happened to be the worst for Tesla stock in more than a year. Filings with the Securities and Exchange Commission made public Friday showed Musk sold more than 600,000 Tesla …

Elon Musk sold roughly $7 billion in Tesla stock this week, and shares had their worst week in more than a year Read More »

Carlos Watson says Ozy Media isn’t done yet: ‘This is our Lazarus moment’

Carlos Watson says Ozy Media isn’t done yet: ‘This is our Lazarus moment’

Reports of Ozy Media’s death have been greatly exaggerated, according to the CEO and co-founder of Ozy Media.  “We’re going to open for business, so we’re making news today,” the digital media company’s CEO Carlos Watson told NBC’s “Today” show on Monday morning. “This is our Lazarus moment…. Last week was traumatic, it was difficult, …

Carlos Watson says Ozy Media isn’t done yet: ‘This is our Lazarus moment’ Read More »