Elon Musk Settles With SEC, Agrees To Step Down As Tesla Chairman

Tesla CEO Elon Musk has agreed to step down as chairman of the electric-car company as part of a settlement to resolve a securities fraud charge lobbed by the SEC on Thursday.

The Tesla CEO reached a deal with the Securities and Exchange Commission to resolve a securities fraud case. As part of the deal, Tesla and Musk agreed to pay $40 million in penalties.

(Image credit: Patrick T. Fallon/Bloomberg via Getty Images)



from News : NPR https://ift.tt/2OWEESn

Comments

Post a Comment

Popular posts from this blog

A brief recap of ‘Tampongate,’ the week’s strangest controversy on Capitol Hill

All’s well that ends well — or maybe it’s a case of much ado about nothing — in an odd dispute that roiled Capitol Hill this week: “Tampongate.” It started when Democratic Rep. Sean Patrick Maloney of New York, a candidate for New York attorney general, claimed that the Committee on House Administration has a “discriminatory policy” that bars members’ offices from buying tampons for use by female staff and visitors. The committee, led by Republicans, manages the daily operations of the House, including overseeing administrative functions. Here’s his story. “Earlier this [week], my office got an email saying that we couldn’t use our funds to buy tampons. . . . When we called out the committee that makes the rules, they denied the rule exists in the first place,” Maloney tweeted Thursday . UPDATE: earlier this wk, my office got an email saying that we couldn't use our funds to buy tampons (even though we have female constituents and staff). When we called out the committee that ...
Read more

Whatever Happened to Salt Lake City’s Manhattan Club?

Image
Michael Eccleston and Katy Willis spent months searching for a place in Salt Lake City to open an arcade-themed bar. Then a friend suggested they look at the old Manhattan Club on the corner of 400 South and Main. The 7,000-square-foot space was not only the right size and price, it also came with a built-in piece of Salt Lake City history. “We love old things and old places,” said Willis, “and one of the things we’re excited about is keeping this space as a bar.” Their Quarters Arcade Bar, expected to open in early 2018, will become the newest chapter in the colorful story of this beloved basement bar. The rich history started in 1910, when mining magnate John J. Daley built the New Grand Hotel. During its first 20 years in business, the basement hosted a rotating list of businesses, including a cafe, a bank, a bakery, a drugstore, a pool hall and a fraternal club. Since 1930, the space that extends under Main Street and today’s TRAX trains has been a bar. Initially it was the Br...
Read more

Imagine Dragons’ Dan Reynolds hopes LDS leaders will see ‘Believer,’ his film about Mormon LGBT youths

Image
Park City • Rock star Dan Reynolds was once a Mormon missionary, and in a documentary that premiered at the 2018 Sundance Film Festival, he declares a new mission: to urge leaders of his faith to stop shaming their LGBT members. “A determined Mormon is a scary thing, I can tell you that, because they don’t stop,” Reynolds, singer for the band Imagine Dragons, declares in “Believer,” a documentary that received a standing ovation from some 500 Sundance attendees at its first screening late Saturday night. The movie will receive a broader audience this summer, director Don Argott told the audience after the film. “Believer” was picked up before the festival by HBO Documentary Films, with plans for a theatrical release this summer and a debut on HBO after that. There’s another audience Reynolds hopes will watch the movie: the leadership of The Church of Jesus Christ of Latter-day Saints. “I hope that [ LDS Church President Russell M. Nelson ] and the apostles take the time to watch...
Read more