Norway’s $1.7 trillion sovereign wealth fund, the eighth-largest shareholder in Tesla, has announced its opposition to ratifying Tesla CEO Elon Musk’s $56 billion pay package, which will be put to a shareholder vote next week. The fund’s decision is based on concerns about the package’s size, structure, and lack of mitigation for key person risk. The fund expressed appreciation for Musk’s contributions but emphasized the need for fair compensation.
Spotify CEO Daniel Ek and other executives have sold off a significant amount of their shares this year, raking in millions of dollars in profits. Ek, who hasn’t taken a salary since 2017, cashed out $118.9 million in shares following the group’s Q2 results. Other top executives, including CTO Gustav Söderström and CFO Alex Norstrom, have also sold millions of dollars worth of shares. The sales come as Spotify’s share price has surged more than 60% since the start of the year.
The merger of UFC and WWE has resulted in lucrative compensation packages for top executives at the newly formed TKO Group Holdings. CEO Ari Emanuel received nearly $65 million, while other executives also earned substantial sums. The merger, valued at over $21 billion, has led to record revenue for UFC, driven by media rights and events. Overall, TKO appears set for continued success in 2024 with major broadcast deals in the pipeline.
Endeavor’s $21 billion merger with the WWE created a live sports powerhouse, resulting in lucrative compensation packages for top executives. CEO Ari Emanuel received a package valued at nearly $65 million, president Mark Shapiro earned $16.1 million, CFO Andrew Schleimer took home $8.8 million, and WWE president Nick Khan received $32 million.
Kate Gebo, Executive Vice President of HR and Labor Relations at United Airlines, has sold 30,000 shares of company stock for over $1.5 million. The transactions, which were disclosed in a recent filing, indicate Gebo’s reduced direct holdings in United Airlines but still owns 57,512 shares.
Alex Kroman, EVP of Product and Technology at LivePerson Inc (NASDAQ:LPSN), recently engaged in significant stock transactions, providing insights into the company’s executive compensation structure and the realization of performance-based incentives. Insider transactions can offer valuable insights into executives’ perspectives on their company’s stock and its valuation. However, investors should also consider LivePerson’s financial challenges, including its debt burden and cash burn, as well as its negative P/E ratio and stock price volatility.
