Category: Business

BusinessTechnology

Tesla Shareholders Face Critical Vote on Musk’s $1 Trillion Compensation Package Amid ISS Opposition

Tesla’s board faces mounting pressure as proxy adviser ISS recommends shareholders vote against Elon Musk’s record $1 trillion compensation plan. The recommendation comes ahead of a crucial November 6 shareholder meeting where the controversial package will be decided.

Major Proxy Adviser Opposes Musk’s Compensation Plan

Tesla’s proposed $1 trillion compensation package for CEO Elon Musk is facing significant opposition from influential proxy adviser Institutional Shareholder Services, according to recent reports. Sources indicate this marks the second consecutive year that ISS has urged investors to reject a compensation plan for Musk, creating substantial pressure ahead of Tesla’s November 6 shareholder meeting.

by Sarah Collins
BusinessLegal

Sony Seeks Court Order Against Tencent’s Alleged Horizon-Inspired Game Amid Copyright Dispute

Sony Interactive Entertainment has requested a preliminary injunction to block Tencent from using materials allegedly derived from the Horizon franchise in its upcoming game Light of Motiram. The legal move follows accusations of character, aesthetic, and musical similarities, despite Tencent’s recent alterations to promotional content. Industry analysts suggest the case could set precedents for intellectual property protection in global gaming markets.

Legal Escalation in Gaming Intellectual Property Dispute

Sony Interactive Entertainment has escalated its legal battle with Tencent, filing for a preliminary injunction against the Chinese gaming giant’s upcoming title Light of Motiram. According to reports from Games Fray, Sony alleges Tencent has engaged in what sources describe as a “shell game” with content allegedly copied from Sony’s Horizon series. The injunction request specifically targets Tencent’s use of any material “copied or derived” from Horizon games, aiming to prevent potential market confusion ahead of the lawsuit’s resolution.

by Natalie Brooks
BusinessGovernance

Proxy Advisor ISS Urges Tesla Investors to Block Musk’s $1 Trillion Compensation Plan

Institutional Shareholder Services has advised Tesla investors to vote against Elon Musk’s $1 trillion pay package, marking the second consecutive year of opposition. The proxy firm expressed concerns about the award’s magnitude and design, while Tesla defended the compensation plan as essential for retaining Musk’s focus.

Proxy Advisor Opposes Musk’s Compensation Package

Institutional Shareholder Services (ISS) has recommended that Tesla investors reject CEO Elon Musk’s proposed compensation package valued at approximately $1 trillion, according to reports. This marks the second consecutive year that the influential proxy advisory firm has urged shareholders to vote against a pay package for Musk, with the upcoming shareholder meeting scheduled for November 6.

by Natalie Brooks
BusinessTechnology

Scale AI Settles Worker Misclassification Lawsuits in California, Shifts Hiring Practices

Scale AI has reportedly agreed to settle multiple lawsuits filed by former California contractors who alleged misclassification and underpayment. The company has since stopped hiring California-based gig workers as it faces additional legal challenges and regulatory scrutiny.

Scale AI Reaches Settlement in Contractor Lawsuits

Scale AI has agreed to settle four lawsuits filed by former workers in California who alleged they were illegally classified as contractors rather than employees, according to court documents filed this week. The San Francisco-based company, which specializes in artificial intelligence training data, reportedly reached settlements with all plaintiffs across the multiple cases, though specific terms remain undisclosed pending judicial approval.

by Sarah Collins