3 Olympians, 100 Days from Paris, & 1 Big Pay Package at Tesla 04/17/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 April 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Months after a Delaware judge voided Elon Musk’s pay package from Tesla, Tesla is asking shareholders to vote again on Musk’s $56B compensation deal. In a proxy statement, the company is also asking shareholders to approve moving Tesla’s incorporation from Delaware to Texas. Tulane Law professor Ann Lipton parses the proxy and the legal precedent for this shareholder vote. President Biden is hoping to triple the China tariff rate on steel and aluminum imports, and Federal Reserve Chair Jay Powell is signaling a longer wait for rate cuts. Plus, the 2024 Paris Olympics are 100 days away! Olympians Maggie Steffens, the Team USA Women’s Water Polo Captain, her teammate Ashleigh Johnson, and Women’s Wheelchair Basketball Paralympian Courtney Ryan say their training is just as intense as ever. And don’t forget to show your support for Squawk Pod! We’re up for a Webby Award, but we can’t win without your votes. Vote for Squawk Pod here, and check out our nominated special series, "Charlie Munger: A Life of Wit and Wisdom," featuring our final interview with the Berkshire Hathaway Vice Chair. Ann Lipton 15:08 Ashleigh Johnson, Courtney Ryan, Maggie Steffens - 26:12 In this episode: Ashleigh Johnson, @theAshJohnson Maggie Steffens, @maggiesteffens Melissa Lee, @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squawk Pod.
0:09.0	Tesla asking for a re-vote on Elon Musk's many billion dollar pay package.
0:15.0	2018, I think people voted on this thinking they would never have to pay it and they'd be
0:18.8	super happy to pay it if the numbers ever got to where they are.
0:21.8	But they did get to where they were.
0:23.6	They did.
0:24.6	We're reading between the lines of Tesla's latest proxy with Tulane Law Professor and Lipton.
0:28.8	It's not a question of justice that he relied on this and then it was taken away.
0:33.6	This is a question of him being charged with functionally manipulating the board.
0:37.8	And 100 days from the 2024 Paris Olympic Games.
0:42.4	Three Olympians join us, including Courtney Ryan,
0:45.4	a Paralympic basketballer.
0:47.0	COVID Paralympics was my first Paralympics,
0:49.7	so to have the opportunity to have family,
0:52.1	friends in the crowd this time, it's really special.
0:55.1	The rise of women's sports, Maggie Stephan's team USA Water Polo Captain.
0:59.7	Women's sports always been there.
1:01.0	There's always been the Caitlin Clark's. There's always been those women who have been paving the way and now they're getting that shine, that moment.
1:08.0	Plus President Biden hoping to triple steel tariffs on China.
1:12.0	And Fed Chair Powell says rate cuts?
1:14.9	Just hold on a minute.
	...

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