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WSJ What’s News

Why Companies May Let You Vote on Elon Musk’s Pay

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 3 June 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

P.M. Edition for June 3. If you own a (401)k, you could soon vote on issues like Elon Musk’s pay or Shell's future. Heard on the Street columnist Jon Sindreu explains how "pass-through voting" works. And President Biden is expected to issue an executive order limiting asylum rules. Plus, The Wall Street Journal’s Berber Jin reports on the investment empire that is raising conflicts of interest questions for OpenAI CEO and co-founder Sam Altman. Sabrina Siddiqui hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.

0:06.0

Do more and spend less like Uber 8 by 8 and Databrics Mosaic.

0:11.0

Take a free test drive of OCI at oracle.com

0:14.4

slash Wall Street.

0:19.4

President Biden is expected to issue an executive order that would ban migrants who cross the border illegally from claiming asylum.

0:26.0

And why companies may let you vote on Elon Musk's pay or Shell's future.

0:31.0

Suddenly, it has appeared as a very attractive way to say, wait a minute, we are not

0:37.7

here to do politics. If you have issues, we offer you the possibility to just vote according to whatever you think is best.

0:46.0

Plus, Sam Altman's investments in companies that do business with open AI raise questions of conflicts of interest.

0:52.0

It's Monday, June 3rd.

0:54.0

I'm Sabrina Siddiqui for the Wall Street Journal.

0:56.0

This is the PM edition of What's News,

0:58.1

the top headlines and business stories that move the world today. President Biden is expected to sign an executive order tomorrow that would ban migrants

1:09.0

who cross the border illegally from claiming asylum.

1:12.3

According to officials familiar with the planning, the move would allow them to be quickly

1:16.0

deported back to Mexico or their home countries.

1:19.6

Biden plans to sign the order alongside several mayors from southern border communities.

1:24.6

It aims to restrict the flow of migrants over the border as illegal immigration becomes a priority

1:29.3

issue for voters ahead of the November elections. Polls show a majority of Americans expressing dissatisfaction with his handling of the issue.

1:37.0

The decision comes after months of debate within the administration that mostly centered on the legality of such an action.

1:43.4

Former President Donald Trump sought to enact a nearly identical ban in 2018, but it was

1:48.8

blocked by a federal court that said it was a violation of asylum laws

...

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