(Reuters) - Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended shareholders to vote against the proposal.
The electric-vehicle maker argued that his pay package - one of the biggest in corporate America - motivated Musk to create "tremendous value" for shareholders.
This was in response to Institutional... (continue reading...)
(Reuters) - Spirit Airlines on Monday named Brian McMenamy as interim chief financial officer, effective June 14.
McMenamy, currently vice president and controller, takes over from Scott Haralson who is departing to become finance chief of a company outside of the airline industry.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber)
(Reuters) - Vaccines for COVID-19 being developed and manufactured for the 2024-2025 campaign should target one of the currently dominant JN.1 variants and JN.1-derived subvariants such as KP.2, the U.S. Food and Drug Administration's staff reviewers said on Monday.
(Reporting by Christy Santhosh and Leroy Leo in Bengaluru; Editing by Shilpi Majumdar)
ROME (Reuters) - A Dutch tourist has defaced a frescoed wall in an ancient Roman house in Herculaneum, near Naples, damaging a building that survived the volcanic eruption of Mount Vesuvius in 79 AD, Italian police said on Monday.
The police statement said the 27-year-old tourist was swiftly identified after staff at the archaeological site discovered tagged graffiti writing made with a black, indelible marker pen on a white section of a painted wall.
... (continue reading...)BERLIN (Reuters) - A session of U.N. climate negotiations in the German city of Bonn was suspended on Monday after climate activists took to the conference stage and demonstrated against Israel's war in Gaza, police said.
The Bonn Climate Change Conference, which kicked off on Monday, is designed to prepare decisions for adoption at the COP29 gathering in Azerbaijan in November.
Climate Action Network activists raised a Palestinian flag... (continue reading...)
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