😳 Elon Musk's $56B Pay Package Rejected

Sponsored by

‎ ‎

Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.

‎‎‏‏‎ ‎‎

Here’s what’s on the horizon today:

• Elon Musk’s $56 billion pay package gets rejected again

• Intel CEO Pat Gelsinger forced out by board

• Jaguar ultra-luxury EV concept leaks ahead of reveal

Let’s dive in!

STORIES MAKING A SPLASH

^_TECH
Elon Musk’s $56 billion pay package gets rejected again

Tesla CEO Elon Musk lost his bid to reinstate his $56 billion pay package, as a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. Tesla plans to appeal, with Musk calling the ruling “absolute corruption” on social media.

In January, Chancellor Kathaleen McCormick voided the pay plan, stating that Musk had undue control over Tesla and dictated the terms of his compensation to a board that failed to negotiate fairly. She criticized the approval process as “deeply flawed.” Despite a June shareholder vote to ratify the plan, McCormick ruled that it couldn’t change the court's decision.

The ruling also included a $345 million attorney fee award for the lawyers who successfully challenged the plan on behalf of Tesla shareholders. Following the decision, Musk criticized Delaware’s legal system, leading Tesla to reincorporate in Texas.

^{_{EDITION SPONSORED BY}}
The Rundown AI

Stay up-to-date with AI

The Rundown is the most trusted AI newsletter in the world, with 800,000+ readers and exclusive interviews with AI leaders like Mark Zuckerberg.

Their expert research team spends all day learning what’s new in AI and talking with industry experts, then distills the most important developments into one free email every morning.

Plus, complete the quiz after signing up and they’ll recommend the best AI tools, guides, and courses – tailored to your needs.

Sign up to start learning.

^_BUSINESS
Intel CEO Pat Gelsinger forced out by board

Pat Gelsinger is retiring after over 40 years at Intel, including nearly four years as CEO. Effective December 1, Gelsinger stepped down from both his CEO position and the board of directors. The company’s board has formed a search committee to find a new CEO, with Michelle Johnston Holthaus and David Zinsner serving as interim Co-CEOs in the meantime.

Gelsinger returned to Intel in 2021 after over a decade at EMC and VMWare. Under his leadership, Intel focused on revitalizing its semiconductor manufacturing and driving innovation. Despite challenges, including layoffs and production setbacks, Intel made strides to become a world-class foundry.

Intel’s board reportedly lost confidence in Gelsinger’s leadership amid significant setbacks, including a $10 billion cost-reduction plan and missed quality benchmarks. This prompted his abrupt retirement.

^_AUTOMOTIVE
Jaguar ultra-luxury EV concept leaks ahead of reveal

Jaguar has sparked controversy with its bold new visual identity, described as "fearless" and "exuberant." The change has divided fans, with many expressing strong opinions on the brand’s new direction.

Ahead of its official unveiling at Miami Art Week, the Design Vision Concept has leaked, promising to be just as divisive. The car, spotted on Coche Spias, is strikingly pink and unfinished, with massive grilles, ultra-slim headlights, oversized wheels, and no rear window. The sparse interior and low-poly exterior resemble something between a concept and a prototype.

While Jaguar is also working on a new electric car, the Design Vision Concept feels more like a statement piece designed to fuel online debates than a polished preview of the brand's future. Get ready for some heated discussions.

LEARN SPECIAL

^{_{LEARN SPECIAL}}
What are Zero-Knowledge Proofs?

Imagine you’re trying to prove something without actually showing it. It sounds like a paradox, right? 🤔 But this is exactly what Zero-Knowledge Proofs (ZKPs) enable: the ability to prove that something is true without revealing any of the details

^{_{LEARN SPECIAL}}
Introduction to SEO

Search Engine Optimization (SEO) is the practice of enhancing your website to improve its visibility in search engine results pages (SERPs) 📈 It involves a variety of techniques that aim to attract organic traffic by ranking higher in search results

^{_{LEARN SPECIAL}}
How APIs connect the digital world

An application programming interface (API) is a bridge that enables communication between software systems 🌐 For example, a weather app uses an API to request forecast data from a weather service instead of storing it within the app

SAIL INTO A NEW CAREER

^{_{NEW JOB OPPORTUNITIES}}
Waivly Work Highlights

👩‍💻 Mid-Level Web & Marketing Graphic Designer at Invisible

👩‍💻 Lead Web & Marketing Graphic Designer at Invisible

👩‍💻 Software Verification Engineer at Codekeeper

👩‍💻 Senior Product Designer (EMEA) at Deel

👩‍💻 Senior Product Manager at GR8 Tech

👩‍💻 Senior Software Engineer at OffSec

👩‍💻 FrontEnd Engineer II at Outliant

👩‍💻 Talent Sourcer at GR8 Tech

Discover more job opportunities with the Waivly Work newsletter. Click here to subscribe and elevate your job search! 🚀

THE WAVES

^{_{OTHER NEWS}}
More Stories Surfing The Web

🤖 Study reveals concerns for publishers over ChatGPT citations

🛰️ YouTuber creates his own satellite to take selfies with Earth

💰 US government transfers $1.9 billion Bitcoin to Coinbase

🎯 Executives embrace low-tech tools for focus and control

🌟 See today's Waivly+ exclusive story by clicking here!

REFER A FRIEND, EARN REWARDS

^{_{REFER A FRIEND}}
Earn Rewards With Our Referral Program

BACK TO THE SHORE

^{_{THANKS FOR READING}}
That wraps up today’s newsletter

We hope you enjoyed today’s newsletter 🙌 Make sure to follow us on X, TikTok, YouTube, Instagram, and LinkedIn for even more content throughout the day - We’re @Waivly everywhere!‎‎

*Waivly+ is the premium Waivly membership. Join at anytime by clicking “Subscribe” and cancel anytime by heading to your account on Waivly.

*Want to advertise with Waivly? Click here to see our Advertisement packages.