A San Francisco startup called Substrate has raised $100 million to take on ASML’s monopoly in chip-making equipment. Their technology promises to cut costs in half, but can they really compete with a decade of industry dominance?
Leading proxy adviser ISS has recommended Tesla investors reject Elon Musk’s proposed $1 trillion compensation package ahead of the company’s November 6 annual meeting. The advisory firm expressed concerns about the “astronomical” award size and absence of binding terms to ensure Musk’s continued focus on Tesla amid his other ventures.
Institutional Shareholder Services (ISS), a prominent proxy adviser, has recommended that Tesla investors vote against CEO Elon Musk’s proposed $1 trillion compensation package, according to reports released Friday. The advisory firm cited the “striking magnitude” of the award and concerns about its structure as primary reasons for its opposition.
