The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Tesla did not respond to a request for comment. The directors acted in good faith and in the best interests of Tesla stockholders but agreed to settle to eliminate the risk…
Group 1 Automotive Inc. is calling out some dealership sellers who it believes are pricing their businesses unrealistically high. “There is a certain portion of sellers that have unrealistic expectations,” Group 1 Automotive CEO Daryl Kenningham said during the company’s first-quarter earnings call last week. “I always like to tell people, we will never win…
Now, startups need other banks to take on SVB’s role. “With [SVB] going away and not being available when the next startup needs capital, there’s less competition and less availability, and that’s not good,” said Steve Greenfield, CEO of Automotive Ventures in Georgia. A March 14 analysis from investor website PitchBook referred to SVB as…
Gloves? Check. jacket? Check. Beanie? Check. You wouldn’t go out into the cold without being prepared, right? It’s no different from driving as the days get shorter and wetter. To stay safe on the road, you need to be prepared for changing conditions. For example, kids go back to school in the fall, so there…