Finance, Banks, Cryptocurrency, Metals Archives

Musk Pushes Robotics After Winning Tesla $1 Trillion Pay Plan

7Nov

By Patti MohrNo Comments

Big Tech, Digital Economy, Finance, Banks, Cryptocurrency, Metals, Types of News: Brief

Musk Pushes Robotics After Winning Tesla $1 Trillion Pay Plan

Why the GER is covering this story: This story cuts to the heart of corporate responsibility, the ability of shareholders to influence corporate decisions, the evolving role of AI in the workplace and human relations, and inequality. November 7, 2025—Tesla’s board and CEO Elon Musk have won their proposal to pay Musk $1 trillion via stock options over the next decade with over 75 percent support from shareholders. Shortly after the company announced the results, Musk took the stage and emphasized a focus on robots. He said robots “are the future” for everything from health care and criminology. He added, however, that “things get wild from an economic point of view.” “Every human on Earth is going to want to have their own personal R2-D2 or C-3PO,” Musk said. “So who wouldn’t...

Norway’s Wealth Fund Votes ‘No’ on Tesla’s Trillion Payout to Musk

4Nov

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Types of News: Brief

Norway’s Wealth Fund Votes ‘No’ on Tesla’s Trillion Payout to Musk

November 4, 2025—Norway’s Norges Bank Investment Management voted against both Tesla’s board proposals on executive pay, including the plan to distribute $1 trillion to CEO Elon Musk over the next decade. This year’s proxy vote is a significant test of shareholder power. The $2 trillion fund is the world's largest sovereign wealth fund. It has a $11.7 billion stake in Tesla, which represents just over one percent of the company’s shares. “While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk- consistent with our views on executive compensation. We will continue to seek constructive dialogue with Tesla on this and other topics,” the fund said in its reas...

Risk and Rewards of Bank Deregulation in Trump 2.0

3Nov

By Patti MohrNo Comments

Big Tech, Digital Economy, Finance, Banks, Cryptocurrency, Metals, Types of News: Brief

Risk and Rewards of Bank Deregulation in Trump 2.0

Trump’s Changes Boost Big Banks and AI Carry Market Risks November 3, 2025—Deregulation of industry is a significant feature of Trump 2.0. In his second term, President Donald Trump is signing executive orders and presidential memoranda that require agencies to pause, review, or repeal rules affecting energy production, air quality, environmental protection, and banking. In the financial sector, the Trump administration is: Reducing the amount of cash banks need to hold (a.k.a. capital requirements). Cutting certain exam requirements for small, community banks effective Jan. 1, 2026. These relate to the National Flood Insurance Program, fair lending risk assessments, and other regulatory requirements. (See the Office of Comptroller of the Currency, https://occ.gov/news-issuances/...

Musk’s $1 Trillion Demand on Tesla Shareholders

28Oct

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Global Economics, Types of News: Analysis

Musk’s $1 Trillion Demand on Tesla Shareholders

Proxy Vote is a Test of Shareholder Power, Musk's Value Versus Per-Share Worth October 28, 2025—In just over a week, Tesla shareholders are scheduled to meet virtually and at the company’s headquarters in Austin, Texas to decide on corporate governance and a $1 trillion incentive package for CEO Elon Musk.Shareholders are voting up until the end of the day November 5 in time for the annual meeting the following day. Front and center of the decisions this year is a generous pay package for Musk worth $1 trillion over the next 10 years. Politics Hurts Brand, Shareholder Activists Say The proposal faces a pushback from a coalition of shareholder and public interest groups under a banner called “Take Back Tesla.” It includes groups like Public Citizen, Stop the Money Pipeline, Ame...

Senate Stablecoin Bill Would Give Crypto Some Credentials

20May

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Types of News: Brief, United States

Senate Stablecoin Bill Would Give Crypto Some Credentials

JP Morgan To Add Bitcoin Buying Options May 20, 2025—The Senate is debating a bill to regulate the stablecoins—a token used to purchase cryptocurrencies. Passage of the bill would mark a significant legislative victory for the cryptocurrency industry. Crypto is now quickly emerging from its reputation as a volatile and speculative venture into one that carries legitimacy. The GENIUS Act S. 1582, the GENIUS Act, would establish a comprehensive federal regulatory framework for the industry. It would provide some consumer protection and regulatory clarity. Specifically, it would: Require stablecoin issuers to maintain reserves in U.S. dollars, demand deposits, or short-term Treasury securities. Provide a federal regulatory framework in place that includes the Federal Reserve a...

24Nov

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Types of News: Brief

U.S. Household Debt Tops $17 Trillion

U.S. credit card debt. Photo source: picryl. November 14, 2024--U.S. consumer debt reached a new high in the third quarter of 2024 of $17.94 trillion, according to the Federal Reserve Bank of New York. Mortgage debt accounts for the largest amount, 70 percent, of total consumer debt. Compared to 10 years ago, U.S. households owe 55.5 percent more on mortgages: $12.6 trillion today compared with $8.1 trillion in the third quarter of 2014. Mortgages account for the largest share of U.S. debt. Chart: Mohr Media. Data NY Fed. Consumer debt on credit cards and auto loans stood at $1.17 trillion and $1.64 trillion, respectively, rising moderately. It's an 8 percent increase on credit card balances from the year before. As a whole, 3.5 percent of American household debt was in some st...

Terror Financing: Where Does Hamas Get Its Money

16Oct

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Corruption, Bribes, Illicit Finance & Money Laundering, Finance, Banks, Cryptocurrency, Metals, Foreign Aid, International Development, Types of News: Brief

Terror Financing: Where Does Hamas Get Its Money

October 16, 2023—Since 2007, Israel has imposed an air, land, and sea blockade of the Gaza Strip. But that hasn't stopped the Hamas from getting access to hundreds of millions of dollars. The terrorist organization and governing body of Gaza has access to a global financing network connected with countries, businesses, and charities, according to reporting by Reuters. Now, in the aftermath of the Hamas attack on Israel, those lines of finance will come under greater scrutiny by governments, international organizations, and banks. Crypto, Credit, and Trade Reuters reported that Hamas receives support from Iran and Qatar as well as charities. Furthermore, it exchanges money with cryptocurrencies, credit cards, and trade deals to avoid international restrictions. Earlier this y...

Watchdog Warns About Global Economy Ahead Of G20

5Sep

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Global Economics, Types of News: Brief

Watchdog Warns About Global Economy Ahead Of G20

Historically High Debt Beginning To Feel Credit Crunch From Higher Interest Rates September 5, 2023—As world leaders travel to New Delhi, India for the G20 Summit, the head of an international body monitoring global finance issued a stark warning about debt and stability. In short, interest rate hikes since March 2022 are beginning to impact markets, according to Klaas Knot, a Dutch economist and chair of the Financial Stability Board. 'Historically High Debt' Writing on behalf of the board, Knot warned that a combination of factors could "impair the capacity of borrowers to service the historically high stock of outstanding global debt." Those factors include high global debt, interest rate hikes, persistent inflation, tighter financial markets, and a slowing economy, acc...

U.S. Stock Ownership Rises to 61 Percent

24Jul

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Climate Action, ESG, Sustainable Finance, Finance, Banks, Cryptocurrency, Metals

U.S. Stock Ownership Rises to 61 Percent

July 24, 2023—Individual stock ownership in the United States fell after the 2008 financial collapse from 62 percent in 2007 to a low of 52 percent in 2013 and 2016. But now Americans' ownership stake in capital markets is rising. According to a Gallup poll taken in April, 61 percent of respondents said they own individual stock, a mutual fund, or a self-directed 401(k) stock fund. Stock ownership is significant not only as an indication of personal savings but also in regard to empowering individuals. For example, proxy votes, like the one that Disney faced in April, give shareholders to have a say in company decisions. It is a key benefit of capitalism that supports sustainable finance.

8May

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Finance, Banks, Cryptocurrency, Metals

Jamie Dimon’s Brand Of Stakeholder Capitalism

May 8, 2023—Since JP Morgan Chase stepped into the midst of another bank crisis last week, observers are taking note of its CEO's brand of stakeholder capitalism. For example, Emily Flitter writes in the New York Times that Jamie Dimon has become a champion of the "publicly championed the concept of 'stakeholder capitalism,' the idea that doing right by shareholders also involved treating communities, workers and customers better." As head of one of the world's largest asset managers, Dimon is in a position to influence the state of capitalism. In 2008, he led JPMorgan's acquisition of troubled competitors. It was a decision that helped save the financial system as a whole. This year, Dimon is acting once again as a savior as regional banks come under stress. A week ago, U.S. regula...