UPDATE 1-UK Conservative Party investigating data breach – chairman

  1. UPDATE 1-UK Conservative Party investigating data breach – chairman  Reuters
  2. UK Conservative Party conference app leaks MPs’ personal details  ZDNet
  3. UK Tory fury as party faces huge fine for conference app data breach  The Sydney Morning Herald
  4. The Guardian view on May and Brexit: honesty is still an option  The Guardian
  5. Britain’s Labour Party Could’ve Had a Good Summer—If It Could Have Stopped Fighting With Itself  The Atlantic
  6. Full coverage


Source: Google News

Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairmanThe U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months for the company. The SEC alleged in a lawsuit on Thursday that the tweets about financing for a go-private plan he abandoned just weeks later had no basis in fact, and said the market chaos that ensued hurt investors. Musk is now required to step down as chairman of Tesla within 45 days, and he is not permitted to be re-elected to the post for three years.


Source: Yahoo! News

Elon Musk steps down as Tesla chairman following deal with US regulators

Elon Musk steps down as Tesla chairman following deal with US regulators  Elon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla’s chairman of the board and pay a $20 million fine, US securities regulators said Saturday. “The settlements, which are subject to court approval, will result in comprehensive corporate governance and other reforms at Tesla – including Musk’s removal as Chairman of the Tesla board – and the payment by Musk and Tesla of financial penalties” of $20 million each, the Securities and Exchange Commission said in a statement Musk – who will remain CEO of Tesla – will be ineligible to serve as chairman of the board for a period of three years and will be replaced by an “independent chairman,” while two “independent directors” will also be appointed by Tesla, the SEC said. The SEC had charged Musk with securities fraud, alleging that he misled investors when he tweeted on August 7 that he had “funding secured” to privatize the electric automaker at $420 a share, causing a brief spike in Tesla’s share price. Things could ultimately have been significantly worse for Musk, as the SEC had sought to bar him from serving as an officer or board member of a publicly traded company. The fraud case had piled fresh troubles on Tesla and Musk as the brash CEO, often praised as visionary, faces increased scrutiny over his volatile behavior that has included smoking marijuana during a podcast interview and assailing a man involved in the Thailand cave rescue as a “pedo guy.” more follows later  


Source: Yahoo! News

Elon Musk steps down as Tesla chairman following deal with US regulators

Elon Musk steps down as Tesla chairman following deal with US regulators  Elon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla’s chairman of the board and pay a $20 million fine, US securities regulators said Saturday. “The settlements, which are subject to court approval, will result in comprehensive corporate governance and other reforms at Tesla – including Musk’s removal as Chairman of the Tesla board – and the payment by Musk and Tesla of financial penalties” of $20 million each, the Securities and Exchange Commission said in a statement Musk – who will remain CEO of Tesla – will be ineligible to serve as chairman of the board for a period of three years and will be replaced by an “independent chairman,” while two “independent directors” will also be appointed by Tesla, the SEC said. The SEC had charged Musk with securities fraud, alleging that he misled investors when he tweeted on August 7 that he had “funding secured” to privatize the electric automaker at $420 a share, causing a brief spike in Tesla’s share price. Things could ultimately have been significantly worse for Musk, as the SEC had sought to bar him from serving as an officer or board member of a publicly traded company. The fraud case had piled fresh troubles on Tesla and Musk as the brash CEO, often praised as visionary, faces increased scrutiny over his volatile behavior that has included smoking marijuana during a podcast interview and assailing a man involved in the Thailand cave rescue as a “pedo guy.” more follows later  


Source: Yahoo! News