Key Events 👉 The Redstone and Skydance Saga: To Merge Or Not To Merge? Paramount Global Shares reached their highest in two months after a merger deal with TV and media company Skydance was revived. Paramount has an atypical corporate structure. National Amusements is a family company that controls Paramount, but they only own 5% of Paramount but have 77%
Key Events 👉 How Private Equity Firms Avoid Taxes On Over $1 Trillion According to new research by Oxford University, private equity firms have avoided taxes (legally) on over $1 trillion of income since the 2000s. The research suggests that firms have earned over a trillion dollars as carried interest which is not subject to income tax. But, how does
Key Events 👉 Tesla’s Incorporation In Texas Tesla’s board of directors has approved the incorporation of the company in Texas. Delaware corporations are allowed to move their incorporation to another state if the move is approved by the board of directors and the majority of shareholders. But why does Musk want to move to Texas? Delaware law protects minority shareholders
Key Events 👉 Elon Musk’s Payday: A 56 Billion Dollar Package? Tesla’s annual shareholder meeting is tomorrow. The purpose of an annual shareholder meeting is to (i) elect directors, (ii) approve executive compensation, (iii) review financial performance, (iv) and ratify other proposals. Tesla’s shareholders will vote on whether Musk’s $56B pay package is reasonable or not on Thursday. Elon Musk
Key Events 👉 Wall Street’s New Sanctuary – Texas Blackrock based TXSE Group and Citadel securities plan to launch the Texas Stock Exchange. The exchange has raised about $120 million and plans to attract global companies as capital markets rebound after the pandemic. But how does an exchange really function? Why create another one? The image that comes to mind
Key Events 👉 Keith Gill And The GameStop Mania: Again? Keith Gill recently shared a post on reddit which was a screenshot of his position on GameStop, showing that he had bought 5 million shares with an average price of $21.27 and 120,000 call options worth $65.67 million expiring on the 21st of June to buy stock at $20 a
Key Events 👉 Trafigura Group and Aluminum What’s the difference between physical aluminum and abstract aluminum? Physical aluminum is the actual aluminum that firms or producers may use to make goods such as cans or bicycles. You get abstract aluminum if you buy a futures contract. After the contract expires, you get a warranty from the London Metal Exchange that
Key Events 👉 The DOJ Seeks To Break Up Live Nation and Ticketmaster’s Monopoly Before Spotify and file-sharing services, the main source of a musician’s income was the sale of their albums. Tours were expected to incur a loss but the shortfall was supposed to be made up by a boost in the sale of the albums the musicians were
Key Events 👉 Nvidia Announces 10-for-1 Stock Split Nvidia shares closed up 7% Thursday. Nvidia has been the primary player in manufacturing GPUs for video games and recently the central hardware manufacturer in the AI boom. Revenue in Nvidia’s first fiscal quarter increased by 262% from the previous year. So, what is the stock split going to do for Nvidia’s
Key Events 👉 Endless Shrimp and the Red Lobster Trap Red Lobster is the nation’s largest seafood chain that recently filed for Chapter 11 bankruptcy, effectively transferring the ownership of the business to its creditors to which the chain owed $300M dollars. Under a Chapter 11 bankruptcy process, the goal is not complete liquidation. The goal is to turnaround the
