US companies

Tesla, Intel and the fecklessness of corporate boards

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Consider two recent events. On December 2nd directors of Intel sacked its hapless chief executive, Pat Gelsinger. He had torched $150bn in shareholder value over his three-and-a-half-year tenure at the chipmaker, even as the fortunes of virtually all other chip firms were boosted by white-hot demand for computing power amid the artificial-intelligence (AI) revolution. Good … Read more

“Disaster”: Trump Scraps Law Barring Firms From Bribing Foreign Officials

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President Donald Trump signed an executive order rolling back enforcement of a law that bars US companies from bribing foreign officials, arguing that the restriction puts American firms at a disadvantage. Trump is ordering Attorney General Pam Bondi to pause actions taken under the Foreign Corrupt Practices Act until she issues new enforcement guidelines, according … Read more