Tesla is paying Elon Musk almost $1m to insure the board of directors against lawsuits for three months. The unusual arrangement comes after Tesla disclosed earlier this year that had allowed the chief executive to personally indemnify board members. In a filing with regulator the Securities and Exchange Commission, Tesla said it […]
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Japan’s eGuarantee rides pandemic demand to insure owed payments
TOKYO — Despite the recent turmoil in global equities markets, the stock of Japanese accounts receivable insurer eGuarantee has steadily climbed thanks to a business model that shines especially in turbulent times. The shares marked a record high of 1,996 yen on the Tokyo Stock Exchange on April 21. The stock price has […]