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The Latest Breaking News from Michael Frerichs

Elon Musk retains title as the highest-paid CEO in history with $26 billion pay package—and the only thing he has to do is show up for two years

The lack of performance targets in Musk’s massive new pay package has some investors crying foul.

Fortune

Elon Musk just had his last day with DOGE, which he says became a ‘scapegoat’ for government cuts

President Trump honored the Tesla CEO with a farewell press conference in the Oval Office on Friday.

Fortune

As Elon Musk leaves government, Tesla shareholders beg him to work at least 40 hours a week at the company

A group of investors reached out to board chair Robyn Denholm to try and get Musk back to work at the beleaguered EV maker.

Fortune

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Democratic state treasurers rip GOP over budget bill — ‘taxing Barbies and G.I. Joes if you can even find them on store shelves’

The impact of the budget, tariff policy, and cuts to federal programs would lead to an outflow in domestic investment as wealthy investors look overseas, Washington State Treasurer Mike Pellicciotti said.

Fortune

State officials hammer Trump over 529 plan nest eggs — He is ‘stoking fear in the hearts of college students and high schoolers across the country’

For the ultra wealthy, the market whipsaw presents opportunities. For average Americans? Not so much, state officials said.

Fortune

If some Republicans had their way, my twin sons wouldn’t be here: Illinois Treasurer Michael Frerichs

In Illinois, some right-wing groups want to ban in vitro fertilization. Because of these zealots, in January our governor and state lawmakers enacted a law protecting people’s decisions to use IVF to have children.

Chicago Sun-Times

More than 66,000 slated to receive up to $5,000 for unclaimed property, state treasurer says

Illinois Treasurer Michael Frerichs worked with lawmakers to create enhancements to a program that uses state records and technology to automatically return lost money to qualifying residents without the need to gather paperwork or file a claim.

Chicago Sun-Times

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Starbucks CEO focuses on new role, avoids labor issues in investor call

Starbucks new CEO Laxman Narasimhan led his first shareholder annual meeting Thursday, facing investors' questions just days after he took over the role from longtime leader Howard Schultz.

Tribune News Service

South Side millionaire’s wealth set to ripple through lives around the globe

Joseph Stancak, who lived a private, frugal life in working-class Gage Park, was buried in a pauper’s grave.

Chicago Sun-Times

Down-ballot Democrats deliver drubbing: Mendoza reelected state comptroller, Frerichs treasurer

Family and friends of Susana Mendoza, the incumbent Illinois comptroller, gathered at the Palmer House Hilton and clapped and cheered at her showing in early returns. Michael Frerichs lead in his bid for reelection as treasurer.

Chicago Sun-Times

US Sen. Tammy Duckworth wins second term

CHICAGO — U.S. Sen. Tammy Duckworth was expected to sail to a second term Tuesday after her Republican challenger struggled to gain traction against the incumbent and rising political star in the Democratic Party.

Chicago Tribune

Six candidates from three parties fighting for two offices voters know little about — but probably should

Democratic state Comptroller Susana Mendoza and state Treasurer Michael Frerichs are facing challenges from Republicans Shannon Teresi and Tom Demmer and Libertarians Deirdre McCloskey and Preston Nelson.

Chicago Sun-Times

Democrats at Illinois State Fair hit GOP ‘lunatic fringe,’ downplay internal party strife

Gov. J.B. Pritzker, standing alongside new Democratic Party of Illinois Chair Lisa Hernandez and Sen. Tammy Duckworth, downplayed the intraparty tension, especially around Sen. Dick Durbin, who wanted Rep. Robin Kelly to remain in the top party post.

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