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The Latest Breaking News from Thomas DiNapoli

Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years

Two insurgent Democrats say the most powerful financial office in New York has been mismanaging your money—and not to vote for the other guy.

Fortune

New York, California pension leaders oppose 'extreme' SpaceX control structure

US pension funds are raising significant red flags regarding SpaceX's imminent entry into the stock market. Leaders from California and New York have penned letters to Elon Musk, expressing their deep apprehensions about the governance framework that it affords him overwhelming influence. They urge for amendments to the voting rights…

The Economic Times

Wall Street bonuses hit a new record despite historic market drops

It was a good year for anyone with the stomach to stick through the swings

The Independent UK

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Wall Street bonus bonanza

The New York state comptroller warns of risks for the financial sector.

Axios

Elon Musk Pay Package Compared To NFL: 'Imagine You're Patrick Mahomes And Not Gonna Get A Salary'

A new pay package proposed by Tesla Inc (NASDAQ:TSLA) could significantly increase the wealth of CEO Elon Musk, but also comes with milestones and incentives that would reward the company and shareholders along the way.

Benzinga

Wall Street bonus pot surges to record-high $47.5 billion, but the outlook is dim

Average bonuses paid to New York City executives were up 31.5% over last year, according to a report from Comptroller Thomas P. DiNapoli.

Fortune

States feel budget pinch amid darkening revenue projections

After two years of record tax collections, budget writers in some states are starting to feel a revenue pinch created by a slumping stock market, banking and tech layoffs, slower consumer spending and lower energy prices.

Tribune News Service

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NY state budget delayed again amid talks on bail, housing

New York state lawmakers passed another week-long extension for the state’s budget Monday to ensure state operations run undisrupted and workers get paid as budget negotiations continue

The Independent UK

Average Wall Street bonuses plummeted in 2022 to $176,700

Bonuses now at pre-pandemic levels, after profits started to fall for firms as inflation rose and fears of recessions started to hit

The Guardian - US

Average Wall Street bonuses dipped 26% to $176,700 last year

Average Wall Street bonuses dropped sharply last year to $176,700 amid lagging profits and recession fears

The Independent UK

Twitter, Meta See NY State Comptroller's Anger For Inadequate Content Moderation

New York State Comptroller Thomas DiNapoli has sought votes against directors at Twitter Inc (NYSE:TWTR) and Facebook parent Meta Platforms Inc (NASDAQ:FB) at their upcoming annual meetings, Reuters reports. Twitter and Meta's failure to tackle harmful content, including a mass shooting in Buffalo, N.Y., has led to the call. Thomas DiNapoli, who oversees New York's pension…

Benzinga

Report: Oregon has $5.3b invested in fossil fuel companies

The Oregon State Treasury has at least $5.3 billion invested in fossil fuel companies, a coalition of environmental groups says in a new report that blames the state for adding to global warming and urged divestment

The Independent UK

NY comptroller audit confirms Cuomo’s Health Department undercounted nursing home COVID deaths

ALBANY, N.Y. — The Cuomo administration undercounted COVID deaths in nursing homes by at least 4,100 as the pandemic raged across the Empire State, according to an audit released by Comptroller Thomas DiNapoli on Tuesday.

People

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