Tag: thompson

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Today! Join NASA, US Space Force fireside chat on the new space age

This morning at 8:30 am PT we are hosting a live, 30-minute FREE webinar called, Full Speed Ahead: Accelerating Government and Commercial Collaboration in the New Space Age.

Join experienced space leaders for this candid discussion and learn how government demands for mission success intersect with new capabilities from commercial companies. This event is free, but you must register to attend.

The conversation, moderated by Emily Calandrelli, an MIT-trained engineer and Emmy-nominated science TV host, features Steve Isakowitz, president and CEO of The Aerospace Corporation; Gen. David D. “DT” Thompson, the vice chief of space operations, United States Space Force; Mandy Vaughn, the CEO and founder of GXO, Inc.; and Alex MacDonald, chief economist at NASA.

The booming space industry is evolving and expanding at an unprecedented rate. It’s the most complex, costly sector, and the traditional boundaries between national security, civil and commercial space are changing rapidly to create new opportunities.

Topics on the table include:

  • Challenges to “evolving space at speed,” including key trends and drivers of change that are impacting missions and shaping this moment in space.
  • Current capability gaps surrounding specific applications, mission integration challenges and a robust workforce.
  • How to best leverage commercial capabilities at the national level to support enterprise mission success.
  • Opportunities for new space companies to partner and do business with government space programs.

Don’t miss this rare chance to gain a deeper understanding of partnering opportunities to unlock new era of human achievement in space.

Full Speed Ahead: Accelerating Government and Commercial Collaboration in the New Space Age takes place today from 8:30 am – 9:00 am (PT) / 11:30 am – 12:00 pm (ET). Register to attend today for 100% free.

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Tesla’s newest board member has a long stance against short selling

Tesla has added Hiromichi Mizuno as a new member to its board of directors and audit committee — the former chief investment officer of Japan’s $1.5 trillion pension fund and a longtime opponent of common market practices like short selling.

With Mizuno’s appointment the Tesla board now has 10 members, including Oracle founder, chairman and CTO Larry Ellison and Walgreens executive Kathleen Wilson-Thompson. Mizuno will also sit on the board’s audit committee.

Hiro has a long career in finance and investment that included a stint as executive managing director and chief investment officer of Japan’s Government Pension Investment Fund (GPIF), the largest in the world with about $1.5 trillion in assets under management. Hiro left his position in late March.

During his time at GPIF, Hiro promoted environmental, social and governance practices. He was also known for challenging short selling — a practice that has plagued Tesla and its CEO Elon Musk . During his tenure, the GPIF suspended stock lending, which caught many by surprise. Hiro’s opposition to short selling is at odds with some market purists who believe the investment strategy — which speculates on the decline in a stock — actually provides greater price transparency. Hiro has said in previous interviews with media outlets like the Financial Times that it conflicts with his long-term perspective.

Hiro is on a number of government advisory boards, including the board of the PRI, the World Economic Forum’s Global Future Council and the Japanese government’s strategic fund integrated advisory board.

He also challenged many established market practices, including short-selling, to promote long-term value creation by corporations.

As a director, Mizuno will get an initial award of an option to purchase 2,778 shares of Tesla’s common stock, vesting and exercisable on June 18, 2020. For serving on the audit committee, he will get an initial award of an option to purchase 4,000 shares of Tesla’s common stock, vesting in 12 equal monthly tranches assuming continued service on each vesting date, according to a regulator filing Thursday.

Tesla’s board had sat unchanged for years until late 2018 when Ellison and Wilson-Thompson joined the board as independent directors as part of a settlement with U.S. securities regulators over CEO Elon Musk’s infamous tweets about taking the company private. Under the settlement, Tesla agreed to add two independent directors and Musk would step down as chairman for three years. Robyn Denholm, the former chief operations officer of Telstra Corporation Limited, a telecommunications company, was named chairman in November 2018.

In April 2019, the company said it would cut its board down by more than one-third, to seven directors, by 2020, a move that included the loss of some of Musk’s  early advisers and allies.

Longtime board members Brad Buss and Linda Johnson Rice, who joined two years ago as an independent director, did not seek re-election in 2019 and their terms expired at the company’s annual shareholder meeting in June. The board said in the proxy filing at the time that it didn’t plan to fill their seats.

Antonio Gracias,  whose term ends in 2020, and venture capitalist Steve Jurvetson will leave the board in 2020, according to a regulatory filing last year.