By Ross Kerber, U.S. Sustainable Business Correspondent
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I keep trying and failing to write about billionaires not named Elon Musk. This week I've flagged as the main story a U.S. jury's verdict against Musk in a closely watched lawsuit he brought against artificial intelligence company OpenAI.
You can read it via the link below. You will also find coverage of Musk-focused criticism from big U.S. pension fund leaders, concerns about Target directors, and a report casting a tough eye on insurers' climate disclosures.
Please follow me on LinkedIn and/or Bluesky. You can reach me via ross.kerber@thomsonreuters.com.
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OpenAI CEO Sam Altman arrives at the federal courthouse in Oakland, California, U.S., May 14, 2026. REUTERS/Manuel Orbegozo/File Photo
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An ugly win for OpenAI CEO Altman |
OpenAI CEO Sam Altman won a federal lawsuit brought against him by Elon Musk, simplifying the AI company's path to an IPO.
A jury threw out Musk's claim that OpenAI turned itself improperly into a for-profit business from a nonprofit, saying he waited too long to sue. The verdict may be difficult to appeal. Musk, like Altman, is an OpenAI co-founder.
But Altman's win came at the cost of hearing his former colleagues call him a liar - repeatedly - under oath. I encourage you to read my colleagues' coverage of how Altman, the public face of the ChatGPT maker, endured days of testimony from former colleagues and other witnesses who described him as an untrustworthy leader.
During his cross-examination of Altman, Musk's lawyer cited comments from eight witnesses, including Musk, who said Altman misled or lied to others. Altman defended himself in response, testifying, "I believe I am an honest and trustworthy businessperson."
Altman also fired back that Musk himself was interested in for-profit plans for OpenAI. You can hit the button below for the full rundown.
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John Ketchum, CEO of NextEra Energy, speaks during the CERAWeek energy conference in Houston, Texas, U.S., March 23, 2026. REUTERS/Danielle Villasana/File Photo
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- Domini Impact Investments said findings in its 2025 annual report point "to a clear shift in global markets: investor demand is firmly embedding sustainability into the core of corporate strategy and long-term value creation."
- Activist investors Mercy Investment Services, SOC Investment Group, and Trillium Asset Management have begun a "vote no" campaign against two senior directors at retailer Target. The three cite lagging performance they say stems from "blunders" that alienated customers from Black, Latino, LGBTQ+ and other backgrounds. Asked for comment, a Target representative cited director elections material in its proxy statement.
- At Schwab's annual meeting set for Thursday, critics including activist investor group As You Sow plan to question moves by donor-advised fund operators to block account holders from directing grants to the Southern Poverty Law Center. The civil rights group was charged with fraud by the Trump administration. A representative for Schwab-affiliated DAFgiving360 said it may suspend grants to charities under investigation.
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