Tesla CEO Elon Musk has agreed to step down as chairman of Tesla’s board for three years as part of an agreement with the SEC. Musk became the subject of an SEC lawsuit for fraud in August when he mislead investors by tweeting that he had “funding secured” for a buyout of Tesla at $420 per share.
Netflix has named Susan Rice to its board of directors. The former Obama ambassador has been criticized for her handling of the 2012 attack on the U.S. embassy in Benghazi. Meanwhile, Barack and Michelle Obama are reportedly in talks to provide shows for the company.
Happy 20th Birthday, Google! Created by Larry Page and Sergey Brin as a research project at Stanford, they called the search engine "Google" after the mathematical term "googo." The term refers to the No. 1 followed by 100 zeros, to reflect their mission to organize the immense amount of information available on the web.
In a CNN interview, beach volleyball champion Kerri Walsh-Jennings says she was warned she might lose her sponsorships when she discovered she was six weeks pregnant with her first child at the London Olympics. “Certain brands stepped up when others leave. That’s just the cycle of life,” she said.
Reese Witherspoon is in talks to star as Elle Woods in Legally Blonde 3, according to ‘Deadline,’ which will feature most of the original creative team. It’s been 17 years since the original film; the plot is under wraps but is said to be in the same style with focus on female empowerment.
Sen. Cory Booker released 12 pages of emails sent by Supreme Court nominee Brett Kavanaugh that dealt with racial inequality. By making the documents public, Booker broke Senate rules as they were originally marked "committee confidential." He could face expulsion.