Things To Do In SW Florida

By MICHELLE CHAPMAN and BERNARD CONDON, AP Business Writers

The world’s richest man could become its first trillionaire if Elon Musk hits a series of extremely aggressive targets for his electric car company over the next decade, according to a proposed pay package released by the company.

Tesla said in a regulatory filing Friday that it will hand Musk shares worth as much as 12% of the company in a dozen separate packages if the company meets certain performance targets, including massive increases in car production, share price and operating profit. If approved by shareholders, the new pay package could make Musk the world’s first trillion dollar executive, and would mark a new level of outsized pay in a country already known for extreme compensation. But the payoff is in shares, not cash, and the goals are extreme as well.

Musk overcame doubters to turn Tesla into the world’s most valuable car company, but he could face even steeper odds in hitting the targets set by the company’s compensation committee — not least because of Tesla’s main business of making electric vehicles is currently in a slump, in part because of Musk’s foray into right-wing politics. read more

By MARI YAMAGUCHI, Associated Press

TOKYO (AP) — Japan’s Prime Minister Shigeru Ishiba welcomed U.S. President Donald Trump’s signing of an order to implement lower tariffs on automobiles and other Japanese imports as a step that addressed uncertainty for key industries.

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The reduction to 15% from the previous 25% was agreed between the two sides on July 22.

“Tariff negotiations between Japan and the United States was the top priority for the government and we have put all our effort into achieving an agreement in a best possible way as soon as possible,” Ishiba said Friday. “The way it was achieved … is just excellent.” read more

Health care

Christopher Bugeya was hired as director of dining services at The Mayflower at Winter Park.

Real estate

Amber Adams has joined Premier Sotheby’s International Realty, New Smyrna Beach, as a sales advisor.

Courtney Bass has joined Premier Sotheby’s International Realty, Winter Park, as a sales advisor.

Erik Baum has joined Premier Sotheby’s International Realty, Southeast Orlando, as a sales advisor.

Raquel Campos has joined Premier Sotheby’s International Realty, Southwest Orlando, as a sales advisor.

Michelly Da Silva has joined Premier Sotheby’s International Realty, Southwest Orlando, as a sales advisor.

Daphney Excellent has joined Premier Sotheby’s International Realty, Southwest Orlando, as a sales advisor.

Jackson Galley has joined Premier Sotheby’s International Realty, Southwest Orlando, as a sales advisor.

Karina Veiga has joined Premier Sotheby’s International Realty, Southwest Orlando, as a sales advisor.

Other

Jeremy Konvalinka was appointed MetroWest public service manager for the MetroWest Master Association. read more

The Lake County Board of Commissioners decided this week to join a handful of residents in their fight against a new Leesburg subdivision they fear will cause flooding to the lands and roads around their homes.

Set to rise on just over 55 acres along County Road 44 and Treasure Island Avenue, Treasure Trove is a planned 110-lot subdivision. The City of Leesburg annexed the property and approved the zoning in 2023.

The developer purchased the Treasure Trove site in May for $1.6 million and filed development plans with the St. Johns River Water Management District, which approved its permit.

After the district approved that environmental permit, several residents who live within a mile of the project site — led by Lisa Hayden — sought an administrative hearing to reverse the decision.

Hayden said the elevation changes between the development and the surrounding area would undoubtedly cause water to run downhill towards the wetlands and nearby properties, a view she shared with Jerome Henin, president of Henin Group, the Winter Park firm developing the property. read more

The Associated Press

WASHINGTON (AP) — The U.S. Justice Department urged a federal judge on Thursday to allow the immediate removal of Federal Reserve Governor Lisa Cook while she fights to keep her job, dismissing as “baseless” Cook’s claim that the president is attempting to fire her so that he can seize control of the independent central bank.

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Trump said he was firing Cook on Aug. 25 after one of his appointees alleged that she committed mortgage fraud related to two properties she purchased in 2021, before she joined the Fed. Cook is accused of falsely listing two properties as “primary residences.” Down payment requirements are often more lenient and mortgage rates lower for primary residences versus a second home or investment property. read more