Photo: David McNew/AFP via Getty Images

The stock market might look as though it's effortlessly gliding to record highs, but there's a lot of turmoil right below the surface, much of it related to tensions between shareholders and management.

Driving the news: At Tesla, CEO Elon Musk seems to be constitutionally incapable of dialing down the tweets that have cost him and his shareholders billions of dollars in wealth.

  • His calls for short selling to be made illegal will be music to the ears of, well, short sellers like David Einhorn, who smell blood in the water.

At Unilever, lame-duck CEO Paul Polman wanted to cement his legacy by finally getting rid of the company's anachronistic and confusing structure of having dual listings and dual headquarters in London and Rotterdam.

  • He failed: The move would have been good for the company as a whole, but bad for U.K. shareholders, many of whom would have been forced to sell their stock once Unilever became a Dutch company headquartered solely in the Netherlands.
  • What happens next is anyone's guess, especially after the U.K. leaves the EU in March.

At GE, CEO John Flannery was unceremoniously defenestrated on Monday, after just one year running the troubled conglomerate.

  • The company took the opportunity to take a $23 billion write-down on the value of its power unit, most of it related to the disastrous $10.6 billion acquisition of Alstom's power business in 2015. Amazingly, the write-down on that single acquisition is likely to be substantially greater than the purchase price.
  • If his history is any indication, new CEO Larry Culp is likely to lower the company's dividend.
  • To make matters worse, Culp has no experience at GE beyond a short stint on its board.
  • GE shares rose on the news, but the real story is told in the bond markets, where GE debt continues to trade at deeply depressed levels and where S&P just downgraded the company to a mere three notches above junk. It's a far cry from the perfect AAA rating that GE enjoyed in March 2009.

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The COVID-19 learning cliff

Illustration: Aïda Amer/Axios

Perhaps the most jarring reality of the COVID-19 pandemic for families has been the sudden and dramatic disruption to all levels of education, which is expected to have deep social and economic repercussions for years — if not decades — to come.

Why it matters: As millions of students are about to start the school year virtually, at least in part, experts fear students may fall off an educational cliff — missing key academic milestones, falling behind grade level and in some cases dropping out of the educational system altogether.

Postal slowdown threatens election breakdown

In 24 hours, signs of a pre-election postal slowdown have moved from the shadows to the spotlight, with evidence emerging all over the country that this isn't a just a potential threat, but is happening before our eyes.

Why it matters: If you're the Trump administration, and you're in charge of the federal government, remember that a Pew poll published in April found the Postal Service was viewed favorably by 91% of Americans.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 21,280,608 — Total deaths: 767,422— Total recoveries: 13,290,879Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 5,335,398 — Total deaths: 168,903 — Total recoveries: 1,796,326 — Total tests: 65,676,624Map.
  3. Health: The coronavirus-connected heart ailment that could lead to sudden death in athletes — Patients grow more open with their health data during pandemic.
  4. States: New York to reopen gyms, bowling alleys, museums.
  5. Podcasts: The rise of learning podsSpecial ed under pressure — Not enough laptops — The loss of learning.