File – Tesla CEO Elon Musk waves as he arrives at the annual political festival Atreju, organized by the Giorgia Meloni’s Brothers of Italy political party, in Rome, Dec. 16, 2023. A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 […]
A judge has said Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than 55 billion dollars (£43.4 billion). The ruling in a Delaware court comes five years after a shareholder lawsuit targeted Tesla chief executive Mr Musk and the directors. They were accused of […]
A Delaware Chancery Court judge has voided Tesla (TSLA) CEO Elon Musk’s $55 billion pay package. A Tesla shareholder had sued Musk and Tesla, arguing the pay package was excessive and that the company’s board “breached their fiduciary duties.” In the decision, the judge says “the compensation plan is subject to review under the entire […]
By Tom Hals WILMINGTON (Reuters) – A Delaware judge on Tuesday ruled that billionaire Elon Musk’s $56 billion Tesla pay package could be voided, calling the compensation “an unfathomable sum” that was not fair to shareholders, according to a court filing. “The plaintiff is entitled to rescission,” the judge said in her ruling. The court’s […]
House Speaker Mike Johnson said he intends to put a bipartisan tax package on the floor for a vote that would need a two-thirds majority to pass — moving business breaks and an expansion of the Child Tax Credit one significant step toward passage in the House. “There’s a few subsets of members you have […]
The Netherlands has allocated €122 million ($132 million) to support Ukraine’s ammunition supply, equipment, and cybersecurity, Dutch Defense Minister Kajsa Ollongren announced on Jan. 29. Ollongren said that €87 million ($94 million) will go towards purchasing artillery shells for Ukraine, and €10 million ($10.8 million) will go toward improving Ukraine’s cyber defenses. The contribution to […]
Authorities with the Los Angeles County Sheriff’s Department’s Special Enforcement Bureau briefly shut down an area of West Hollywood while deputies worked to clear a suspicious package Sunday, authorities confirmed to KTLA. A call about the package in the 8800 block of Melrose Avenue came in at around 11:45 a.m., according to LASD. In photos […]
All 27 members of the European Union appear to agree on approving a four-year 50 billion euro ($54 billion) aid package for Ukraine, Prime Minister Denys Shmyhal said on Jan. 26. As Hungarian Prime Minister Viktor Orban blocked the financial support for Kyiv during a December summit, EU leaders are to reconvene on the matter […]
(Reuters) – Chinese authorities are considering a package of measures to stabilise a slumping stock market, Bloomberg News reported on Tuesday, citing people familiar with the matter. Chinese policymakers are seeking to mobilise about 2 trillion yuan ($278.53 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilisation fund to […]
Ukrainian President Volodymyr Zelenskyy has announced that Poland will provide Kyiv with a new package of weapons. Source: Zelenskyy on Twitter (X) following a meeting with Polish Prime Minister Donald Tusk in Kyiv Quote: “We appreciate Poland’s unwavering support and the new military aid package for Ukraine, as well as a new form of cooperation […]
The European Union has begun discussing a new 13th package of sanctions against Russia, which it seeks to approve by 24 February, the second anniversary of Russia’s invasion of Ukraine. Source: Bloomberg with reference to people familiar with this issue; European Pravda Details: Potential measures could include new lists, more trade restrictions, and a fight […]
The German government announced on Jan. 17 a new package of military aid for Ukraine, which includes ammunition for Leopard 1 tanks, reconnaissance drones, and SatCom communication terminals. The German government has said that it would provide Ukraine with EUR 7 billion ($ 7.6 billion) in military aid in 2024, according to Chancellor Olaf Scholz. The country transferred Gepard anti-aircraft vehicles, other military equipment, and ammunition to Ukraine in December. […]