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By RANDALL CHASE, Associated Press DOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys , who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. McCormick concluded in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price.Joe Burrow's home broken into during Monday Night Football in latest pro-athlete home invasion

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Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk

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DOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys , who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. McCormick concluded in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price. Following the court ruling, Tesla shareholders met in June and ratified Musk’s 2018 pay package for a second time, again by an overwhelming margin. Defense attorneys then argued that the second vote makes clear that Tesla shareholders, with full knowledge of the flaws in the 2018 process that McCormick pointed out, were adamant that Musk is entitled to the pay package. They asked the judge to vacate her order directing Tesla to rescind the pay package. McCormick, who seemed skeptical of the defense arguments during an August hearing, said in Monday’s ruling that those arguments were fatally flawed. “The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law,” McCormick wrote in a 103-page opinion. The judge noted, among other things, that a stockholder vote standing alone cannot ratify a conflicted-controller transaction. “Even if a stockholder vote could have a ratifying effect, it could not do so here due to multiple, material misstatements in the proxy statement,” she added. Meanwhile, McCormick found that the $5.6 billion fee request by the shareholder’s attorneys, which at one time approached $7 billion based on Tesla’s trading price, went too far. “In a case about excessive compensation, that was a bold ask,” McCormick wrote. Attorneys for the Tesla shareholder argue that their work resulted in the “massive” benefit of returning shares to Tesla that otherwise would have gone to Musk and diluted the stock held by other Tesla investors. They value that benefit at $51.4 billion, using the difference between the stock price at the time of McCormick’s January ruling and the strike price of some 304 million stock options granted to Musk. While finding that the methodology used to calculate the fee request was sound, the judge noted that the Delaware’s Supreme Court has noted that fee award guidelines “must yield to the greater policy concern of preventing windfalls to counsel.” “The fee award here must yield in this way, because $5.6 billion is a windfall no matter the methodology used to justify it,” McCormick wrote. A fee award of $345 million, she said, was “an appropriate sum to reward a total victory.” The fee award amounts to almost exactly half the current record $688 million in legal fees awarded in 2008 in litigation stemming from the collapse of Enron.

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Former Indian PM Manmohan Singh 's role in the 2008 nuclear deal may be a forgotten one amid the current geopolitical scenario with different Presidents and PMs at the helm of power in the US and India, but his contribution has been a pivotal one in building up of the India US bond . ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping Has former PM Manmohan Singh worked to build the Indo-US bond? The United States and India did not have a great relationship since India's independence, with the Western powers backing Pakistan strongly at a point when India had close ties with Soviet Union. Manmohan Singh came to the political core of India when USSR was on the brink of collapse, and from thereon, he has tried to build up the economic bond between the United States and India, since his time as the Finance Minister. His economic vision has more than a few times, saved India from an economic crisis and his contribution towards Indo-US relations must aways be remembered. Ex-PM Manmohan Singh passes away, India in shock, condolences pour in Former PM Manmohan Singh has reportedly passed away after being admitted to the hospital in a critical condition. PTI has already tweeted the news of his death on their social media handle. Former PM Manmohan Singh has died: AIIMS Delhi pic.twitter.com/UYSo99hU9r — Press Trust of India (@PTI_News) December 26, 2024 Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrows InnovationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingPerformance Marketing for eCommerce BrandsBy - Zafer Mukeri, Founder- Inara MarketersView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceA2Z Of MoneyBy - elearnmarkets, Financial Education by StockEdgeView Program MarketingModern Marketing Masterclass by Seth GodinBy - Seth Godin, Former dot com Business Executive and Best Selling AuthorView Program AstrologyVastu Shastra CourseBy - Sachenkumar Rai, Vastu ShashtriView Program StrategySuccession Planning MasterclassBy - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.View Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)AI and Analytics based Business StrategyBy - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCIView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Pam MooreBy - Pam Moore, Digital Transformation and Social Media ExpertView Program Artificial Intelligence(AI)AI-Powered Python Mastery with Tabnine: Boost Your Coding SkillsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital marketing - Wordpress Website DevelopmentBy - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy - CA Rahul Gupta, CA with 10+ years of experience and Accounting EducatorView Program Data ScienceSQL Server Bootcamp 2024: Transform from Beginner to ProBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Is Manmohan Singh the crucial figure in the Indo-US nuclear deal? 2008 brought in a groundbreaking nuclear deal between the United States and India, which was proposed and spearheaded by Manmohan Singh, who was the Prime Minister of India back then, with George W. Bush being the US President then. The US Congress gave their final approval to an agreement facilitating nuclear cooperation between the United States and India, which was criticized by a majority of countries who weren't allies of the Western powers back then. However, PM Singh and President Bush stood their ground and tried to get this deal sealed in a bid towards international nonproliferation efforts. That very deal lifted the moratorium of nuclear trade between both the countries that was into implementation for around three decades, as per reports. However, critics across India and US called the terms of this nuclear deal agreement overly beneficial for India, and both President Bush and PM Singh had to face the wrath of the international community back then.FAQs:Has Prime Minister Manmohan Singh passed away? Former PM Manmohan Singh has passed away after being admitted to an hospital in India, citing critical illness, as per reports. Who signed the 2008 US-India nuclear deal? Former Indian Prime Minister Manmohan Singh and former US President George W Bush were responsible for the signing of the 2008 US India nuclear deal. #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} (You can now subscribe to our Economic Times WhatsApp channel)Read More News onmanmohan singh deathManmohan Singh2008 nuclear dealIndia US bondeconomic vision of Manmohan Singhpm manmohan singh death newsindo us nuclear dealeconomic crisis(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless(You can now subscribe to our Economic Times WhatsApp channel)Read More News onmanmohan singh deathManmohan Singh2008 nuclear dealIndia US bondeconomic vision of Manmohan Singhpm manmohan singh death newsindo us nuclear dealeconomic crisis(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....morelessPrime ExclusivesInvestment IdeasStock Report PlusePaperWealth EditionHow IndiGrid plans to up distribution per unit by 16% in 5 yearsGoogle and OpenAI are letting AI reason and draw inferences. 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Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others Your Reason has been Reported to the admin. X To post this comment you must Log In/Connect with: The Economic Times or Fill in your details: Will be displayed Will not be displayed Will be displayed Share this Comment: Post to Twitter { "@context": "https://schema.org", "@type": "NewsArticle", "inLanguage":"en", "keywords" : ["manmohan singh death","Manmohan Singh","Indo-US relations","2008 nuclear deal","India US bond","economic vision of Manmohan Singh","pm manmohan singh death news","indo us nuclear deal","economic crisis","contribution towards Indo-US relations"], "headline": "Manmohan Singh, the 'forgotten hero' in the controversial 2008 nuclear deal? Here's how he worked towards ", "description": "India and the United States' foreign relations are currently at its peak, with reigning PM Narendra Modi and Joe Biden sharing a close bond, and President-elect Donald Trump also having strong terms with India's foreign officials as well as the Indian PM. But, little do we know about the person who was at the core of improving India-US relations over the past two decades. Here's an insight into how former PM Manmohan Singh contributed towards building up of Indo-US terms", "datePublished": "2024-12-26T23:06:00+05:30", "dateModified": "2024-12-26T23:06:00+05:30", "url":"https://economictimes.indiatimes.com/news/international/us/manmohan-singh-the-forgotten-hero-in-the-controversial-2008-nuclear-deal-heres-how-he-worked-towards-improving-indo-us-relations/articleshow/116690596.cms", "mainEntityOfPage":"https://economictimes.indiatimes.com/news/international/us/manmohan-singh-the-forgotten-hero-in-the-controversial-2008-nuclear-deal-heres-how-he-worked-towards-improving-indo-us-relations/articleshow/116690596.cms", "articleSection" : "News", "articleBody":"Former Indian PM Manmohan Singh's role in the 2008 nuclear deal may be a forgotten one amid the current geopolitical scenario with different Presidents and PMs at the helm of power in the US and India, but his contribution has been a pivotal one in building up of the India US bond. Has former PM Manmohan Singh worked to build the Indo-US bond?The United States and India did not have a great relationship since India's independence, with the Western powers backing Pakistan strongly at a point when India had close ties with Soviet Union. Manmohan Singh came to the political core of India when USSR was on the brink of collapse, and from thereon, he has tried to build up the economic bond between the United States and India, since his time as the Finance Minister. His economic vision has more than a few times, saved India from an economic crisis and his contribution towards Indo-US relations must aways be remembered. Ex-PM Manmohan Singh passes away, India in shock, condolences pour inFormer PM Manmohan Singh has reportedly passed away after being admitted to the hospital in a critical condition. PTI has already tweeted the news of his death on their social media handle. Is Manmohan Singh the crucial figure in the Indo-US nuclear deal? 2008 brought in a groundbreaking nuclear deal between the United States and India, which was proposed and spearheaded by Manmohan Singh, who was the Prime Minister of India back then, with George W. Bush being the US President then. The US Congress gave their final approval to an agreement facilitating nuclear cooperation between the United States and India, which was criticized by a majority of countries who weren't allies of the Western powers back then. However, PM Singh and President Bush stood their ground and tried to get this deal sealed in a bid towards international nonproliferation efforts. That very deal lifted the moratorium of nuclear trade between both the countries that was into implementation for around three decades, as per reports. However, critics across India and US called the terms of this nuclear deal agreement overly beneficial for India, and both President Bush and PM Singh had to face the wrath of the international community back then.FAQs:Has Prime Minister Manmohan Singh passed away? Former PM Manmohan Singh has passed away after being admitted to an hospital in India, citing critical illness, as per reports. Who signed the 2008 US-India nuclear deal? Former Indian Prime Minister Manmohan Singh and former US President George W Bush were responsible for the signing of the 2008 US India nuclear deal.", "image": { "@type": "ImageObject", "url": "https://img.etimg.com/thumb/msid-116690603,resizemode-4,width-1200,height-900,imgsize-340975,overlay-economictimes/articleshow.jpg", "width": 1200, "height": 900 }, "author": { "@type": "Thing", "name": "" }, "publisher": { "@type": "NewsMediaOrganization", "name": "Economic Times", "logo": { "@type": "ImageObject", "url": "https://img.etimg.com/thumb/msid-76939477,width-600,height-60,quality-100/economictimes.jpg", "width": 600, "height": 60 } } } { "@context": "https://schema.org/", "@type" : "WebPage", "name" : "Manmohan Singh, the 'forgotten hero' in the controversial 2008 nuclear deal? 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"}}]} //set iframe height on load (function(){ $('#toispecials-iframe').height($(window).height()); })(); /* function scrollIframeToTop() { setTimeout(function() { $('body, html').animate({ scrollTop: $menuEl.offset().top }, 800); }, 500); } scrollIframeToTop(); */ var countryCode = window.geoinfo && geoinfo.CountryCode; if (countryCode === "IN"){ $('.inSideInd').addClass("show"); $('.outsideInd').remove(); } else{ $('.outsideInd').addClass("show"); $('.inSideInd').remove(); } window.onload = function() { // setFont(); }; Stories you might be interested in Subscribe to our ET Investment Opportunities SUBMIT if(window.location.href.indexOf('.com/articleshow/') != -1){ grxEvent('event', {'event_category': 'articleshow', 'event_action': 'url_issue referrer: ' + document.referrer, 'event_label': window.location.href}); }

Indiana got what it wanted Tuesday night in a 97-71 rout of Sam Houston State -- a lopsided victory where its bench played well and it didn't have to go down to the wire. The Hoosiers will look for more of the same Friday night in Bloomington when they continue their homestand against nonconference foe Miami (Ohio). Four players scored in double figures for Indiana (6-2) against the Bearkats, including 18 from reserve Luke Goode. The Illinois transfer hit four 3-pointers in less than four minutes of the first half, enabling the Hoosiers to take a 34-12 lead. Led by Goode, Indiana's bench contributed a whopping 36 points. "I thought it was a total team effort on everybody's part," Hoosiers coach Mike Woodson said. "Helps when your bench come off and play the way they did. Goode was fantastic but everybody off the bench played well." Indiana also got an encouraging 19-point performance from point guard Myles Rice, who struggled a bit in the first seven games in terms of making shots and running the offense. Rice (11.1 ppg) is one of four double-figure scorers in an attack led by Mackenzie Mgbako (16.8). Meanwhile, the RedHawks (5-2) are coming off a 73-60 home win Monday against Air Force. Bellarmine transfer Peter Suder poured in a career-high 42 points on 17-of-21 shooting, the highest-scoring game in program history since Wally Szczerbiak scored 43 in 1999. Suder, who averaged 10.5 ppg as a sophomore last season, is up to 17.4 ppg this season. He's hitting 58.8 percent of his field goals while also chipping in 4.0 rebounds, 3.0 assists and 1.6 steals. "I always say players win games, man. Coaches lose games," Miami coach Travis Steele told the Journal-News. "Peter was phenomenal. It was just get out of the way and just let him go." Forward Kam Craft, who Steele landed out of high school when he was still coaching at Xavier, is the RedHawks' second-leading scorer at 14.1 ppg. The Hoosiers have won 22 of the previous 25 meetings, including an 86-56 rout two years ago in Indianapolis. --Field Level MediaIn a decisive move, U.S. President-elect Donald Trump has selected former Senator David Perdue to serve as ambassador to China. Perdue, with a background in business, is anticipated to navigate the longstanding trade tensions and mistrust characterizing U.S.-China relations. Announcing the appointment via his social media platform, Trump highlighted the critical role Perdue will play in maintaining peace and fostering productive communications with Chinese leaders. As he prepares for his term, commencing January 20, 2025, Trump has expressed intent to impose a 10% tariff on Chinese goods unless China acts to curb fentanyl trafficking. Perdue's nomination reflects a traditional approach of assigning political figures to the Beijing embassy, deviating from incumbent President Joe Biden's preference for career diplomats. Trump's hardline strategy is further evidenced by appointing Senator Marco Rubio for Secretary of State, hinting at a broader policy that transcends trade issues. (With inputs from agencies.)

Democrats left fuming over Biden’s decision to pardon his son — after he repeatedly said he wouldn’t

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