A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Chancellor Kathaleen McCormick first rejected the plan earlier this year on the grounds that Musk had unfair influence over shareholders and that negotiations over his pay plan were not legitimate. McCormick rejected the plan again this week, citing similar reasons, although attorneys for Musk have argued that the outsized compensation plan is justified because it’s directly tied to Tesla’s valuation, which currently sits at more than $1 trillion. A dominant player in the electric vehicle market, Tesla has faced setbacks this year amid increased competition and safety concerns surrounding its Full Self-Driving mode . The company slashed more than 10% of its global workforce in April, citing a need to cut costs. Musk was tapped last month to lead President-elect Donald Trump’s new Department of Government Efficiency, a role that could bolster his influence and Tesla’s standing. How did we get here? Tesla shareholder Richard Tornetta filed a lawsuit against Musk and the company in 2018 after the majority of shareholders approved a 10-year performance-based pay package for Musk. Tornetta alleged that Musk misled investors who approved the plan and exercised inappropriate influence over negotiations. Musk denied the allegations at trial, saying he did not control the terms of the pay package or attend meetings where it was discussed. McCormick sided with Tornetta in January and blocked the plan. After the ruling, Tesla shareholders voted again to approve the pay package, with more than 70% in favor, but it was not enough to change McCormick’s mind. Why did the judge rule twice? After McCormick’s first ruling, Musk’s attorneys argued that the shareholders’ overwhelming support of his compensation plan should override the court’s decision. Tesla shareholders voted twice to approve the plan, but McCormick maintained that they were not acting independently. “There were undoubtedly a range of healthy amounts that the board could have decided to pay Musk,” McCormick wrote in her second opinion. Instead, the board “capitulated to Musk’s terms and then failed to prove that those terms were entirely fair,” she said. McCormick said that it was not standard for a judge to change a ruling based on the vote of shareholders. There was “no procedural ground” to reverse the decision, she wrote. How does Musk’s pay compare? If approved, Musk’s compensation plan would be the largest in U.S. history for a public company executive, according to CNBC . The pay plan includes a series of 12 milestones and would award Musk additional Tesla shares as the company grows. In order for Musk to reach each milestone, Tesla’s market capitalization must increase in $50-billion increments. For Musk to fully vest in the award, the company’s market cap must reach $650 billion, the company said. Musk’s attorneys argue that the pay plan is a reflection of what the executive is worth, but McCormick disagrees. In her second ruling, the judge also awarded the plaintiffs $345 million in legal fees, although plaintiff attorneys had asked for a whopping $5.6 billion. Who’s right? Corporate governance expert Charles Elson said the Delaware court’s ruling was sound and in line with the law because Musk had violated conflict of interest regulations. Tesla also created improper new evidence after McCormick’s first decision by calling for a second shareholder vote, he said. “The judge found that the board was not independent of Musk and there was no negotiation between him and the board that produced this package, which makes it suspect,” Elson said. “The standard rules have to apply.” What will Musk do now? Musk criticized McCormick’s ruling on X, the social media platform he owns, writing that “shareholders should control company votes, not judges.” Tesla also posted on X that the court’s decision was wrong and the company plans to appeal. The appeal would be filed with the Delaware Supreme Court. “This ruling, if not overturned, means that judges and plaintiffs’ lawyers run Delaware companies rather than their rightful owners,” the company wrote . Attorneys for Tornetta and the other shareholders who oppose Musk’s pay plan said they would defend the court’s ruling if the decision is appealed. The Associated Press contributed to this report.STEVENSON, Wash. — Two Oregon men were found dead in a Washington state forest after they failed to return from a trip to look for Sasquatch, authorities said Saturday. The 59-year-old and 37-year-old appear to have died from exposure, the Skamania County Sheriff’s Office said via Facebook. The weather and the men’s lack of preparedness led the office to draw that conclusion, it said. Sasquatch is a folkloric beast thought by some to roam the forests, particularly in the Pacific Northwest. The two men were found in a heavily wooded area of the Gifford Pinchot National Forest, which is about 150 miles northeast of Portland. A family member reported them missing at around 1 a.m. on Christmas Day after they failed to return from a Christmas Eve outing. Sixty volunteer search-and-rescue personnel helped in the three-day search, including canine, drone and ground teams. The Coast Guard used infrared technology to search from the air. Authorities used camera recordings to locate the vehicle used by the pair near Willard, which is on the southern border of the national forest.
‘Energy very good’: India’s bold claimPostcards from Santa returns to Helena for second year
NoneBluesky is on the verge of overtaking Threads in all the ways that matter
Injured Philadelphia Eagles quarterback Jalen Hurts won't play Sunday against DallasTrump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office President-elect Donald Trump has asked the Supreme Court to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. Trump's request Friday came as TikTok and the Biden administration filed opposing briefs to the court. Oral arguments are scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. The brief said Trump opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.” Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market NEW YORK (AP) — Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose to 4.62%. 10 tips from experts to help you change your relationship with money in 2025 NEW YORK (AP) — As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated. If you’re planning to make financial resolutions for the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they’re attainable for your lifestyle. Janet Yellen tells Congress US could hit debt limit in mid-January WASHINGTON (AP) — Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14th, in a letter sent to congressional leaders Friday afternoon. The department has taken such action in the past. But once those measures run out the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76 NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76. Parsons died Thursday at his Manhattan home. He was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. Financial services company Lazard confirmed his death. Parsons was a longtime member of the company's board. His friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years.
Special counsel Jack Smith's move on Monday to abandon the federal election interference case against Trump means jurors will likely never decide whether the president-elect is criminally responsible for his attempts to cling to power after losing the 2020 campaign. The decision to walk away from the election charges and the separate classified documents case against Trump marks an abrupt end of the Justice Department’s unprecedented legal effort that once threatened his liberty but appears only to have galvanized his supporters. The abandonment of the cases accusing Trump of endangering American democracy and national security does away with the most serious legal threats he was facing as he returns to the White House. It was the culmination of a monthslong defense effort to delay the proceedings at every step and use the criminal allegations to Trump's political advantage, putting the final word in the hands of voters instead of jurors. “We always knew that the rich and powerful had an advantage, but I don’t think we would have ever believed that somebody could walk away from everything,” said Stephen Saltzburg, a George Washington University law professor and former Justice Department official. “If there ever was a Teflon defendant, that’s Donald Trump.” While prosecutors left the door open to the possibility that federal charges could be re-filed against Trump after he leaves office, that seems unlikely. Meanwhile, Trump's presidential victory has thrown into question the future of the two state criminal cases against him in New York and Georgia. Trump was supposed to be sentenced on Tuesday after his conviction on 34 felony counts in his New York hush money case , but it's possible the sentencing could be delayed until after Trump leaves office, and the defense is pushing to dismiss the case altogether. Smith's team stressed that their decision to abandon the federal cases was not a reflection of the merit of the charges, but an acknowledgement that they could not move forward under longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. Trump's presidential victory set “at odds two fundamental and compelling national interests: On the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law,” prosecutors wrote in court papers. The move just weeks after Trump's victory over Vice President Kamala Harris underscores the immense personal stake Trump had in the campaign in which he turned his legal woes into a political rallying cry. Trump accused prosecutors of bringing the charges in a bid to keep him out of the White House, and he promised revenge on his perceived enemies if he won a second term. “If Donald J. Trump had lost an election, he may very well have spent the rest of his life in prison,” Vice President-elect JD Vance, wrote in a social media post on Monday. “These prosecutions were always political. Now it’s time to ensure what happened to President Trump never happens in this country again.” After the Jan. 6 attack by Trump supporters that left more than 100 police officers injured, Republican leader Mitch McConnell and several other Republicans who voted to acquit Trump during his Senate impeachment trial said it was up to the justice system to hold Trump accountable. The Jan. 6 case brought last year in Washington alleged an increasingly desperate criminal conspiracy to subvert the will of voters after Trump's 2020 loss, accusing Trump of using the angry mob of supporters that attacked the Capitol as “a tool” in his campaign to pressure then-Vice President Mike Pence and obstruct the certification of Democrat Joe Biden's victory. Hundreds of Jan. 6 rioters — many of whom have said they felt called to Washington by Trump — have pleaded guilty or been convicted by juries of federal charges at the same courthouse where Trump was supposed to stand trial last year. As the trial date neared, officials at the courthouse that sits within view of the Capitol were busy making plans for the crush of reporters expected to cover the historic case. But Trump's argument that he enjoyed absolute immunity from prosecution quickly tied up the case in appeals all the way up to the Supreme Court. The high court ruled in July that former presidents have broad immunity from prosecution , and sent the case back to the trial court to decide which allegations could move forward. But the case was dismissed before the trial court could get a chance to do so. The other indictment brought in Florida accused Trump of improperly storing at his Mar-a-Lago estate sensitive documents on nuclear capabilities, enlisting aides and lawyers to help him hide records demanded by investigators and cavalierly showing off a Pentagon “plan of attack” and classified map. But U.S. District Judge Aileen Cannon dismissed the case in July on grounds that Smith was illegally appointed . Smith appealed to the Atlanta-based 11th U.S. Circuit Court of Appeals, but abandoned that appeal on Monday. Smith's team said it would continue its fight in the appeals court to revive charges against Trump's two co-defendants because “no principle of temporary immunity applies to them.” In New York, jurors spent weeks last spring hearing evidence in a state case alleging a Trump scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. New York prosecutors recently expressed openness to delaying sentencing until after Trump's second term, while Trump's lawyers are fighting to have the conviction dismissed altogether. In Georgia, a trial while Trump is in office seems unlikely in a state case charging him and more than a dozen others with conspiring to overturn his 2020 election loss in the state. The case has been on hold since an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case.
Neal Maupay incurred the wrath of Everton fans once more after taking aim at his parent club on social media. French striker Maupay joined the Toffees from Brighton in the summer of 2022, but found the net just once after his big-money move. He was allowed to join Brentford on loan last term, and is spending the current campaign out on loan again - this time with Marseille . The 28-year-old is set to join the French club permanently at the end of the season, and has already scored more goals in just 11 games than in a full season with Everton. His parent club have been struggling, with no player scoring more than three league goals for Sean Dyche's side. Everton lost 2-0 to Nottingham Forest on Sunday to leave themselves three points clear of the drop zone. That gap could narrow even further if Ipswich beat Chelsea on Monday night, and Maupay appeared to enjoy Everton's struggles. "Whenever I’m having a bad day I just check the Everton score and smile," the striker wrote . A number of Everton fans took the bait, with some pointing to his dismal goalscoring record at Goodison Park. "Craig Dawson scored more goals for us than you did mate," wrote one, referencing the Wolves defender's brace of own goals in a meeting this season. Another pointed to the fact that former Everton goalkeeper Tim Howard was able to match Maupay's tally of one goal for the club. While he only has two goals this term, Maupay added four assists in his last four Ligue 1 games after breaking into Roberto De Zerbi's starting line-up at Stade Velodrome. Three of those four matches ended in wins for Marseille, who sit second behind league leaders Paris Saint-Germain. What did you make of Neal Maupay's comments? Havr your say in the comments section Everton lost their first four Premier League matches of the season but had been beaten just twice in the next 13 outings before Nottingham Forest came to Goodison Park on Sunday. High-flying Forest came away with all three points, though, with goals from Chris Wood and Morgan Gibbs-White sending them second. "At the end of the day, you know I thought their centre-forward Chris Wood, who I have worked with before, was excellent," Everton boss Dyche said after the defeat. "He didn’t get many touches of the ball but his work ethic, his belief, his consistency, his physicality – and then he gets his reward with a goal. "That can often be the difference. I've spoken to our centre-forwards about it because I want them to learn and continue to learn about what it is. It can't all be beautiful, it can't all be pure. I thought he was excellent doing the ugly, hard yards today. I think that gave them a focal point, which they've had all season. "I was speaking to our players about how I consider them to be top players and that's just doing the hard yards, you know, really working hard to fight and graft and work for your team and then your rewards come. That's something we've got to continually learn because we’ve got to find a way of scoring goals." Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. Sky has slashed the price of its Sky Sports, Sky Stream, Sky TV and Netflix bundle in an unbeatable new deal that saves £240 and includes 1,400 live matches across the Premier League, EFL and more.NEW YORK (AP) — Top-ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans . Lamenting the contretemps, International Chess Federation President Arkady Dvorkovich said in a statement Sunday that he'd let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, and other “elegant minor deviations” from the dress code. He said Carlsen's stand — which culminated in his quitting the tournament Friday — highlighted a need for more discussion “to ensure that our rules and their application reflect the evolving nature of chess as a global and accessible sport.” Carlsen, meanwhile, said in a video posted Sunday on social media that he would play — and wear jeans — in the World Blitz Championship when it begins Monday. “I think the situation was badly mishandled on their side,” the 34-year-old Norwegian grandmaster said. But he added that he loves playing blitz — a fast-paced form of chess — and wanted fans to be able to watch, and that he was encouraged by his discussions with the federation after Friday's showdown. “I think we sort of all want the same thing,” he suggested in the video on his Take Take Take chess app’s YouTube channel. “We want the players to be comfortable, sure, but also relatively presentable.” The events began when Carlsen wore jeans and a sportcoat Friday to the Rapid World Championship, which is separate from but held in conjunction with the blitz event. The chess federation said Friday that longstanding rules prohibit jeans at those tournaments, and players are lodged nearby to make sartorial switch-ups easy if needed. An official fined Carlsen $200 and asked him to change pants, but he refused and wasn't paired for a ninth-round game, the federation said at the time. The organization noted that another grandmaster, Ian Nepomniachtchi, was fined earlier in the day for wearing sports shoes, changed and continued to play. Carlsen has said that he offered to wear something else the next day, but officials were unyielding. He said “it became a bit of a matter of principle,” so he quit the rapid and blitz championships. In the video posted Sunday, he questioned whether he had indeed broken a rule and said changing clothes would have needlessly interrupted his concentration between games. He called the punishment “unbelievably harsh.” “Of course, I could have changed. Obviously, I didn’t want to,” he said, and “I stand by that.”Flag football uses talent camps to uncover new starsHow Trump's bet on voters electing him managed to silence some of his legal woes
California: So far, several companies have developed foldable phones, but Apple has not developed such an iPhone as yet. But now a report said that Apple's first foldable iPhone can be introduced in the second half of 2026. According to the DSCC report, Apple's first foldable iPhone will be book-style, meaning you can open or close the display like a book. Earlier, it was said that Apple would introduce a flip-style foldable iPhone, but according to this report, its design will be different. This foldable iPhone will be large because the company believes that consumers prefer foldable phones with large displays. According to the report, the first foldable iPhone could be 7.9 to 8.3 inches larger. The report further stated that this foldable iPhone will be equipped with a flexible OLED display and will not be damaged even by opening and closing thousands of times. It will have a new powerful processor inside, while the camera system will also be excellent. Apple's entry into foldable smartphones is also likely to increase the sales of these devices. The demand for foldable phones had slightly declined during 2023 and 2024, but Apple's arrival may give new life to this market. It is pertinent to note that Apple is not in a hurry to adopt any new technology and waits for it to improve. Foldable phones are currently being developed, but many problems are emerging in them.B.C. Premier Eby says Canada must negotiate from position of strength on U.S. tariff