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2025-01-25
Angel Oak Financial Strategies Income Term Trust Declares December 2024 DistributionDETROIT (AP) — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. On Monday, Chancellor Kathaleen St. Jude McCormick turned aside a request from Musk’s lawyers to reverse a ruling she announced in January that had thrown out the compensation plan. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations. Lawyers for a Tesla shareholder who sued to block the pay package contended that shareholders who had voted for the 10-year plan in 2018 had been given misleading and incomplete information. In their defense, Tesla’s board members asserted that the shareholders who ratified the pay plan a second time in June had done so after receiving full disclosures, thereby curing all the problems the judge had cited in her January ruling. As a result, they argued, Musk deserved the pay package for having raised Tesla’s market value by billions of dollars. McCormick rejected that argument. In her 103-page opinion, she ruled that under Delaware law, Tesla’s lawyers had no grounds to reverse her January ruling “based on evidence they created after trial.” What will Musk and Tesla do now? On Monday night, Tesla posted on X, the social media platform owned by Musk, that the company will appeal. The appeal would be filed with the Delaware Supreme Court, the only state appellate court Tesla can pursue. Experts say a ruling would likely come in less than a year. “The ruling, if not overturned, means that judges and plaintiffs’ lawyers run Delaware companies rather than their rightful owners — the shareholders,” Tesla argued. Later, on X, Musk unleashed a blistering attack on the judge, asserting that McCormick is “a radical far left activist cosplaying as a judge.” What do experts say about the case? Legal authorities generally suggest that McCormick’s ruling was sound and followed the law. Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware, said that in his view, McCormick was right to rule that after Tesla lost its case in the original trial, it created improper new evidence by asking shareholders to ratify the pay package a second time. Had she allowed such a claim, he said, it would cause a major shift in Delaware’s laws against conflicts of interest given the unusually close relationship between Musk and Tesla’s board. “Delaware protects investors — that’s what she did,” said Elson, who has followed the court for more than three decades. “Just because you’re a ‘superstar CEO’ doesn’t put you in a separate category.” Elson said he thinks investors would be reluctant to put money into Delaware companies if there were exceptions to the law for “special people.” What will the Delaware Supreme Court do? Elson said that in his opinion, the court is likely to uphold McCormick’s ruling. Can Tesla appeal to federal courts? Experts say no. Rulings on state laws are normally left to state courts. Brian Dunn, program director for the Institute of Compensation Studies at Cornell University, said it’s been his experience that Tesla has no choice but to stay in the Delaware courts for this compensation package. Tesla has moved its legal headquarters to Texas. Does that matter? The company could try to reconstitute the pay package and seek approval in Texas, where it may expect more friendlier judges. But Dunn, who has spent 40 years as an executive compensation consultant, said it’s likely that some other shareholder would challenge the award in Texas because it’s excessive compared with other CEOs’ pay plans. “If they just want to turn around and deliver him $56 billion, I can’t believe somebody wouldn’t want to litigate it,” Dunn said. “It’s an unconscionable amount of money.” Would a new pay package be even larger? Almost certainly. Tesla stock is trading at 15 times the exercise price of stock options in the current package in Delaware, Morgan Stanley analyst Adam Jonas wrote in a note to investors. Tesla’s share price has doubled in the past six months, Jonas wrote. At Monday’s closing stock price, the Musk package is now worth $101.4 billion, according to Equilar, an executive data firm. And Musk has asked for a subsequent pay package that would give him 25% of Tesla’s voting shares. Musk has said he is uncomfortable moving further into artificial intelligence with the company if he doesn’t have 25% control. He currently holds about 13% of Tesla’s outstanding shares.777.gbt.com

Starmer's box office moment fell flat but he'll be judged on his deliveryANN/THE DAILY STAR – Colour, a seemingly simple aspect of life, wields remarkable power over our emotions and mental state. This connection is the focus of colour psychology, a captivating field that delves into the intricate link between visual perception and emotional well-being. For centuries, cultures worldwide have recognised the influence of colour. Ancient Egyptians practised chromotherapy, using coloured light for healing, while traditional Chinese medicine associated specific colours with organs and their functions. Modern science now offers insight into these age-old beliefs, validating their significance. Educational and Counselling Psychologist Tanzina Chowdhury from Shono explained how people perceive colour differently based on context. She highlights the role of colour and art therapy as tools for self-expression, noting that the same hue can evoke vastly different emotions depending on individual experiences and circumstances. “Colour psychology is not a one-size-fits-all proposition,” she explained, “For example, red sometimes indicates alertness or even danger. At the same time, it’s also the colour of love. On the other hand, cool colours like blue and green have a calming effect.” Interestingly enough, Chowdhury said that the gender bias for colours can be traced back to historical gender roles. Hunter-gatherer ancestors likely found a practical basis for these associations. While men ventured out in nature, often clad in browns, blacks, and earthy tones that provided camouflage, women who stayed closer to home might have gravitated towards brighter colours like reds, pinks, and greens found in fruits and flowers. Over time, these practical choices evolved into cultural norms, associating certain colours with masculinity and femininity. PHOTO: ENVATO PHOTO: ENVATO PHOTO: ENVATO However, it’s important to remember that these are just social constructs. Not all men or women subscribe to these traditional colour palettes, and thankfully, modern society is moving away from such rigid gender-based discriminations. We know that home is where the heart is. So, when choosing to colour the walls of your home, you must keep in touch with your heart and mind; remember what soothes you and/or makes you happy and content. The soft lavender notes in your bedroom, for example, might lull you into a peaceful slumber, while the energising citrus tones in your kitchen jumpstart your morning. In spaces where your speed and productivity are needed, like school or office, surround yourself with pops of red, sunshine yellow, or tangerine orange. These colours are commonly seen as mood lifters and studies have shown that these warm colours can enhance mental alertness and problem-solving skills. However, do not go overboard with the splash of colours. Chowdhury stated, “It is important to balance the stimulating effect of bright colours with grounding neutrals like beige or grey to prevent the space from feeling overwhelming.” Also, consider incorporating natural elements like plants or calming water features to further enhance the serene atmosphere. The influence of colour extends far beyond our physical surroundings. The clothes we wear can impact not only how others perceive us but also our mood and confidence. Opting for a bold red outfit might project an assertive air, while a calming blue conveys a sense of maturity and calmness. Similarly, the colours we encounter throughout the day, from advertising billboards to the packaging of our favourite products, can subtly influence our emotions and purchasing decisions. Marketers understand the power of colour psychology and strategically utilise these specific hues to nudge us towards our next purchase. There are no strict rules in the world of colours. Rather it’s about how one feels towards them. Notice how make you feel, and don’t be afraid to experiment colours. Remember, your surroundings are a canvas waiting to be painted. With a thoughtful colour palette, you can create a string of emotions that enhances your well-being and fosters a vibrant life. – Nusrath JahanMelbourne teen Bianca Jones' family 'shattered' after suspected mass methanol poisoning incident in LaosWatching for washing at the casinos



The state and civil sectors are gearing up to implement the Marriage Equality Bill, which is set to become law next month. The bill was endorsed by His Majesty the King and published in the Royal Gazette on Sept 24, making Thailand the third country or territory in Asia, after Taiwan and Nepal, to recognise same-sex marriage. The bill will become law 120 days after it was published in the Royal Gazette, which means same-sex couples will be able to start registering their marriages on Jan 22 next year. Yesterday, the Bangkok Metropolitan Administration, along with the Social Development and Human Security, Interior, Justice, and Culture ministries and Bangkok Pride organisation, held an event called "Marriage Equality Day" to provide an update on Thailand's readiness to implement the Marriage Equality Bill. Kannapong Pipatmontrikul, the director of the General Registration Office of the Interior Ministry, said that a committee had been formed to make adjustments to the marriage registration system to allow same-sex people to register their marriages at local district offices across Thailand. He said that the committee has also amended the wording of some regulations to better reflect the spirit of the Marriage Equality Bill, such as replacing references to specific genders to "individuals", and switching out references to husbands and wives in favour of "married couples". "We are waiting for the Interior Minister to approve the amendments," Mr Kannapong said. Once approved, the registration system will be modified to reflect the changes, and a trial run will be organised to check the system's readiness, he said, before adding staff who are involved in marriage registrations will be retrained to improve their knowledge of the new law and system. He said once the bill becomes law, same-sex couples can register their marriages at any district office across the country. Those who want to register their marriage must be at least 18 years old, but parents' and/or guardians' consent will still be required if the applicants are younger than 20. Kerdchoke Kasemwongjit, Justice Ministry's Inspector-General, said the ministry will review other bills to guarantee that same-sex couples have the same rights as heterosexual couples to establish a family, such as the surrogacy bill, nationalities bill and gender recognition bill.Is Enron back? If it's a joke, some former employees aren't laughing

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