If Elon Musk’s proposed $1 trillion pay package is rejected, board chair Robyn Denholm has warned that Tesla could step down as CEO.
On Monday, the electric car company’s shareholders received a letter outlining the appeal. The proposed pay package, which is the largest of its kind, is scheduled to be approved by shareholders at Tesla’s November 6 annual meeting.
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Governance experts and advocacy groups have questioned Tesla’s independence and oversight of Musk’s influence, as a result of its numerous complaints about not acting in shareholders’ best interests.
According to Denholm, the proposed performance-based plan was intended to entice Musk to stay in charge of Tesla for at least another seven and a half years.
Tesla’s success depends on Musk’s leadership, she said, and warned that the company could lose his “time, talent, and vision” without a strategy that encourages him. According to her, Musk’s position is crucial as Tesla strives to lead autonomous and artificial intelligence globally.
Musk would receive 12 tranches of stock options in exchange for ambitious goals, including an $8.5 trillion market capitalization and milestones in robotics and autonomous driving.
In addition to urging investors to re-elect three long-serving directors who have worked closely with him, Denholm’s letter describes the package as necessary to balance Musk’s incentives with shareholder value and long-term growth.
Tesla’s board has long been in the dark about its close relationship with Musk. His 2018 pay agreement was improperly awarded and negotiated by directors who were not entirely independent, according to a Delaware court ruling earlier this year.
Shareholders were urged to vote against the pay package by proxy firm Glass Lewis and Institutional Shareholder Services last week. Major institutional investors, including the passive funds with large stakes in Tesla, are frequently influenced by proxy advisers.
Vernon Kay shared his thoughts on a shopping trip he took with his youngest daughter, Amber, and how it resulted in “massive guffawing” at his own expense.
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Vernon Kay admitted that he was mocked over a “horrendous” choice(Image: Getty Images for the NTA’s)
Vernon Kay has confessed he was ridiculed over a “horrendous” fashion blunder when he turned up at Strictly Come Dancing to support his wife, Tess Daly. The presenter, who has two daughters, Phoebe and Amber, with Tess, revealed details about a shopping expedition he enjoyed with youngest daughter, Amber, in Central London during his time off last week.
During a recent episode of his BBC Radio 2 programme (October 27), Vernon explained how he’d decided to seize the chance to purchase some fresh jeans – a choice that would result in “massive guffawing” at his expense.
Following a suggestion he attributed to Amber, who’s “down with the kids”, he said she recommended he buy some baggy jeans. So Vernon, heeding her guidance, tried some on, decided he fancied them, and eventually purchased a pair.
Vernon’s humorous description of the trousers made the comparison to an “80s pair of women’s culottes,” but he said he liked them anyway and that they are “very airy.”
He said, “I like them, so you can imagine with my legs sticking out from the end of a big napkin.” I then attended Strictly Come Dancing with Amber on Saturday afternoon.
And when I entered, I was met with a frenzied, massive guffawing; ‘What… What are you wearing, haha? Wow! And Amber says, “They’re really cool.” “
Then he responded, “No, they’re horrendous! I was disappointed, Vernon continued, “I was walking in there feeling very cool,” but I didn’t. I’m attempting to follow the kids. “
Later during the programme, Vernon disclosed Tess’ response to his bold sartorial decision. He confessed that upon her return from Strictly, Tess – who is departing the programme alongside Claudia Winkleman – instructed him to “get rid of them”.
However, he said he retorted his response with the resolute: “No;” in a comically high voice. They appeal to me! He jokingly admitted that if he had wore them right away, he would “end up in the south of France” and would “fly away like a “kite” because of the gloomy weather.
In related news, reports have surfaced that Vernon has expressed his support for Tess following her unexpected exit announcement last week, which will mark the culmination of an impressive 21-year tenure on Strictly.
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Responding to Tess’ Instagram statement, her spouse shared a series of heart emojis and liked the post. He also turned to his own social platforms in reaction, sharing an article confirming the departure on his Instagram Story alongside a ‘Breaking News’ GIF.
Vernon subsequently posted an artist’s depiction of Tess and Claudia, featuring the message: “What a fantastic duo they have been.”
A Rivers State High Court sitting in Port Harcourt has discharged and acquitted 12 travellers accused of killing a female police officer, Inspector Christiana Erekere.
READ ALSO:  , Police Arrest Three Suspected Kidnappers, Recover Weapons In Rivers
Erekere was attached to the Taabaa Police Division in Bori, Khana Local Government Area of the state.
Justice Augusta Chukwu, who delivered the judgment on Monday, ruled that the prosecution failed to prove beyond a reasonable doubt that the defendants were responsible for the officer’s death, which occurred on April 25, 2024, during a stop-and-search operation.
The defendants: Efeoghene Uwheraka (the groom), Joy Uwhereka, Shirley Wealth, Napoleon Uwhereka, Ejiro Ejogbamu, Moses Agege, Precious Iyota, Kikelomo Odusanya, Wealth Ojoh, Ighofose Oke, Blessing Ovie, and Emeka Joshua were on their way to Akwa Ibom State for a wedding when the incident occurred.
According to reports, the confrontation began when officers at the checkpoint questioned the validity of one of the vehicles ‘ documents, which allegedly led to an altercation resulting in Erekere’s death.
In her judgment, Justice Chukwu stated that the evidence presented by the six prosecution witnesses was contradictory and largely based on hearsay, as none of them could prove that the actions of the defendants led to the death of the deceased.
She further noted that an autopsy report revealed that the officer did not die from physical injuries but from an underlying health condition.
₦1m Compensation
The court consequently discharged and acquitted all 12 defendants, who had spent 18 months in custody, and awarded ₦1 million each as compensation for their unlawful detention.
Speaking after the ruling, counsel for the first and third defendants, Sunny Nwokoro, commended the judgment.
“Murder must be proven beyond a reasonable doubt, not based on emotions. The court agreed that the prosecution failed to establish a direct link between the defendants and the death”, Nwokoro said.
Another defence counsel, Robert Uye-Awaji, described the judgment as a triumph of justice.
“The court’s decision was not on technicalities but on the fundamental requirement of the law. There were clear doubts in the prosecution’s case, and the defendants deserved to be acquitted”, he added.
The Prosecution Disagrees
However, Prosecuting Counsel, Celestine Dickson, expressed disappointment, noting that the prosecution team would review the judgment with the police authorities before deciding on the next step.
“It is shocking that a group of travellers could attack a police officer, and yet the court found no grounds for conviction. We will review the judgment thoroughly”, he said.
Meanwhile, the ruling sparked mixed reactions in the courtroom as the families of the acquitted defendants erupted in jubilation, while the relatives of the deceased broke down in tears.
The late officer’s daughters, Rita and Fortune Erekere, rejected the court’s decision, insisting that their mother was murdered and had no underlying medical condition.
In the most recent high-level meeting between Russia’s president Vladimir Putin and North Korean Foreign Minister Choe Son Hui, which has bolstered ties with the former Ukrainian dictatorship.
Putin and Choe were greeted in the Kremlin on Monday by footage released by Russian state news agencies. Sergey Lavrov, the head of Russia’s foreign ministry, also made an appearance at the meeting.
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According to Russian Sputnik news agency, Putin stated that the nations’ “relations and development prospects” are proceeding “according to plan” and that Kim Jong Un’s situation is progressing. Kim, who had earlier praised the “spiritual closeness” of the two countries’ relationship in discussions with Lavrov, then turned on Choe to send her “warm wishes.”
In recent years, Russia and North Korea have significantly bolstered ties, signing a 2024 defense pact that requires each nation to provide military support to the other in the event of “aggression.”
At least 600 of North Korea’s troops have died fighting in Ukraine since then, according to Seoul and Kyiv-based estimates, and it has sent around 10,000 to Russia’s conflict since then.
In April, Pyongyang first acknowledged its soldiers’ involvement in the conflict, claiming they had assisted Russia in retaking its strategic Kursk region following a counteroffensive by the Ukrainians.
Kim and his family celebrated the opening of a museum in Pyongyang a few days ago in honor of the North Korean soldiers killed in the conflict. He claimed that their deployment “emerged from a new era of militant solidarity” with Russia, which has an “invincible” alliance.
After attending a military parade hosted by China’s President and CEO, Xi Jinping, the leaders of Beijing met in person on September 3 for official talks. Putin at the time praised North Korean soldiers for participating in the Ukrainian conflict “courageously and heroically.”
Putin said, “I want to make it clear that we will never forget the sacrifices your armed forces and your service members have made.”
The hurricane that has been strewn directly at Jamaica, Hurricane Melissa, is anticipated to be the strongest to ever strike the island.
Wind speeds exceeding 252 km/h (157 mph) increased on Monday to a Category 5 storm, the most powerful on the Saffir-Simpson scale. According to the American National Hurricane Center (NHC), it was expected to make landfall on Tuesday morning. The storm, according to the report, will bring “catastrophic flooding” and “destructive winds” that it expects to worsen day and night.
The south coast of Jamaica is likely to experience life-threatening storm surge, accompanied by large, destructive waves, from late on Monday through Tuesday morning, according to Jamaica’s Meteorological Service.
What caused Hurricane Melissa to form?
Off the coast of West Africa, a group of thunderstorms called Melissa first appeared. It developed into a depression as it traveled west. Its status as a tropical storm was announced on October 21.
Melissa made its way through the Caribbean Sea through the weekend into a Category 4 storm.
(Al Jazeera)
The Atlantic hurricane season, which starts on June 1 and ends on November 30, includes Melissa, which is the 13th hurricane of the season. Every year, the Atlantic basin experiences about seven hurricanes and three major hurricanes on average. This year’s Atlantic hurricane season was predicted by the US’s National Oceanic and Atmospheric Administration, which included 13 to 18 named storms.
After Hurricanes Erin and Humberto, this is the third Category 5 hurricane to hit the area.
(Al Jazeera)
Storms are categorised using the Saffir-Simpson hurricane wind scale. Hurricanes are classified into five different categories based on the wind’s sustainedness.
A storm with a sustained wind speed of 252 km/h (157 mph) or higher is categorized as Category 5. The NHC claims that Category 5 storms typically cause “catastrophic damage.”
(Al Jazeera)
What has Melissa grown up to? What country will Jamaica be hit by?
Residents of Jamaica have been instructed to use sandbags and boards to protect their homes and stock up on necessities in anticipation of the hurricane.
The NHC predicted that tropical storm-force winds will blow out to as far away as 45 kilometers (30 miles) from Melissa’s center, and that they will blow out to as far as 315 kilometers (195 miles) from it.
How far along is the storm’s path:
Monday, 7am in Jamaica (12: 00 GMT)
Melissa moved northwest in the Caribbean on Monday morning, earning it a Category 5 hurricane status.
Tuesday, 1am (06: 00 GMT)
Melissa will probably landfall very soon after this. The storm will cause more damage, according to the NHC because it moves slowly, moving at 8 km/h (5 mph).
Slow motion is expected to cause a catastrophic event in Jamaica due to this extreme rainfall potential, according to NHC Deputy Director Jamie Rhome.
Southern Hispaniola is expected to experience rainfall totals of 1, 016mm (40 inches) through Wednesday, with additional rainfall of 203mm to 406mm (8 to 16 inches) and a rainfall total of 381mm to 762mm (15 to 30 inches) due to Melissa. There are a lot of landslides and catastrophic flash flooding.
Wednesday, 1pm (18: 00 GMT)
By Wednesday, Melissa is expected to pass over Cuba before moving through the Greater Antilles and the Atlantic.
By the time it reaches Cuba, it is expected to fall into Category 3.
What has recently happened on the ground?
“I am aware that there are many Jamaicans who are anxious, who are very concerned,” said Prime Minister Andrew Holness. You ought to be worried.
However, being prepared is the best way to deal with anxiety and any enthrallement and concern.
The Jamaican Meteorological Service has advised fishermen and small craft owners on the banks and cays to stay in safe harbor until wind and sea conditions are normal.
It stated that it is impossible to leave the island before the hurricane arrives. Both Montego Bay and Kingston, the main airports, are closed. The airport in Kingston is advising travelers to “contact your airline for rebooking.” NEVER travel to the airport.
Melissa is anticipated to cause similar damage in parts of Haiti, the Dominican Republic, and eastern Cuba.
Jamaica’s hurricane history
Only one Category 4 storm, Hurricane Gilbert, was recorded in Jamaica in 1988, according to the NHC. At least 45 people were killed in the storm, which was the most destructive in Jamaica’s history.
The island was hit by Hurricane Sandy for the first time since Gilbert in October 2012. It was a Category 1 storm when it struck.
In a first-look clip from Disney+’s new two-part documentary Caroline Flack: Search for the Truth, Christine Flack’s mother has revealed her “big regret.”
Christine, Caroline Flack’s mother, expressed her deepest regret after the passing of her daughter. Caroline, 40, took her own life tragically, and her mother doesn’t want anyone else to experience the same nightmare.
In a first look clip from Disney+’s newest two-part documentary Caroline Flack: Search for the Truth, Christine addresses a memorial bench for Caroline along with her children.
Speaking of her daughter, Christine said: “I think Caroline would be pleased with what I’m doing. I wish I had done it then, before she took her own life, and that’s my biggest regret, that I wasn’t shouting like this, then. But now I have nothing to lose. The worst thing in the world happened with losing Carrie.”
Christine and Caroline’s children were pictured in the first look scene. She continued, “I come here, and you have different moods when you’re here, don’t you? ” I must have felt awful that day.
Another lonely year has passed, I just said. You missed me just as much as I did when you left today. I’m making every effort to explain to the world why some horrible people compelled you. I’ll keep fighting. I sincerely love you. “
Do you think there will ever be a moment when you can stop fighting, mother, Elizabeth asks Caroline’s older sister?
Then Christine said, “I hope I can stop. I’m hoping it will end. You can fight until the truth is revealed to you until the end of your life.
Elizabeth responded, “Your main concern is that you’re dealing with organizations that are so corrupt, they have so much money, legal experts, and can you ever truly find the truth in these organizations”…
“I only hope I can accomplish something.” And I’ll continue doing it as long as you all approve of it.
Christine previously spoke to The Mirror about her daughter’s legacy. She told us: “At the end, Carrie didn’t think there was anything to live for, she felt the world had turned against her. I hope people who read her story will see her life was wasted and may think twice about ending theirs. That’s how I want Carrie to be remembered, for inspiring people to live.
Caroline would speak to depressed people almost as though she knew what they were going through. Her compassion and kindness can continue to be used to help people through her bench and others.
She would be unbelievably proud, I am certain. A secure location where people could sit and reflect at any time of day or night was the goal. There are currently so many negative aspects to the world.
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She continued, “I think that’s often why people give up, because they don’t see any hope,” adding about Caroline’s memorial bench. Even if it’s just to sit for five minutes and reflect on things in a secure space, Caroline’s bench offers hope. And I am aware from speaking with members of the neighborhood that it is frequently used. The QR code needed to be replaced because it was out so quickly.
The Samaritans have a free helpline that is available 24/7, accessible at 116 123, for those who are struggling and need to talk. You can also contact Jo at jo@samaritans.org or visit their website to find your neighborhood branch.
