Tesla Again Seeks Shareholder Approval for Musk’s 2018 Pay Voided by Judge

Published on April 17, 2024

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk’s record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January. The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650 billion over the next 10 years. Tesla is now valued at $500.36 billion, according to LSEG data. The re-vote comes ahead of next week’s quarterly earnings for Tesla. Mr. Musk’s pay was rejected by Kathaleen McCormick of Delaware’s Court of Chancery, who termed the compensation granted by the board as “an unfathomable sum” that was unfair to shareholders....

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FAA Issues Ground Stop for Alaska Airlines Planes Nationwide

April 17, 2024
The U.S. Federal Aviation Administration (FAA) on Wednesday issued a ground stop advisory for all Alaska Airlines planes, although no reason was provided.The FAA provided few details, only writing: “All Alaska mainline and subcarrier flights ground stopped.”In a separate statement to Reuters, the agency said Alaska Airlines had “asked the FAA to pause the airline’s mainline departures nationwide.”

Feds Have Paid Nearly $580K In Employee COVID-19 Vaccine Mandate Settlements

April 17, 2024
The federal government has paid nearly $580,000 to a total of at least 30 federal government employees in settlements relating to their decision not to take the COVID-19 vaccine when it was mandated by the government.The figures come in response to an Inquiry of Ministry filed by Conservative MP Ted Falk, who asked the various government ministries how much they had paid out to federal employees,