PRINCE HARRY LEAVES AFRICAN PARKS BOARD AFTER CHARITY ADMITTED RANGERS COMMITTED HUMAN RIGHTS ABUSES. (PHOTO).

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 Prince Harry leaves African Parks board after charity admitted rangers committed human rights abuses Prince Harry has left the board of African Parks after nearly a decade with the conservation charity, a year after the organization acknowledged that some of its rangers had committed human rights abuses. A spokesperson for Harry, 41, confirmed his departure while emphasizing that his work in African conservation will continue. “The Duke is proud of his 10 years with African Parks and fully supports the ongoing strengthening of its Board,” the spokesperson said. “His commitment to conservation in Africa continues, and he remains a supporter of African Parks’ mission.” Harry first partnered with African Parks in 2016 and became president of the organization the following year. He was appointed to its board of directors in 2023. His departure comes after African Parks commissioned an independent investigation into allegations that rangers had r@ped, beaten and tortured Indigenous peo...
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ELON MUSK LIKELY TO WIN TESLA SHAREHOLDER VOTE ON $1 TRILLION CEO PAY PLAN. (PHOTO).

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 Elon Musk likely to win Tesla shareholder vote on $1 trillion CEO pay plan

Tesla is set to announce on Thursday the results of a shareholder vote on whether CEO Elon Musk should receive a nearly $1 trillion stock-based pay package over the next decade. The outcome appears largely predetermined, with Musk’s substantial ownership stake and loyal retail investor base expected to carry the vote despite proxy advisors Glass Lewis and ISS recommending against the plan. Results will be shared following Tesla’s annual meeting in Austin, Texas.

Board Chair Robyn Denholm and other supporters argue the package is critical to keeping Musk at Tesla, highlighting his role in the company’s robotics and AI initiatives. Investor Ron Baron praised Musk on X, calling him the “ultimate ‘key man’” whose drive and standards are central to Tesla’s success. Opponents, including Norway’s $2 trillion sovereign wealth fund and shareholder advocate James McRitchie, have expressed concerns about the package’s size, potential dilution, and broader financial and operational risks, particularly as federal EV tax credits wind down.

The pay plan, unveiled in September, ties 12 tranches of stock to ambitious targets over the next decade, including Tesla achieving a $2 trillion market cap for the first tranche, rising to $8.5 trillion for the final tranches. Additional benchmarks include delivering 20 million vehicles, reaching 10 million active full self-driving subscriptions, producing 1 million robots, and operating 1 million robotaxis. Musk currently owns about 13% of Tesla, with the plan potentially increasing his stake to roughly 25%.

The package also includes significant flexibility for Musk. He is not required to dedicate a minimum time to Tesla, nor are his political or external business engagements restricted. The award allows “covered events” such as natural disasters, wars, pandemics, or regulatory changes to count toward milestones. Musk oversees multiple ventures outside Tesla, including SpaceX, xAI, Neuralink, and The Boring Company, and has been politically active, particularly in support of former President Donald Trump.

Critics argue the plan lacks accountability, given Musk’s extensive outside commitments. Corporate governance expert Nell Minow described Musk as a “part-time CEO” and said she would vote against the pay plan, noting that the CEO has not committed to limiting outside activities or political involvement. Shareholders are casting votes following a Delaware court ruling that rescinded Musk’s 2018 pay plan, which was found to have been improperly granted.


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