U.N CHIEF GUTERRES CALLS FOR COUNTRIES FUELING SUDAN'S WAR TO BE HELD ACCOUNTABLE. (PHOTO).

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 U.N chief Guterres calls for countries fueling Sudan's war to be held accountable United Nations Secretary-General Antonio Guterres called on Wednesday for countries providing weapons to the warring parties in Sudan that are used to attack civilians to be held accountable. "What is happening in Sudan is absolutely horrible. The humanitarian situation in Sudan is devastating. The level of suffering of the Sudanese people is intolerable," Guterres told reporters ahead of the annual gathering of world leaders at the United Nations in New York next week. Sudan's war, which erupted in April 2023 following a power struggle between the military and the paramilitary Rapid Support Forces, has displaced more than 14 million people and created one of the world's worst humanitarian crises. "It is true that the conflict is fueled by a number of countries from the outside," Guterres said, Reuters reported. "In my opinion, there should be accountability for the k...
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TESLA CEO ELON MUSK WINS $55 BILLION COMPENSATION PACKAGE IN DELAWARE COURT RULING. (PHOTO).

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 Tesla CEO Elon Musk wins $55 billion compensation package in Delaware court ruling

Elon Musk, already the world’s richest person, secured a massive financial victory Friday when the Delaware Supreme Court overturned a prior ruling that had stripped him of a $55 billion pay package awarded by Tesla in 2018 as an incentive to grow the company.

The reversal not only adds to Musk’s current fortune of $679 billion but also validates his long-standing assertion that the Delaware court overstepped its authority when Chancellor Kathaleen St. Jude McCormick rescinded the package in January 2024 following a lawsuit from a Tesla shareholder. Tesla did not immediately comment.

The 2024 ruling had angered Musk enough to prompt him to reincorporate Tesla in Texas, creating pressure on the board to reassure their CEO. Shareholders later voted to reinstate the pay package, which had been valued at $44.9 billion during the second vote 18 months ago.

Musk’s compensation story continued this year with a new pay package that could reach $1 trillion if he boosts Tesla’s market value from $1.6 trillion to $8.5 trillion over the next decade, a plan shareholders approved last month.

When the 2018 package was first created, Tesla’s market value was between $50 billion and $75 billion, and the company was still grappling with production challenges and cash flow concerns. Over time, improved manufacturing and strong sales helped Tesla meet the performance targets tied to Musk’s payout.

McCormick had originally ruled the package was improperly structured, citing a board too closely aligned with Musk, including evidence from his 2022 testimony. The Delaware Supreme Court, in a 49-page decision, found multiple errors in that ruling, restored the 2018 compensation package, and awarded Tesla $1 in nominal damages.


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