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A Delaware judge has once again slapped down Elon Musk's pay package from Tesla. "The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law," a Monday from Delaware Chancellor Kathaleen St. J. McCormick reads. In her ruling, McCormick stuck to her earlier finding that Tesla's board was unduly influenced by Musk when it came to creating his compensation package — which at the time was the to be awarded to a CEO. McCormick ruled that Musk and Tesla's board members and executives had no procedural grounds to change the outcome of her original determination "based on evidence they created after trial." She also found that the arguments used to challenge her initial ruling were not valid and weren't raised in a timely manner, and ordered Tesla to pay the plaintiffs $345 million, which the judge ordered Tesla may choose to pay in freely tradeable stock. Stock for the automaker dipped nearly 1.5% in after-hours trading following the news. Representatives for Tesla did not immediately respond to a request for comment from Business Insider. Tesla investors voted to for the second time in June. Tesla shareholders had originally voted in favor of the compensation plan in 2018, but McCormick ruled to void the agreement in January after a Tesla shareholder alleging the agreement was "beyond the bounds of reasonable judgment." At the time, McCormick said Musk had too much power over the agreement due to his close relationships with board members and the ties led to an "unfair price." In her earlier ruling, she said Tesla had failed to make sure investors were fully informed regarding the proposal. When the compensation package was voided, it was estimated to be worth about . "Contrary to how some have read the Post-Trial Opinion, the court did not find that the Board should have paid Musk nothing," McCormick wrote in her Monday filing. "There were undoubtedly a range of healthy amounts that the Board could have decided to pay Musk. Instead, the Board capitulated to Musk's terms and then failed to prove that those terms were entirely fair." In the months that followed the judge's original ruling, for Musk's pay and eventually came away with approval from over 70% of the voting shares. The company then presented the vote to McCormick, arguing that the shareholder ratification had addressed her concerns. However, McCormick in her latest ruling, wrote: "Even if a stockholder vote could have a ratifying effect, it could not do so here." Read the original article onUnited Airlines travelers with lost luggage have a new tool to track their bags. If the lost bag has an Apple AirTag in it, that information can now be passed directly to United, the airline announced Thursday. The new feature, called Share Item Location, allows travelers with an AirTag or other Find My network accessory to share the location with the airline’s customer service team to help locate their luggage in the event it’s misplaced. United says more than 99% of its customers pick up their luggage without a hitch. Robyn Beck/AFP/Getty Images/File via CNN Newsource The feature is now available with iOS 18.2, iPadOS 18.2 or macOS 15.2. “Apple’s new Share Item Location feature will help customers travel with even more confidence, knowing they have another way to access their bag’s precise location with AirTag or their Find My accessory of choice,” said David Kinzelman, United’s chief customer officer. Travelers on United whose bags do not arrive at their destination can file a delayed baggage report with United and share the link to the item’s location either through the United app or via text message. After the report has been submitted, customer service agents will be able to locate the item on an interactive map alongside a timestamp of a recent update. The shared location will be disabled after a customer has the bag, and customers can also stop sharing the location of the item at any time on their own. The location link will also automatically expire after seven days. Using AirTags or other tracking devices on luggage is increasingly popular among frequent travelers, with a significant boom following the 2022 Southwest Airlines holiday meltdown , which displaced thousands of travelers over Christmas and into 2023, alongside much of their belongings. United says lost bags are rare, with more than 99% of its customers arriving with their bags. It says the new technology will help those with lost bags to recover them more quickly because the airline will have more information about them. Apple previously announced the new service will also be integrated at other air carriers, including Delta Air Lines. Others include Aer Lingus, Air Canada, Air New Zealand, Austrian Airlines, British Airways, Brussels Airlines, Eurowings, Iberia, KLM Royal Dutch Airlines, Lufthansa, Qantas, Singapore Airlines, Swiss International Airlines, Turkish Airlines, Virgin Atlantic and Vueling.
AP News Summary at 6:59 p.m. EST
Nations urge stability, peace as Syria rebels oust AssadThe overthrow of the Assad regime in Syria risks creating a haven for terrorists that could lead to a new form of Islamic State, the UK’s terror watchdog has warned. Jonathan Hall KC, the independent reviewer of terrorism legislation, said he was “as worried as I was with Libya, Iraq and Afghanistan” after the fast-moving developments that resulted in the rebel group Hayat Tahrir al-Sham (HTS) seizing the capital, Damascus. He said he feared that the developments could lead to the release from prisons and detention camps in northeast Syria of jihadist fighters who could “form the kernel of a new Islamic State” or “rush to join HTS and firm up their extremist objectives ”. Sir Keir Starmer said the UK welcomed the fall of
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