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Hugh Hewitt: How will Israel occupy Gaza?

How will Israel occupy Gaza when its army is exhausted. How will this affect the United States? 

Read More...

Israel Will Occupy Gaza

Israel Will Occupy Gaza

Read More...

Turning Point with Dr. David Jeremiah, August 10, 2025

Turning Point with Dr. David Jeremiah, August 10, 2025

Read More...

Harvest with Greg Laurie, August 10, 2025

Harvest with Greg Laurie, August 10, 2025

Read More...

Trump Slams Monthly Jobs Numbers As “Rigged”

President Trump is doubling down on his criticism of last week’s monthly jobs report. In social media posts, the president slammed the July employment numbers as “rigged” and “concocted” in order to hurt the Trump administration. He complained about “massive” revisions to the previous two month’s numbers, calling them “fake.” And has alleged, without evidence, that partisan federal workers are trying to sabotage him. Last week, he fired the head of the Bureau of Labor Statistics and he promises to “pick an exceptional replacement” in the coming days.

Read More...

TX Gov. Says Democrats Who Left State 'Forfeited' Office

Republican Texas Gov. Greg Abbott says Democratic lawmakers who left his state to block the GOP from redrawing congressional district boundaries have effectively forfeited their seats. Abbott insists he will begin trying to remove Democratic lawmakers from office if they do not return. Democrats in Texas and around the U.S. are pushing back. They say Abbott has no power to punish the lawmakers and that it's Republicans, including President Donald Trump, who are abusing their power. At issue are the U.S. House districts for Texas and whether Republicans can successfully redraw them to give the party a better chance to hold its slim congressional majority after the 2026 midterm elections.

Read More...

2 Killed, 6 Wounded In Shooting After Music Festival In Los Angeles

A shooting erupted during a music festival after-party in downtown Los Angeles, killing two people and wounding six others early Monday, authorities said. Authorities first responded around 11 p.m. Sunday to shut down a “big party” after officers saw a person possibly armed with a gun go inside a building in a downtown warehouse district, said Officer Norma Eisenman. That person was arrested at the scene, she said. The party had been promoted on social media as an unofficial after-party for Hard Summer, a weekend techno-music festival held at Hollywood Park, about 9 miles (14 km) away in Inglewood, KTLA-TV reported. Shortly after officers had cleared the area, police received a report of shots fired around 1 a.m. When the officers returned, they found one person dead and learned multiple people had been struck by gunfire, Eisenman said in an email. A male victim died at the scene and a female victim died at a hospital, Eisenman said. Six people were taken to hospitals in unknown condition, she said. A man told KABC-TV that his 29-year-old son was one of the two people killed. There was no information about a suspect or a motive. Investigators remained at the scene for hours.

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Are Democrats Really Okay With Minor Attracted People?

Are Democrats Really Okay With Minor Attracted People?

Read More...

Democrats Are Having a Hissy Fit Over Redistricting

Democrats Are Having a Hissy Fit Over Redistricting

Read More...

Real Life with Jack Hibbs, August 10, 2025

Real Life with Jack Hibbs, August 10, 2025

Read More...

Boeing Fighter Jet Workers Go On Strike After Rejecting Contract Offer

More than 3,200 union members who assemble Boeing's fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day. Boeing Defense said it was ready for the work stoppage and it will implement a contingency plan that uses non-labor workers. According to the company, the rejected four-year contract would have raised the average wage by roughly 40% and included a 20% general wage increase and a $5,000 ratification bonus. It also included increasing periodic raises, more vacation time and sick leave. "We're disappointed our employees in St. Louis rejected an offer that featured 40% average wage growth," Dan Gillian, Boeing vice president and general manager of the St. Louis facilities, said in a statement. The offer was largely the same as the first offer that was overwhelmingly rejected one week earlier. Members of the International Association of Machinists and Aerospace Workers' District 837 "deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense," District 837 head Tom Boelling said in a statement. Boeing CEO Kelly Ortberg downplayed the impact of a strike when talking with analysts on Tuesday about second-quarter earnings, noting that the company had weathered a seven-week strike last year by District 751 members, who build commercial jets in the Northwest and number 33,000. "I wouldn't worry too much about the implications of the strike. We'll manage our way through that," he said. District 837 workers assemble Boeing's F-15 and F/A-18 fighters, the T-7 trainer, and the MQ-25, an aerial refueling drone being developed for the U.S. Navy. Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter jet, the F-47A, after it won the contract this year. District 751's strike ended with approval of a four-year contract that included a 38% wage increase.

Read More...

Man Sentenced To Life Without Parole For Arkansas Grocery Store Shooting

An Arkansas man who killed four people and injured 11 others last year in a mass shooting at a grocery store was sentenced Monday to life in prison without parole. A state judge sentenced Travis Eugene Posey to four life sentences for each count of capital murder. Posey was also sentenced to 220 years in prison for 11 counts of attempted capital murder. Posey pleaded guilty last month to the shooting, which occurred last summer at the Mad Butcher grocery store in Fordyce, a city of about 3,200 people located 65 miles (104 kilometers) south of Little Rock. Judge Spencer Singleton handed down the sentence after testimony from family members of victims of the shooting during a hearing in Fordyce. Posey has been held without bond since the shooting and previously pleaded not guilty to the same charges. Prosecutors and police have not publicly identified any motive for Posey, who was shot and injured by officers who exchanged fire with him. Police have said he did not appear to have a personal connection to any of the victims.

Read More...

Fire Forces Passengers To Flee NYC Area Train

Flames leapt from the rails of a New York City area commuter train on Monday morning, filling at least one car with smoke and sending several passengers to the hospital for inhalation after they were evacuated, authorities said. A roughly 30-second video posted to social media by a passenger showed thick smoke on a Port Authority Trans-Hudson train car at the Newport station in Jersey City, New Jersey. People can be heard on the video saying “open the door,” and “easy, easy,” as they eventually disembark. The video then shows bright orange flames rising nearly to the top of the train car from the rails. Thirteen people were treated for smoke inhalation at the scene, nine of whom were transported to the hospital for further evaluation, said the Port Authority of New York and New Jersey, which operates the train, in a statement. The fire started at 6:19 a.m. on an eastbound train and passengers were evacuated to the platform, the authority said. Service on the affected lines resumed about five hours after the fire was first reported. The incident is being investigated, the authority added. The PATH trains conduct an average of about 165,000 passenger trips daily across the Hudson River from northern New Jersey into Manhattan.

Read More...

Racist Dems Stand Up To White 'Anglos' In Texas

Racist Dems Stand Up To White 'Anglos' In Texas

Read More...

Suspect Remains At Large After Montana Shooting

Authorities say a former US soldier suspected of killing four people at a Montana bar is still at large and believed to be armed. The shooting occurred on Friday morning at The Owl Bar in Anaconda, Montana. Officials say they believe 45-year-old military veteran Michael Paul Brown committed the shooting with a rifle. Montana Attorney General Austin Knudsen on Sunday warned residents that Brown could return to the area. Investigators are considering all possible options for Brown's whereabouts. Brown served in the Army and Montana National Guard and has struggled with mental illness for years, family members say.

Read More...

Tesla Approves Share Award Worth $29 Billion To CEO Elon Musk

Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots. The company described the "interim award" of the 96 million new shares as a first step, "good faith" payment to honor Musk's more than $50 billion pay package from 2018 that was struck down by a Delaware court last year. Musk can claim the new award if he remains in a top executive role for another two years and a court does not reinstate the 2018 package currently on appeal. He has to hold the shares for five years and can buy them for $23.34 per share, the same as the exercise price of the 2018 award. Tesla will also put to vote a longer-term CEO compensation plan at its annual investor meeting on November 6. The move is meant to keep Musk, the public face of Tesla and architect of its robotaxi strategy, focused on the electric-vehicle maker as it navigates a shift to cybercabs and robotics from its mainstay auto business. It also seems to quell any speculation that the board's patience with Musk could be wearing thin because of the recent tumultuous months, including the CEO's foray into politics. The move to give Musk greater control of the company suggests that directors still see him as best-suited to tackle Tesla's growing list of challenges in the years ahead. Sales have been falling at the company due to its aging vehicle line-up, tough competition and Musk's right-wing political stances that have tarnished its brand. S&P Global Mobility data shared exclusively with Reuters showed on Monday that Tesla's brand loyalty had plunged since Musk endorsed U.S. President Donald Trump last summer. Musk's involvement in politics and his wider business empire, including AI startup xAI, have also sparked concerns about his devotion to Tesla, the main source of his wealth. Musk has threatened to leave unless he gets more control over Tesla. The new stock award will take his Tesla stake, already the largest, to more than 15% from the 12.7% currently, according to Reuters calculations based on data compiled by LSEG. Before Monday's grant, Musk had no active compensation plan and Tesla said he had not received meaningful pay since 2017. With the legal fight over his 2018 package expected to continue, the board said it moved to retain Musk's "extraordinary talent." "While we recognize Elon's business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging... we are confident this award will incentivize Elon to remain at Tesla," said a special committee Tesla formed this year to consider Musk's compensation. It consists of chair Robyn Denholm and independent director Kathleen Wilson-Thompson. The company said it would not record compensation expense for the award as it does not currently expect the performance condition to be "probable of being met." It will re-evaluate and recognize the expense if it determines the award is likely to be met, including after the two-year vesting period. The new shares will also be forfeited or offset if the Delaware courts fully reinstate the 2018 stock award, ensuring there is no "double dip," the special committee said. Investors and analysts welcomed the news, with Tesla shares rising nearly 2% in early trading. The stock has lost a quarter of its value this year, as of last close. "Under normal circumstances, a compensation package in the billions would raise some eyebrows. (But) clearly investors have benefited from Musk's stewardship of Tesla," said Camelthorn Investments adviser Shawn Campbell, who owns Tesla shares. "This stock grant will bind Musk to Tesla for the next two years." The Delaware ruling on Musk's 2018 pay package, the largest in Corporate America, had cited flaws in the board's approval process and unfairness to investors. Musk kicked off an appeal against the order in March, claiming a lower court judge made multiple legal errors in rescinding the record compensation. He has argued that the package resulted in spectacular growth for Tesla and yet was determined by the lower Court of Chancery to be unfair to shareholders, who voted twice to approve the plan. Tesla shares have risen nearly 2,000% over the past decade, far outperforming the around 200% rise in the benchmark S&P 500 index in the same period. "This is simply a repackaged version of what was done years ago and was ruled improper by a judge. It renders the Delaware court decision effectively meaningless," said Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware. "You don't have to incentivize him to stay. If he leaves, he throws away 13% of the company, which is still a huge part of his net worth, said Elson, who had filed amicus briefs supporting the court's decision to void Musk's 2018 award.

Read More...

Globalize the Supidity?

If NYC elects Zohran Mamdani that’s exactly what will happen.

Read More...

Wall Street Rallies and U.S. Stocks Recover Much of Friday's Wipeout

U.S. stocks are rallying to recover more than two thirds of their sharp loss from Friday's wipeout. The S&P 500 rose 1.1% Monday. The Dow Jones Industrial Average jumped 426 points, and the Nasdaq composite climbed 1.5%. Gains for Tyson Foods and other companies following profit reports that topped analysts' expectations helped offset a drop for Berkshire Hathaway. This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market. That raised worries that President Donald Trump’s tariffs may be punishing the economy.

Read More...

Texas Democrats FLEE To Illinois

Texas Democrats have fled to Illinois to prevent the state legislator to vote on a redistricting map. What will Greg Abbott do in response?

Read More...

Monday's With Maguire (Republican Strategist Erin Maguire)

Monday's With Maguire (Republican Strategist Erin Maguire)

Read More...

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Salem Radio Network Speakers

Larry Elder is an American lawyer, writer, and radio and television personality who calls himself the "Sage of South Central" a district of Los Angeles, Larry says his philosophy is to entertain, inform, provoke and to hopefully uplift. His calling card is "we have a country to save" and to him this means returning to the bedrock Constitutional principles of limited government and maximum personal responsibility. Elder's iconoclastic wit and intellectual agility makes him a particularly attractive voice in a nation that seems weary of traditional racial dialogue.” – Los Angeles Times.

Mike Gallagher Mike Gallagher began his broadcasting career in 1978 in Dayton, Ohio. Today, he is one of the most listened-to talk radio show hosts in America, recently having been ranked in the Talkers Magazine “Heavy Hundred” list – the 100 most important talk radio hosts in America. Prior to being launched into national syndication in 1998, Mike hosted the morning show on WABC-AM in New York City. Today, Talkers Magazine reports that his show is heard by over 3.75 million weekly listeners. Besides his radio work, Mike is seen on Fox News Channel as an on-air contributor, frequently appearing on the cable news giant.

Hugh Hewitt is one of the nation’s leading bloggers and a genuine media revolutionary. He brings that expertise, his wit and what The New Yorker magazine calls his “amiable but relentless manner” to his nationally syndicated show each day.

When Dr. Sebastian Gorka was growing up, he listened to talk radio under his pillow with a transistor radio, dreaming that one day he would be behind the microphone. Beginning New Year’s Day 2019, he got his wish. Gorka now hosts America First every weekday afternoon 3 to 6pm ET. Gorka’s unique story works well on the radio. He is national security analyst for the Fox News Channel and author of two books: "Why We Fight" and "Defeating Jihad." His latest book releasing this fall is “War For America’s Soul.” He is uniquely qualified to fight the culture war and stand up for what is great about America, his adopted home country.

Broadcasting from his home station of KRLA in Los Angeles, the Dennis Prager Show is heard across the country. Everything in life – from politics to religion to relationships – is grist for Dennis’ mill. If it’s interesting, if it affects your life, then Dennis will be talking about it – with passion, humor, insight and wisdom.

Sean Hannity is a conservative radio and television host, and one of the original primetime hosts on the Fox News Channel, where he has appeared since 1996. Sean Hannity began his radio career at a college station in California, before moving on to markets in the Southeast and New York. Today, he’s one of the most listened to on-air voices. Hannity’s radio program went into national syndication on September 10, 2001, and airs on more than 500 stations. Talkers Magazine estimates Hannity’s weekly radio audience at 13.5 million. In 1996 he was hired as one of the original hosts on Fox News Channel. As host of several popular Fox programs, Hannity has become the highest-paid news anchor on television.

Michelle Malkin is a mother, wife, blogger, conservative syndicated columnist, longtime cable TV news commentator, and best-selling author of six books. She started her newspaper journalism career at the Los Angeles Daily News in 1992, moved to the Seattle Times in 1995, and has been penning nationally syndicated newspaper columns for Creators Syndicate since 1999. She is founder of conservative Internet start-ups Hot Air and Twitchy.com. Malkin has received numerous awards for her investigative journalism, including the Council on Governmental Ethics Laws (COGEL) national award for outstanding service for the cause of governmental ethics and leadership (1998), the Reed Irvine Accuracy in Media Award for Investigative Journalism (2006), the Heritage Foundation and Franklin Center for Government & Public Integrity's Breitbart Award for Excellence in Journalism (2013), the Center for Immigration Studies' Eugene Katz Award for Excellence in the Coverage of Immigration Award (2016), and the Manhattan Film Festival's Film Heals Award (2018). Married for 26 years and the mother of two teenage children, she lives with her family in Colorado. Follow her at michellemalkin.com. (Photo reprinted with kind permission from Peter Duke Photography.)

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Hugh Hewitt: How will Israel occupy Gaza?

How will Israel occupy Gaza when its army is exhausted. How will this affect the United States? 

Read More...

Israel Will Occupy Gaza

Israel Will Occupy Gaza

Read More...

Turning Point with Dr. David Jeremiah, August 10, 2025

Turning Point with Dr. David Jeremiah, August 10, 2025

Read More...

Harvest with Greg Laurie, August 10, 2025

Harvest with Greg Laurie, August 10, 2025

Read More...

Trump Slams Monthly Jobs Numbers As “Rigged”

President Trump is doubling down on his criticism of last week’s monthly jobs report. In social media posts, the president slammed the July employment numbers as “rigged” and “concocted” in order to hurt the Trump administration. He complained about “massive” revisions to the previous two month’s numbers, calling them “fake.” And has alleged, without evidence, that partisan federal workers are trying to sabotage him. Last week, he fired the head of the Bureau of Labor Statistics and he promises to “pick an exceptional replacement” in the coming days.

Read More...

TX Gov. Says Democrats Who Left State 'Forfeited' Office

Republican Texas Gov. Greg Abbott says Democratic lawmakers who left his state to block the GOP from redrawing congressional district boundaries have effectively forfeited their seats. Abbott insists he will begin trying to remove Democratic lawmakers from office if they do not return. Democrats in Texas and around the U.S. are pushing back. They say Abbott has no power to punish the lawmakers and that it's Republicans, including President Donald Trump, who are abusing their power. At issue are the U.S. House districts for Texas and whether Republicans can successfully redraw them to give the party a better chance to hold its slim congressional majority after the 2026 midterm elections.

Read More...

2 Killed, 6 Wounded In Shooting After Music Festival In Los Angeles

A shooting erupted during a music festival after-party in downtown Los Angeles, killing two people and wounding six others early Monday, authorities said. Authorities first responded around 11 p.m. Sunday to shut down a “big party” after officers saw a person possibly armed with a gun go inside a building in a downtown warehouse district, said Officer Norma Eisenman. That person was arrested at the scene, she said. The party had been promoted on social media as an unofficial after-party for Hard Summer, a weekend techno-music festival held at Hollywood Park, about 9 miles (14 km) away in Inglewood, KTLA-TV reported. Shortly after officers had cleared the area, police received a report of shots fired around 1 a.m. When the officers returned, they found one person dead and learned multiple people had been struck by gunfire, Eisenman said in an email. A male victim died at the scene and a female victim died at a hospital, Eisenman said. Six people were taken to hospitals in unknown condition, she said. A man told KABC-TV that his 29-year-old son was one of the two people killed. There was no information about a suspect or a motive. Investigators remained at the scene for hours.

Read More...

Are Democrats Really Okay With Minor Attracted People?

Are Democrats Really Okay With Minor Attracted People?

Read More...

Democrats Are Having a Hissy Fit Over Redistricting

Democrats Are Having a Hissy Fit Over Redistricting

Read More...

Real Life with Jack Hibbs, August 10, 2025

Real Life with Jack Hibbs, August 10, 2025

Read More...

Boeing Fighter Jet Workers Go On Strike After Rejecting Contract Offer

More than 3,200 union members who assemble Boeing's fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day. Boeing Defense said it was ready for the work stoppage and it will implement a contingency plan that uses non-labor workers. According to the company, the rejected four-year contract would have raised the average wage by roughly 40% and included a 20% general wage increase and a $5,000 ratification bonus. It also included increasing periodic raises, more vacation time and sick leave. "We're disappointed our employees in St. Louis rejected an offer that featured 40% average wage growth," Dan Gillian, Boeing vice president and general manager of the St. Louis facilities, said in a statement. The offer was largely the same as the first offer that was overwhelmingly rejected one week earlier. Members of the International Association of Machinists and Aerospace Workers' District 837 "deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense," District 837 head Tom Boelling said in a statement. Boeing CEO Kelly Ortberg downplayed the impact of a strike when talking with analysts on Tuesday about second-quarter earnings, noting that the company had weathered a seven-week strike last year by District 751 members, who build commercial jets in the Northwest and number 33,000. "I wouldn't worry too much about the implications of the strike. We'll manage our way through that," he said. District 837 workers assemble Boeing's F-15 and F/A-18 fighters, the T-7 trainer, and the MQ-25, an aerial refueling drone being developed for the U.S. Navy. Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter jet, the F-47A, after it won the contract this year. District 751's strike ended with approval of a four-year contract that included a 38% wage increase.

Read More...

Man Sentenced To Life Without Parole For Arkansas Grocery Store Shooting

An Arkansas man who killed four people and injured 11 others last year in a mass shooting at a grocery store was sentenced Monday to life in prison without parole. A state judge sentenced Travis Eugene Posey to four life sentences for each count of capital murder. Posey was also sentenced to 220 years in prison for 11 counts of attempted capital murder. Posey pleaded guilty last month to the shooting, which occurred last summer at the Mad Butcher grocery store in Fordyce, a city of about 3,200 people located 65 miles (104 kilometers) south of Little Rock. Judge Spencer Singleton handed down the sentence after testimony from family members of victims of the shooting during a hearing in Fordyce. Posey has been held without bond since the shooting and previously pleaded not guilty to the same charges. Prosecutors and police have not publicly identified any motive for Posey, who was shot and injured by officers who exchanged fire with him. Police have said he did not appear to have a personal connection to any of the victims.

Read More...

Fire Forces Passengers To Flee NYC Area Train

Flames leapt from the rails of a New York City area commuter train on Monday morning, filling at least one car with smoke and sending several passengers to the hospital for inhalation after they were evacuated, authorities said. A roughly 30-second video posted to social media by a passenger showed thick smoke on a Port Authority Trans-Hudson train car at the Newport station in Jersey City, New Jersey. People can be heard on the video saying “open the door,” and “easy, easy,” as they eventually disembark. The video then shows bright orange flames rising nearly to the top of the train car from the rails. Thirteen people were treated for smoke inhalation at the scene, nine of whom were transported to the hospital for further evaluation, said the Port Authority of New York and New Jersey, which operates the train, in a statement. The fire started at 6:19 a.m. on an eastbound train and passengers were evacuated to the platform, the authority said. Service on the affected lines resumed about five hours after the fire was first reported. The incident is being investigated, the authority added. The PATH trains conduct an average of about 165,000 passenger trips daily across the Hudson River from northern New Jersey into Manhattan.

Read More...

Racist Dems Stand Up To White 'Anglos' In Texas

Racist Dems Stand Up To White 'Anglos' In Texas

Read More...

Suspect Remains At Large After Montana Shooting

Authorities say a former US soldier suspected of killing four people at a Montana bar is still at large and believed to be armed. The shooting occurred on Friday morning at The Owl Bar in Anaconda, Montana. Officials say they believe 45-year-old military veteran Michael Paul Brown committed the shooting with a rifle. Montana Attorney General Austin Knudsen on Sunday warned residents that Brown could return to the area. Investigators are considering all possible options for Brown's whereabouts. Brown served in the Army and Montana National Guard and has struggled with mental illness for years, family members say.

Read More...

Tesla Approves Share Award Worth $29 Billion To CEO Elon Musk

Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots. The company described the "interim award" of the 96 million new shares as a first step, "good faith" payment to honor Musk's more than $50 billion pay package from 2018 that was struck down by a Delaware court last year. Musk can claim the new award if he remains in a top executive role for another two years and a court does not reinstate the 2018 package currently on appeal. He has to hold the shares for five years and can buy them for $23.34 per share, the same as the exercise price of the 2018 award. Tesla will also put to vote a longer-term CEO compensation plan at its annual investor meeting on November 6. The move is meant to keep Musk, the public face of Tesla and architect of its robotaxi strategy, focused on the electric-vehicle maker as it navigates a shift to cybercabs and robotics from its mainstay auto business. It also seems to quell any speculation that the board's patience with Musk could be wearing thin because of the recent tumultuous months, including the CEO's foray into politics. The move to give Musk greater control of the company suggests that directors still see him as best-suited to tackle Tesla's growing list of challenges in the years ahead. Sales have been falling at the company due to its aging vehicle line-up, tough competition and Musk's right-wing political stances that have tarnished its brand. S&P Global Mobility data shared exclusively with Reuters showed on Monday that Tesla's brand loyalty had plunged since Musk endorsed U.S. President Donald Trump last summer. Musk's involvement in politics and his wider business empire, including AI startup xAI, have also sparked concerns about his devotion to Tesla, the main source of his wealth. Musk has threatened to leave unless he gets more control over Tesla. The new stock award will take his Tesla stake, already the largest, to more than 15% from the 12.7% currently, according to Reuters calculations based on data compiled by LSEG. Before Monday's grant, Musk had no active compensation plan and Tesla said he had not received meaningful pay since 2017. With the legal fight over his 2018 package expected to continue, the board said it moved to retain Musk's "extraordinary talent." "While we recognize Elon's business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging... we are confident this award will incentivize Elon to remain at Tesla," said a special committee Tesla formed this year to consider Musk's compensation. It consists of chair Robyn Denholm and independent director Kathleen Wilson-Thompson. The company said it would not record compensation expense for the award as it does not currently expect the performance condition to be "probable of being met." It will re-evaluate and recognize the expense if it determines the award is likely to be met, including after the two-year vesting period. The new shares will also be forfeited or offset if the Delaware courts fully reinstate the 2018 stock award, ensuring there is no "double dip," the special committee said. Investors and analysts welcomed the news, with Tesla shares rising nearly 2% in early trading. The stock has lost a quarter of its value this year, as of last close. "Under normal circumstances, a compensation package in the billions would raise some eyebrows. (But) clearly investors have benefited from Musk's stewardship of Tesla," said Camelthorn Investments adviser Shawn Campbell, who owns Tesla shares. "This stock grant will bind Musk to Tesla for the next two years." The Delaware ruling on Musk's 2018 pay package, the largest in Corporate America, had cited flaws in the board's approval process and unfairness to investors. Musk kicked off an appeal against the order in March, claiming a lower court judge made multiple legal errors in rescinding the record compensation. He has argued that the package resulted in spectacular growth for Tesla and yet was determined by the lower Court of Chancery to be unfair to shareholders, who voted twice to approve the plan. Tesla shares have risen nearly 2,000% over the past decade, far outperforming the around 200% rise in the benchmark S&P 500 index in the same period. "This is simply a repackaged version of what was done years ago and was ruled improper by a judge. It renders the Delaware court decision effectively meaningless," said Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware. "You don't have to incentivize him to stay. If he leaves, he throws away 13% of the company, which is still a huge part of his net worth, said Elson, who had filed amicus briefs supporting the court's decision to void Musk's 2018 award.

Read More...

Globalize the Supidity?

If NYC elects Zohran Mamdani that’s exactly what will happen.

Read More...

Wall Street Rallies and U.S. Stocks Recover Much of Friday's Wipeout

U.S. stocks are rallying to recover more than two thirds of their sharp loss from Friday's wipeout. The S&P 500 rose 1.1% Monday. The Dow Jones Industrial Average jumped 426 points, and the Nasdaq composite climbed 1.5%. Gains for Tyson Foods and other companies following profit reports that topped analysts' expectations helped offset a drop for Berkshire Hathaway. This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market. That raised worries that President Donald Trump’s tariffs may be punishing the economy.

Read More...

Texas Democrats FLEE To Illinois

Texas Democrats have fled to Illinois to prevent the state legislator to vote on a redistricting map. What will Greg Abbott do in response?

Read More...

Monday's With Maguire (Republican Strategist Erin Maguire)

Monday's With Maguire (Republican Strategist Erin Maguire)

Read More...

First ... 66 67 68 69 70 ... Last

Salem News Channel Today

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