Tesla awards CEO Musk millions in shares valued at about $29 billion

posted in: All news | 0

By MICHELLE CHAPMAN, Associated Press Business Writer

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.

Related Articles


The vast majority of US adults are stressed about grocery costs, an AP-NORC poll finds


Today in History: August 4, LAPD officers sentenced in Rodney King case


Damaging, golf ball-size hail will fall more frequently because of climate change, researchers warn


Today in History: August 3, deadly Walmart shooting in El Paso


Today in History: August 2, verdict in “Black Sox” trial

The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.

In December Delaware Chancellor Kathaleen St. Jude McCormick reaffirmed her earlier ruling that Tesla must revoke Musk’s multibillion-dollar pay package. She found that Musk engineered the landmark pay package in sham negotiations with directors who were not independent.

At the time McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys, who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million.

The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package.

That pay package carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price.

Musk appealed the order in March. A month later Tesla said in a regulatory filing that it was creating a special committee to look at Musk’s compensation as CEO.

Who’s in? Who’s out? Our first 53-man roster projection for the Vikings

posted in: All news | 0

Though there have been ups and downs for young quarterback J.J. McCarthy throughout training camp at TCO Performance Center, he’s already done enough to prove himself as the unquestioned starter.

The biggest question that needs to be answered this week is whether McCarthy will play in the preseason game between the Vikings and the Houston Texans on Saturday afternoon at U.S. Bank Stadium.

A couple of series would likely be all the Vikings need to see out of McCarthy as he continues his progression under center.

As for the rest of the roster, the Vikings are using training camp to figure out where everybody stands, and will use the preseason contests to make final decisions when it comes to who’s in and who’s out.

Here’s our first 53-man roster projection:

Quarterback (3)

In: J.J. McCarthy, Sam Howell, Max Brosmer

Out: Brett Rypien

Analysis: Everything outside of McCarthy is still in flux. It’s been a rather underwhelming training camp for Howell to this point. His spot on the roster seems safe, however, until his replacement is brought in. The reason Brosmer makes the team is because it might be hard to sneak him onto the practice squad. As for Rypien, he will be a prime candidate for the practice squad.

Running Back (3)

In: Aaron Jones, Jordan Mason, Ty Chandler

Out: Zavier Scott, Tre Stewart

Analysis: The backfield will be led by Jones and Mason and everybody else will have to get in where they fit in. The most redeeming quality about Chandler right now might be his ability on special teams. That should help Chandler win over Scott and Stewart.

Fullback (1)

In: C.J. Ham

Out: N/A

Analysis: The only player that Ham is competing with is himself. He’s going to make the team.

Receiver (6)

In: Justin Jefferson, Jordan Addison, Jalen Nailor, Tai Felton, Rondale Moore, Lucky Jackson

Out: Jeshaun Jones, Thayer Thomas, Tim Jones, Dontae Fleming,  Myles Price, Robert Lewis

Analysis: There are seemingly a couple of spots up for grabs after Jefferson, Addison, Nailor, and Felton. The nod goes to Moore because of his abilities as a punt returner and Jackson because of his strong training camp.

Tight End (3)

In: T.J. Hockenson, Josh Oliver, Ben Yurosek

Out: Gavin Bartholomew, Giovanni Ricci, Bryson Nesbit,

Analysis: After getting drafted in the spring, Bartholomew might get cut in the summer. He’s been on the physically unable to perform list throughout training camp. You can’t make the club in the tub. That opens the door for Yurosek. He’s been on a steady climb over the past couple of weeks and recently got some reps with the starters.

Offensive Line (9)

In: Christian Darrisaw (LT), Donovan Jackson (LG), Ryan Kelly (C), Will Fries (RG), Brian O’Neill (RT), Justin Skule (OT), Walter Rouse (OT), Blake Brandel (OG), Michael Jurgens (C)

Out: Logan Brown (OT), Matt Nelson (OT) Marcellus Johnson (OT), Leroy Watson IV (OT), Joe Huber (OG), Henry Byrd (OG), Vershon Lee (OG), Zeke Correll (C)

Analysis: The starting offensive line is set in stone, as is most of the backup offensive line. There are a handful of players that could challenge for a spot on the roster depending on how the preseason goes.

Defensive Line (6)

In: Jonathan Allen, Javon Hargrave, Harrison Phillips, Jalen Redmond, Levi Drake Rodriguez, Tyrion Ingram-Dawkins

Out: Taki Taimani, Jonathan Harris, Travis Bell, Elijah Williams

Analysis: There’s no doubt that Allen and Hargrave are a massive upgrade in the trenches alongside Phillips. That has been on display throughout training camp. The rest of the defensive line is made up of rotational pieces that can be subbed in and out depending on personnel.

Edge Rusher (5)

In: Jonathan Greenard, Andrew Van Ginkel, Dallas Turner, Bo Richter, Gabe Murphy

Out: Tyler Batty, Chaz Chambliss

Analysis: You’d be hard pressed to find a player who has been more impressive than Turner in training camp. He looks like a beast out there wherever he’s lining up on the field. There isn’t any room for either of the undrafted free agents.

Linebacker (4)

In: Blake Cashman, Ivan Pace Jr., Eric Wilson, Kobe King

Out:  Brian Asamoah, Austin Keys, Dorian Mausi

Analysis: The writing has been on the wall for Asamoah ever since King was drafted. They are likely competing for the same spot on the roster. The edge goes to the rookie until further notice.

Cornerback (6)

In: Byron Murphy Jr., Isaiah Rodgers, Jeff Okudah, Mekhi Blackmon, Dwight McGlothern, Zemaiah Vaughn

Out: Ambry Thomas, Kahlef Hailassie, Reddy Steward, Keenan Garber

Analysis: The starting cornerbacks appear to be Murphy, Rodgers, and Okudah. Though the rest of the group is battling, Blackmon, McGlothern, and Vaughn have separated themselves from their peers.

Safety (4)

In: Harrison Smith, Josh Metellus, Theo Jackson, Jay Ward,

Out: Tavierre Thomas, Mishael Powell, Gervarrius Owens

Analysis: After using a trio of safeties more than any team in the NFL, it wouldn’t be surprising to see this group look a little bit more traditional. That would leave Smith and Metellus as the starting safeties with Jackson and Ward playing spot minutes here and there.

Specialists (3)

In: Will Reichard (K), Ryan Wright (P), Andrew DePaola (LS), Oscar Chapman (P)

Out: N/A

Analysis: Because he’s a part of the International Player Pathway Program, Chapman can essentially be kept around for free.

Related Articles


Takeaways from Day 9 of Vikings training camp


Takeaways from Day 8 of Vikings training camp


How the viral Labubu trend made its way to the Vikings


Vikings legend Jared Allen earned respect of ‘Williams Wall’ on path to Hall of Fame


What has J.J. McCarthy learned so far in Vikings training camp?

Molly Coleman outshines Ward 4 candidates in fundraising

posted in: All news | 0

In the four-way race for the Ward 4 seat on the St. Paul City Council, no candidate comes close to raising the kind of cash that Molly Coleman has commanded during her short time on the campaign trail.

Coleman, 33, has raised about $57,000 in five months, spending $22,000 of it as of her most recent campaign finance filing on July 24.

That’s more than double the $25,000 raised by Cole Hanson in the same period, and many times more than the $4,500 raised by Carolyn Will as of her lasting campaign finance filing mid-June, though Will said Thursday that she has raised additional dollars since.

Chauntyll Allen, a Ward 4 candidate who sits on the St. Paul Public Schools board, raised about $8,500 as of her latest filing with Ramsey County Elections on June 12.

“When I look at congressional races, I think about how many things we could do with that amount of money,” said Allen, who said she dislikes political fundraising, and other than an upcoming house party had done little of it. “I think I raised about $40,000 for my first campaign. I was like, ‘Do you know how many people we could help with this money? Do you know how many people I know who need rent support right now?’”

Special election to be held Aug. 12

The special election for the seat — which represents Hamline-Midway, Merriam Park, St. Anthony Park and parts of Macalester-Groveland and Como — will be held Aug. 12.

How has Coleman — a graduate of Harvard Law School, the director of a nonprofit and the daughter of former St. Paul Mayor Chris Coleman — broken away from the pack financially?

Her campaign coffers have benefited from the generous support of politicians, real estate developers, lobbyists, attorneys, political action committees and other members of organizations that could be described as politically left, right and center.

“I’m proud of that,” said Coleman, in an interview Thursday. “I’m really proud that I’ve had support from a whole host of folks who don’t necessarily agree with me on everything, but they see me as somebody who is ready to lead, who cares deeply about the city of St. Paul, and who is ready to meet the moment that we find ourselves in.”

The rent control question

The amount of campaign cash donated by the real estate community, in particular, hasn’t escaped the notice of the other Ward 4 candidates.

The seven-member city council has hosted a number of votes that have split 4-3, like the decision last May to roll back rent control protections in buildings built after 2004, and developers and their legal representatives appear eager to have a seat at the table.

“It’s about whose voices will be heard at City Hall,” said Hanson, a Twin Cities DSA-aligned candidate. “Lobbyists and developers will always write checks to reserve their office time early if they can.”

Coleman has said she supported the council’s May amendment, given the need to jump-start lagging housing construction, and she sees no reason for further changes to rent control at this time. Hanson, on the other hand, had called for preserving rent control for further study rather than watering it down.

A variety of donors

Coleman’s donors, however, run a wide gamut. They include a bartender at the Black Hart bar on University Avenue, the owner of the Mischief Toy Store on Grand Avenue, employees of Twin Cities Habitat for Humanity, a substitute teacher at the Twin Cities German Immersion School and a social worker at Brighton Hospice.

She’s also received donations from former U.S. Sen. Al Franken, St. Paul Mayor Melvin Carter, former Minneapolis Mayor RT Rybak, former St. Paul Police Chief Todd Axtell and Sam and Sylvia Kaplan, who are well-known donors in Minneapolis progressive circles.

Multiple attorneys with the litigation and lobbying firm Lockridge Grindal Nauen contributed to Coleman’s campaign, as did Ryan C. Kelly, principal of Synergetic Endeavors consulting and co-founder of the Primacy Strategy Group, which is co-owned by the law firm. An affiliated political action committee, the Primacy PAC, donated additional dollars.

Another donor was Brian Rice, of Rice Walther & Mosley. Rice’s clients have included the Police Officers Federation of Minneapolis and the Minneapolis Police Fraternal Association, as well as the Minneapolis Parks and Recreation Board. In those capacities, Rice worked closely for years with Bob Kroll, the controversial former president of the Minneapolis police union.

“That is not somebody that I’ve ever had a meeting with, that I’ve ever had a conversation with,” said Coleman, of the Rice donation. “I’m committed to police accountability, I’m committed to true public safety, and using pro-active steps, not using police as our first step toward public safety.”

“If people are projecting Minneapolis political dynamics onto this race,” she added, “feel free to come over and learn about St. Paul.”

Real estate donors

Coleman’s financial backers also include notables from the real estate industry, some of whom have also supported Republican politicians in the past. She noted that those contributors run from nonprofit donors committed to affordable housing to private sector developers involved in market-rate housing, a reflection of her interest in generating housing at all price points.

Her campaign contributors have included Maureen Michalski, a regional senior vice president with the Ryan Companies, the master developer behind Highland Bridge at the former Twin Cities Ford auto manufacturing campus in Highland Park.

Other donors have included Howard Paster of Paster Properties, Deann Weis of Weis Builders, Renee Spillum of the University of Minnesota Foundation’s UMFREA real estate advisers, Ari Parritz of Afton Park Development, Henry Parker of CommonBond Communities, Stephen Wellington of Wellington Management, Christopher Sherman of Sherman Associates and Jamey Flannery of Flannery Construction.

Political action committees backing Coleman financially include those affiliated with the St. Paul Area Chamber of Commerce, the International Union of Painters and Allied Trades, North Central States Regional Council of Carpenters and the Legal Defense Fund (for Black American voting rights).

Hanson has generally drawn smaller donations from less well-known backers mostly based in St. Paul, which he’s described as a strength, not a weakness. His politically-linked donors have included St. Paul City Council Member Nelsie Yang, Minneapolis City Council Member Robin Wonsley, state Rep. Athena Rollins, Luke Mielke of the Twin Cities Democratic Socialists of America and others involved in the Twin Cities DSA, which has officially endorsed his candidacy.

Allen, Will donors

In addition, Allen, Coleman and Hanson all received donations from a political action committee associated with St. Paul Fire Fighters Local 21. “Firefighters Local 21 being my only PAC contribution is kind of fun,” Hanson said.

Allen’s donors have included Hoang Murphy, chief executive officer of the People Serving People emergency shelter, fellow school board member Carlo Franco and several educators and city employees.

Allen said she was unaware of the names of other donors. “I don’t even look at fundraising. I have a fundraising person, and when people try to give me money, I point to her and say, ‘Give it to Amelia,’” Allen said on Thursday. “I honestly don’t even know any specifics like that.”

Will said she’s raised about $10,000 since her last filing in June. Her donors have included a wide mix of people, she said, including “maybe six or seven” individuals opposed to the city’s proposed Summit Avenue bikeway, as well as former St. Paul City Council Member Jane Prince and several members of her own family and her husband’s college fraternity.

“They recognize that I’ve run my own business,” said Will, a former television newscaster who operates her own public relations group and until recently edited a newsletter against the bikeway. “I’ve had dealings with the city. Other people are concerned about downtown.”

Related Articles


Election 2025: St. Paul City Council special election (Ward 4)


St. Paul school board will ask voters for tax hike on November ballot


St. Paul Ward 4 council race: Forums scheduled, endorsements roll in


Four candidates file for Ward 4 seat on the St. Paul City Council


Climate action group schedules first Ward 4 candidate forum

While the race is officially nonpartisan and the St. Paul DFL is not making endorsements this summer, Allen, Coleman and Hanson all spent campaign dollars to access software affiliated with Democratic causes or the Minnesota DFL. Those tools include ActBlue and the MN DFL Action Network, two online platforms that create text message alerts, template fundraising pitches and other campaign instruments for progressive causes and candidates.

Today in History: August 4, LAPD officers sentenced in Rodney King case

posted in: All news | 0

Today is Monday, Aug. 4, the 216th day of 2025. There are 149 days left in the year.

Today in history:

On Aug. 4, 1993, a federal judge sentenced Los Angeles police officers Stacey Koon and Laurence Powell to 2 1/2 years in prison for violating Rodney King’s civil rights.

Also on this date:

In 1790, the U.S. Coast Guard had its beginnings as President George Washington signed a measure authorizing a group of revenue cutters to enforce tariff and trade laws and prevent smuggling.

Related Articles


Damaging, golf ball-size hail will fall more frequently because of climate change, researchers warn


Today in History: August 3, deadly Walmart shooting in El Paso


Today in History: August 2, verdict in “Black Sox” trial


Jeannie Seely, soulful country singer behind hits like ‘Don’t Touch Me,’ dies at 85


Jury orders Tesla to pay more than $240 million in Autopilot crash case

In 1916, the United States reached agreement with Denmark to purchase the Danish Virgin Islands for $25 million in gold.

In 1936, Jesse Owens of the United States won the second of his four gold medals at the Berlin Olympics as he prevailed in the long jump over German Luz Long, who was the first to congratulate him.

In 1944, 15-year-old diarist Anne Frank was arrested with her sister, parents and four others by the Gestapo after hiding for two years inside a building in Amsterdam. (Anne and her sister, Margot, died at the Bergen-Belsen concentration camp.)

In 1960, Burkina Faso (known then as Upper Volta) declared its independence from France after more than 60 years of colonial rule.

In 1964, 44 days after their murders, the bodies of missing civil rights workers James Chaney, Andrew Goodman and Michael Schwerner were found buried in an earthen dam in Mississippi.

In 1972, Arthur Bremer was convicted and sentenced in Upper Marlboro, Maryland, to 63 years in prison for his attempt on the life of Alabama Gov. George C. Wallace (the sentence was later reduced to 53 years; Bremer was released from prison in 2007).

In 1977, President Jimmy Carter signed a measure establishing the Department of Energy.

In 1984, the album “Purple Rain,” by Prince and the Revolution, began its 24-week run at the top of the Billboard 200 record chart.

In 1987, the Federal Communications Commission voted 4-0 to abolish the Fairness Doctrine, which required radio and television stations to present balanced coverage of controversial issues.

In 2009, North Korean leader Kim Jong Il pardoned American journalists Laura Ling and Euna Lee for entering the country illegally and ordered their release during a surprise visit by former U.S. President Bill Clinton.

In 2017, former pharmaceutical CEO Martin Shkreli, who became notorious for a price-gouging scandal, was convicted on federal charges that he deceived investors in a pair of failed hedge funds. (Shkreli was later sentenced to seven years in prison; he was released in 2022.)

In 2019, a masked gunman fired on revelers enjoying summer nightlife in a popular entertainment district of Dayton, Ohio, leaving nine people dead and 27 wounded; police said officers shot and killed the shooter within 30 seconds of the start of his rampage.

In 2020, nearly 3,000 tons of ammonium nitrate that had been improperly stored for years in the port of Beirut, Lebanon, exploded, killing more than 200 people, injuring more than 7,000 and devastating nearby neighborhoods; it was one of the largest non-nuclear explosions ever recorded.

Today’s Birthdays:

Actor-singer Tina Cole is 82.
Football Hall of Famer John Riggins is 76.
Former Attorney General Alberto Gonzales is 70.
Actor-screenwriter Billy Bob Thornton is 70.
Actor Kym Karath (Film: “The Sound of Music”) is 67.
Hall of Fame track star Mary Decker Slaney is 67.
Actor Lauren Tom is 64.
Former President Barack Obama is 64.
Retired MLB All-Star pitcher Roger Clemens is 63.
Actor Crystal Chappell is 60.
Author Dennis Lehane is 60.
Actor Daniel Dae Kim is 57.
Actor Michael DeLuise is 56.
Former race car driver Jeff Gordon is 54.
Rapper-actor Yo-Yo is 54.
R&B singer-actor Marques Houston is 44.
Britain’s Duchess of Sussex, the former actor Meghan Markle, is 44.
Actor Abigail Spencer is 44.
Actor/director Greta Gerwig is 42.
Country singer Crystal Bowersox (TV: “American Idol”) is 40.
Actors Dylan and Cole Sprouse are 33.
Singer Jessica Sanchez (TV: “American Idol”) is 30.