Business

Elon Musk’s new Tesla compensation plan only pays if he delivers

Elon Musk’s new Tesla compensation package is the CEO equivalent of putting your money where your mouth is: He’ll only be paid out if he manages to raise the value of Tesla as a company to certain milestones, kind of like Kickstarter project stretch goals on a grand scale. Per the New York Times, Musk’s compensation will start at zero, and will increase based on incremental targets beginning at a $100 billion market value threshold, with boosts coming at every $50 billion increment after that, going all the way up to a total valuation of $650 billion for Tesla. Put in perspective, the company is currently worth just under $60 billion based on its share price. Musk’s compensation, should he hit these targets, will be paid out in the form of stock awards, and under the terms of the deal, eve...

Twitter COO Anthony Noto resigns to become SoFi CEO

Twitter COO Anthony Noto has left the company, Twitter announced Tuesday. Noto’s leaving because he accepted a CEO role elsewhere, according to the release. Just last week, the WSJ reported that Noto was mulling the top executive job at finance startup SoFi, and indeed SoFi confirmed today that he’s joining effective March 1. Regarding Noto’s Twitter departure, CEO Jack Dorsey expressed respect and appreciate for the departing executive’s work at the social network, and sadness at his leaving. I’m really sad to see @anthonynoto leave us, but I’m happy for him and really proud of everything he’s accomplished at Twitter. He’s been a friend, partner, and mentor to me for years. He always has my support and gratitude. Thank you Anthony! We love you. https://t.co/wdI0rJqIck — jack (@jack) Janua...

Alleged N400m fraud: EFCC asks court to revoke Metuh’s bail, send him to prison

By Ikechukwu NnochiriABUJA – The Economic and Financial Crimes Commission, EFCC, on Tuesday, asked the Federal High Court in Abuja to revoke the bail it granted to former National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh. METUH The anti-graft agency, in an application that was made by its lead counsel, Mr. Sylvanus Tahir, urged the court to remand Metuh in prison custody pending the determination of the criminal charge against him. The application followed the absence of the embattled former PDP spokesman in court for two consecutive dates that his case was fixed for hearing. Metuh is answering to a seven-count criminal charge alongside his firm, Destra Investment Limited. EFCC is prosecuting him over allegation that he had before the...

Herdsmen: Attack, reprisal claim six lives in Adamawa

Six people were killed last weekend when cattle herders battled farmers in northeast Nigeria, a state government official said on Tuesday, in violence that has piled pressure on the government. Herdsmen The clashes happened on Sunday in the Numan district of Adamawa state, where militia from the ethnic Bachama farming community killed at least 30 Fulani herders last November. “Six people were killed and many others were injured in attacks on two villages, Kikan and Lauru,” Adamawa state information commissioner Ahmad Sajo told AFP. “A group of Fulani attacked Kikan, which is a Bachama village, killing three people, injuring many and carting away cattle.” He added: “Bachama youths in the area mobilised and launched a reprisal attack on nearby Lauru village.” But the att...

Hydro-power: Edo to dam Ikpoba, Ovia Rivers; partners UNDP

…to support bill on Maritime Security AgencyThe Edo State Government has disclosed that it is in talks with the United Nations Development Programme (UNDP) to harness the state’s water resources to generate electricity. Obaseki This was disclosed by the Governor of Edo State, Mr. Godwin Obaseki, when he received the Coordinator and Officers of the Maritime Security Agency (MSA) during the group’s courtesy visit to the governor at the Government House in Benin City, Edo State. Obaseki said the partnership talks with the UNDP on electricity generation is to strengthen the state government’s efforts to promote economic activities. He said, “We are currently working with the UNDP to develop a mini-hydro project from the water resources in the state, specifically from Ovia ...

Photos: Aare Ona-Kakanfo Gani Adams prostrates in church during service

Photos show the new Aare Ona-Kakanfo, Gani Adams, prostrate in the church during service. Aare Ona-Kakanfo, Gani Adams Aare Ona-Kakanfo, Gani Adams

APC begs Osun citizens not to take Saturday’s polls lightly

By Gbenga Olarinoye, Osogbo.The All Progressives Congress, APC, in Osun state has urged citizens of the state, especially its supporters to come out en masse on Saturday to vote for those who they would prefer to be in charge of their local governments “because it is a responsibility they should not take lightly”. From left, Candidate of All Progressive Congress (APC), for the Osun West Senatorial By-Election, Senator Mudashir Hussain; Governor Rauf Aregbesola; his deputy, Mrs Titi Laoye-Tomori and others, at the Mega Rally for the forthcoming Osun West Senatorial Bye-Election in the State, held in Ede on Wednesday 05-07-2017 According to the party, “participation in local government election is as important as any other election in the country, and for locals, it should perhaps be more im...

Cattle colonies, a time bomb waiting to explode – Biafra group

The Movement of Biafrans in Nigeria (MOBIN) has said that the federal government’s plan to have cattle colonies across the states in the country is a time bomb waiting to explode. MOBIN also accused the Federal Government of refusing to proscribe as terrorist group, the herdsmen killing and maiming lives in many parts of the country just like it rushed to proscribe the Indigenous People of Biafra, IPOB, group, saying while IPOB group was only agitating peacefully for a right course, the herdsmen are killing and raping people with impunity. Biafra  In a statement signed by its Director-General, Eberechukwu Anigbogu, MOBIN said the federal government’s delay or reluctance in proscribing herdsmen as terrorist group despite their terror acts in many parts of the country smacks of complicity. &...

Breaking: Nigeria has 350m illegal, light weapons – FG

By Omeiza Ajayi ABUJA – In what looks like a frightening statistic, the Federal Government has lamented the proliferation of light and small weapons in Nigeria, saying 70 percent of the 500 million of such weapons in West Africa, translating to 350 million are found in Nigeria. Weapons recovered from the militants in Rivers Minister of Interior, Gen. Abdulrahman Dambazau (retd) stated this Tuesday in Abuja at a high level meeting on proliferation of small arms and light weapons as well as drug abuse in Nigeria. The meeting is currently ongoing behind closed doors. Details Later….

Breaking: Police dock Buhari’s second term campaigner in Kano

By AbdulSalam MuhammadPresident Muhammadu Buhari’s second term campaigner in Kano, Alhaji Dan’Bilki Komanda has been arraigned at magistrate Court 26 for impersonation. Buhari Wearing a blue flowing gown with a cap to match, the self acclaimed second term campaigner was taken from police cell to court amid tight security. Komanda ran into trouble waters following a petition by two President Buhari’s Special Assistants, Sha’aban Sharada, Bashir Suleiman and one of their friends, Malam Hafiz that sought police to investigates the self acclaimed President Buhari’s Campaigner for “attacking their personality in a Radio programme aired in Kano. Attempt by a serving police officer to take a shot of Dan’Bilki at the dock led to free for all as his boys put up a stiff resistan...

UN flag no longer offers enough protection for peacekeepers – Report

UN – The UN should accept that its flag itself no longer offers enough protection for the peacekeepers and they need better training, equipment and greater freedom to respond to threats, a report said. United-Nations The report entitled: “Improving Security of UN Peacekeepers: We need to change the way we are doing business,” was directed by the UN secretary-general. “The UN and Troop- and Police-Contributing Countries [T/PCCs] need to adapt to a new reality: the blue helmet and the UN flag no longer offer “natural” protection … “If the UN and T/PCCs do not change their mindset, take risks and show a willingness to face these new challenges, they will be consciously sending troops into harm’s way,” according top a report by the world body. The report stressed that “hos...

What’s my immediate future?

Astrological Counselling LEO: ITS important you don’t take things and people for granted now because they may not be as co-operative tomorrow as they are now. Be more loving. VIRGO: ALTHOUGH there seem to be an air of understanding within your working arena today, tomorrow’s full-moon may turn the whole thing the other way. LIBRA: HERE is an exciting day that will climax tomorrow. After a long time, others will see how passionate you can be even in love. Don’t gamble, please. SCORPIO: IF your desire is to make money today, you will need to be less emotional and prepare for domestic challenges tomorrow. Enjoy your love life. SAGITTARIUS: GOOD relationship between the Moon  and lucky Jupiter will bring you good opportunities. Be less argumentative. CAPRICORN: THIS is you...