The Firms That Nixed Elon Musk’s $55 Billion In Pay, Want ~$6 Billion In Fees, In Delaware.

Certainly, $55 billion in pay is excessive at a public company.

But I’m conflicted about the outside shareholders effectively having to award $6 billion (in stock) to the lawyers — for striking it.

Here’s the latest:

…The law firms are asking for just over 11% of the shares that would have otherwise gone to Musk as part of his pay package, or about 29.4M shares. Based on Tesla stock’s last closing price of $202.64, the fee amounts to $5.96B. If awarded, it would make it the biggest payday for attorneys in a corporate case.

“We recognize that the requested fee is unprecedented in terms of absolute size,” the law firms said in the filing.

Musk weighed in on the development. “The lawyers who did nothing but damage Tesla want $6 billion. Criminal,” the billionaire businessman said on X (formerly Twitter)….

The result was outstanding — given the very high risk the suit would fail.

Even so, that “feels” like too much of a windfall for legal work.

Onward.

Johnson: Purveyor Of Unpatriotic Lies Re Humanitarian Aid In Gaza…

Scott is fully aware that it’s his lying rhetoric (and Bibi’s) that brings us to this moment.

The US humanitarian aid airdrop now underway… is to prevent Gaza civilians (pinned in a kill box, by IDF) from starving to death.

There are repeated and consistent reports which reflect that about 80 of the 100 dead Gazans (in what Scott called the food riot) this week… were shot, not trampled.

That is squarely on Bibi’s karmic debt ledger.

But Johnson would claim in unpatriotic, and unctuous fashion — that Mr. Biden is aiding Hamas here.

Scott never decried our humanitarian aid in the Sudan war zones, right?

That’s all we need to know: Scott actually advocates… genocide here.

Damn.

A Human Has Been Implanted With A Musk Brain Chip — And Separately, Musk Sued Open AI, Claiming It Is “Putting Profits Before People…”

This is just a pair of life-science notes about Mr. Musk. First, it is clear from FOIA requests that his record keeping in his animal labs (pre-FDA clearance for study implants) was cited as inadequate last summer. He has since remediated those issues, and as I say… some foolish person has agreed to let his company, NeuraLink, place a computer chip inside his brain. Yikes.

Then separately, Musk announced he had sued OpenAI, saying that that company failed to remain true to the mission of benefiting humanity, and is dangerously aiming to maximize short term profits. [Is anyone surprised by either of these stories?]

Here’s the bit about the 483s, via an exclusive at Reuters:

…The FDA has not issued its designation indicating the severity of problems found in the inspection, according to the agency’s database. While the problems identified are serious, they do not appear to be significant enough to justify the FDA’s worst inspection designation, which would prompt action, the experts said.

Carly Pflaum, an FDA spokesperson, said Neuralink “provided sufficient information to support the approval” of its human trial application. The agency routinely conducts such inspections, Pflaum said, after human trial approval and before commercial approval to “assure data integrity and reliability” and compliance with other FDA regulations.

“The FDA will continue to monitor the safety of those enrolled in the study for Neuralink’s implant device through required, regular reports,” Pflaum said….

Of the two, it seems to me that Open AI poses the larger long term threat. I hate to seem a Luddite here, but I think we have no idea what will come of that initiative, if left solely in the hands of young MBAs looking to “monetize” it. Onward, nonetheless… smile.

नमस्ते

And From Our Friends At ESA, The Ariane 6 Rocket Assembly Has Arrived — At The French Guiana Spaceport!

The embedded video below is excellent; do watch.

Humanity’s push — into space — sleeps for no one. So onward, we venture — as a unified planet.

…The largest components for the first flight model of Europe’s new rocket Ariane 6 arrived at the port of Pariacabo in Kourou, French Guiana on 21 February 2024 via the novel ship, Canopée (canopy in French)….

The Ariane 6 stages and components are all manufactured across Europe. On this trip, Canopée brought the central core for Ariane 6’s first flight. The main engine and the main stage were integrated in Les Mureaux, France, while the upper stage and insulation for the rocket’s exterior were built up in Bremen, Germany.

The various Ariane 6 components are then offloaded and transported by road to the new Ariane 6 launch vehicle assembly building just a few kilometres away. Here, the launcher stages are unpacked and installed on the assembly line for integration, and finally, liftoff….

Be excellent to one another — and along those lines, we in the US will supply humanitarian aid, to women, children and all civilians in Gaza. We will not stand by while Bibi chokes off aid, to true innocents.

नमस्ते

And… That’s Likely “End of Mission” For Odysseus, At The Lunar South Pole, As Well…

As we earlier reported — it was only going to have sunlight, and thus battery power… through this morning.

And as expected, it has stopped transmitting data.

There is a small chance that when [later next month] the Sun next hits those of its solar arrays not shadowed by lying on its side, it might get enough of a charge to “phone home“, once again. We will be listening — and so, we shall see.

But all in all a fine success — considering what the team was up against, as it landed. Now you know.

नमस्ते

[U: At The Bottom.] So… Mirengoff Is More Concerned About A Guy Who Kills Himself — Than He Is, About Several Ex-Military Guys Who’ve Mass-Murdered Others?

Look — no one thinks setting oneself on fire is a good idea.

And to be certain, no one has a right to tell him how he should express his emotions about the situation in Gaza. That is for him to decide. I do not condone it — but his goal was not to injure others. In fact, as deluded as it may sound, he likely hoped his death, while regrettable, would hasten the day when the killing stops in Gaza.

You may quibble about whether that was a realistic thought.

But it is an unassailable fact that the death toll, from ex-military men — who have mass murdered their fellow citizens… vastly exceeds anything Paul laments here — and over 600 to one, on the self harm dimension (setting themselves on fire), in this way.

But after 100 are dead in Gaza — for trying to simply get food and water — with IDF firing on clearly unarmed Palestinians (though the reports vary over how many had bullet wounds, as compared to being trampled in the crush — some say 80 of the 100 were shot by IDF, some say Hamas fired on them as well)… it is clear: Paul is rather desperate to deflect attention from his bad judgment calls here (as are the Powerliners).

So he paints this suicide as as a national security breach.

That is as dishonest as it is… hypocritical. He never blamed any administration for Tim McVeigh’s bombing in Oklahoma City. That was over 160 all by itself, right?

He didn’t say much about the CBS report that found that about 26% of mass shooters (over six decades) have had military service or training. That is four times the incidence of military service in the general U.S. adult population, where 7%, or fewer than 1 in 10, has a military background, according to the U.S. Census Bureau.

Where is your piece on protecting your fellow Americans from that far more immediate risk, Paul? Where is your advocacy for mental health funding — coupled to a real gun control piece, Mr. Mirengoff?

Where?

Updated: Scott Johnson goes well beyond mere hypocrisy in his tonight. I cannot ignore it.

He falsely claims that the US forces airlifting humanitarian aid into Gaza, by what will doubtlessly be military style air-drops, is “AID to Hamas“. That is borderline treason — as a false claim, son.

If IDF wasn’t actively killing people, for seeking food and water, and wasn’t pinning Palestinian civilians generally into kill boxes, the US wouldn’t have a need to do air-drops of food and water and medicines — simply to avoid… yep — Israeli war crimes.

Johnson should consider that his own fiery rhetoric is in some part responsible for the corner Bibbi painted himself into — precipitating this moment by a moral Mr. Biden.

Damn. What a putz Scott is.

AIM — NASA’s “Top O’ The Clouds Mission” Comes To An End — After 16 Years Of Excellent Science…

[Editorial note: to be clear, everything being burped up, over at Powerline… is unworthy of any careful, reasoned analysis this past week… so we are, in the main, ignoring it. Space science is far more interesting, in any event — as you may readily discern. Onward.]

Main item: No word yet on plans to de-orbit the spacecraft into the Pacific, but no doubt that will be the goal — a safe re-entry.

The craft’s main battery failed just about a year ago — about 7 X beyond its designed life span. Here’s the story — from NASA:

…After 16 years studying Earth’s highest clouds for the benefit of humanity – polar mesospheric clouds – from its orbit some 350 miles above the ground, NASA’s Aeronomy of Ice in the Mesosphere, or AIM, mission has come to an end.

Initially slated for a three-year mission, AIM was extended numerous times due to its high science return. While AIM has faced hurdles over the years – from software hiccups to hardware issues – an incredibly dedicated team kept the spacecraft running for much longer than anyone could have anticipated.

On March 13, 2023, the spacecraft’s battery failed following several years of declining performance. Multiple attempts to maintain power to the spacecraft were made, but no further data could be collected, so the mission has now ended….

Over the years, AIM made many big discoveries. Data from the mission has thus far led to nearly 400 peer-reviewed publications. This includes findings on how these clouds can be created by meteor smoke and water vapor from rocket exhaust, how events near Earth’s surface can trigger changes in the clouds, and how ice high in the atmosphere can cause mysterious radar echoes, which are created in certain regions of the atmosphere during the summer….

Now you know. Grinning here….

नमस्ते

Merck v. Merck Global Lanham Act Trial Nears, In Federal Court In New Jersey — Final Pre-Trial Conference Next Tuesday, March 5, 2024.

We have followed this for going on 15 years now. And the able judge has indicated there will be no more extensions of the calendar. For nearly ten years the parties have explored settlement, but no final agreement has appeared.

So, the courts will move forward to use the pressure of a multi-billion dollar stake, at trial — to help both sides get “reasonable”. We shall see — but we do know that the first open two weeks or so, on the busy Newark federal court’s calendar is in early 2025. But we also know that as a matter of press access, the court has confirmed that this pre-trial order will be on the public docket, once finalized (as we earlier reported). Here is the latest:

…TEXT ORDER: There will be a Telephone Conference on 3/5/2024 at 11:00 a.m. before the Undersigned.

The parties will dial 1-888-XXX-XXXX and access code XXXXXXX# to join the conference. On or before 5/10/2024, counsel shall submit a revised proposed final pretrial order.

So Ordered by Magistrate Judge Michael A. Hammer on 2/29/2024….

Onward. . . every thousand mile journey begins… with a first, halting… step. Grin.

नमस्ते