Weeneebayko Area Health Authority and the Government of Ontario have awarded a $1.8 billion fixed-price contract to design, build and finance a new Far North hospital.
Norwegian wealth fund to vote against Elon Musk's Tesla pay package
Norway's sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk's hefty CEO compensation package during Tesla's annual meeting on Thursday.
It's the latest pushback over the size of the pay package, which was recently valued by the company at US$44.9 billion, but in January had a value of about US$56 billion. In May, two big shareholder advisory firms, ISS and Glass Lewis, recommended voting against the package.
鈥淲hile we appreciate the significant value generated under Mr. Musk鈥檚 leadership since the grant date in 2018, we remain concerned about the total size of the award, the structure given performance triggers, dilution, and lack of mitigation of key person risk,鈥 Norges Bank Investment Management said in a statement on its website. 鈥淲e will continue to seek constructive dialogue with Tesla on this and other topics.鈥
Tesla asked shareholders to restore Musk鈥檚 pay package after it was rejected by a Delaware judge this year.
The fund, called the Government Pension Fund Global, which has a 0.98 per cent stake in Tesla worth US$7.72 billion, voted against the package initially in 2018.
The fund invests proceeds from the country鈥檚 oil and gas industry to secure pensions for future generations in Norway. It is worth 17.80 trillion Norwegian Krone (US$1.67 trillion). Because of its sheer size, the fund does not reinvest all its money in Norway, or it would overheat the economy. It invests in 72 countries worldwide.
The fund also plans to vote for several shareholder policies that management has recommended shareholders vote against, including a proposal to adopt a noninterference policy respecting freedom of association and collective bargaining; adopting a simple majority vote; declassifying the board of directors; and publishing reports on harassment and discrimination prevention efforts.
CTVNews.ca 星空传媒
'I think Israel is interested in a ceasefire': U.S. ambassador to Canada
In an interview with CTV鈥檚 Question Period host Vassy Kapelos, airing Sunday, Cohen said that despite the failed attempt at a pause, he still believes a ceasefire is possible.
A gargantuan gourd 鈥 affectionately named 鈥極rangina鈥 by the urban gardeners who grew it in the front yard of their Vancouver home 鈥 earned the massive honour of being named B.C.鈥檚 heaviest giant pumpkin Saturday.
Hurricane Milton has formed and could grow stronger before hitting Florida midweek
U.S. Air Force hurricane hunters have confirmed that Milton has rapidly intensified into a hurricane as it moves toward Florida, the National Hurricane Center in Miami said.
Ontario Provincial Police say a man has died after striking obstacles on the St. Lawrence River while driving a personal watercraft.
'Joker 2' stumbles at box office amid poor reviews from audiences and critics
'Joker: Folie a Deux' is the No. 1 movie at the box office, but it might not be destined for a happy ending.
A year into the Israel-Hamas war, students say a chill on free speech has reached college classrooms
As a junior at George Washington University, Ty Lindia meets new students every day. But with the shadow of the Israel-Hamas war hanging over the Washington, D.C., campus, where everyone has a political opinion, each new encounter is fraught.
Frequent drinking of fizzy beverages and fruit juice linked to an increased risk of stroke: research
New data raises questions about the drinks people consume and the potential risks associated with them, according to researchers at Galway University in Ireland, in partnership with Hamilton鈥檚 McMaster University.
The eight sons of Richard and Sarah Harvie from Gormanville, N.S., are believed to be the most siblings from one family, from either North America or the British Commonwealth, to serve in World War II.
Local Spotlight
Weeneebayko Area Health Authority and the Government of Ontario have awarded a $1.8 billion fixed-price contract to design, build and finance a new Far North hospital.
Bubi鈥檚 Awesome Eats, located on University Ave West took to social media to announce the closure on Friday.
Some Manitobans are cleaning up Sunday morning, after intense winds barreled through southern parts of the province Saturday.
Avry Wortman, 13, scored two touchdowns on Sunday during her team's win in the under 14 Greater Moncton Football Association.
A gargantuan gourd 鈥 affectionately named 鈥極rangina鈥 by the urban gardeners who grew it in the front yard of their Vancouver home 鈥 earned the massive honour of being named B.C.鈥檚 heaviest giant pumpkin Saturday.
Chantal Kreviazuk is set to return to Winnipeg to mark a major milestone in her illustrious musical career.
From the beaches of Cannes to the bustling streets of New York City, a new film by a trio of Manitoba directors has toured the international film festival circuit to much pomp and circumstance.
A husband and wife have been on the road trip of a lifetime and have decided to stop in Saskatchewan for the winter.
The grave of a previously unknown Canadian soldier has been identified as a man from Hayfield, Man. who fought in the First World War.