Musk's Record $56bn Pay Deal Rejected Again
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Tesla CEO Elon Musk's record-breaking $56bn (47bn) pay award will not be
reinstated, a judge has ruled.
1 hour ago
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“The more corrupt the state, the more numerous the laws.” ~ Gaius Cornelius Tacitus
Jun 28, 6:16 PM (ET)click here to read more
By JULIE HIRSCHFELD DAVIS
WASHINGTON (AP) - President Bush's immigration plan to legalize as many as 12 million unlawful immigrants while fortifying the border collapsed in the Senate on Thursday, crushing both parties' hopes of addressing the volatile issue before the 2008 elections.
The Senate vote that drove a stake through the delicate compromise was a stinging setback for Bush, who had made reshaping immigration laws a central element of his domestic agenda. It could carry heavy political consequences for Republicans and Democrats, many of whom were eager to show they could act on a complex issue of great interest to the public.
"Legal immigration is one of the top concerns of the American people and Congress' failure to act on it is a disappointment," a grim-faced president said after an appearance in Newport, R.I. "A lot of us worked hard to see if we couldn't find common ground. It didn't work."
Sen. Edward M. Kennedy, D-Mass., his party's lead negotiator, called the defeat "enormously disappointing for Congress and for the country." But, he added: "We will be back. This issue is not going away."