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None( MENAFN - EIN Presswire) A Delaware Court has rejected Tesla's attempt to reinstate Elon Musk's court-rescinded options despite Tesla's shareholders“ratification” of the options. Tesla and Musk could appeal the latest court decision or the earlier decision which initially struck down the Musk option grant. Separately, the Court approved record-setting attorney fees in the amount of $345 million, down from the initial fee request of $5.6 billion. The saga of Elon Musk's option mega-grant continues. shareholders first approved the multi-billion-dollar option grant in 2018. A Delaware court judge rescinded the grant on January 30, 2024, followed by a shareholder vote ratifying the rescinded option grant on June 13, 2024. On June 30, 2024, Tesla filed a motion with the Delaware court seeking reinstatement of the option grant on the basis of this shareholder ratification. On December 2, 2024, the Delaware court rejected Tesla's motion and let stand its decision to rescind the grant. Against this backdrop, Tesla's market capitalization has increased from approximately $50 billion to an extraordinary $1 trillion+ over the same time period. This increase in market capitalization has driven the in-the-money value of these options to approximately $100 billion! After the January 2024 court decision rescinding Musk's option grants, Tesla executed what appears to be a novel legal strategy with the goal of persuading the Delaware court to reverse its decision. This strategy was premised on the legal theory that a post-judgment shareholder ratification of the Musk options would“cure” wrongs found by the Delaware court in connection with the grant of the options (including disclosure deficiencies, procedural deficiencies and breaches of fiduciary duty). In its proxy disclosure to shareholders, Tesla contended that the curing of these wrongs through shareholder ratification would result in the reinstatement of Musk's options. In addition, Tesla contended that the restoration of the option grants would undermine the rationale supporting plaintiffs' attorney's $5 billion+ fee request and would justify a substantial reduction by the Court of such requested fees. On June 13, 2024, 76% of Tesla shareholders approved the ratification of the Musk options. On June 28, 2024, Tesla petitioned the Delaware Court to reverse its decision to rescind the Musk grants. On December 2, 2024, the Delaware court minced no words in its wholesale rejection of Tesla's motion to reverse the court's decision rescinding Musk's option grants. At the outset of its decision, the court acknowledges that“the large and talented group of defense firms got creative with the ratification argument.” The pleasantries ended there with the court finding that defense counsels'“unprecedented theories” underlying the ratification argument“go against multiple strains of settled law.” In particular, the court noted that counsels' theories were defective in the following ways: . The defendants have no procedural ground for flipping the outcome of an adverse post-trial decision based on evidence they created after trial and noting that“[w]ere the court to condone the practice of allowing defeated parties to create new facts for the purpose of revising judgments, lawsuits would become interminable”. . Common-law ratification is an affirmative defense that must be timely raised, which means that, at a minimum, it cannot be raised for the first time after the decision. . What the defendants call“common law ratification” has no basis in the common law, a stockholder vote standing alone cannot ratify a conflicted-controller transaction. . Even if a stockholder vote could have a ratifying effect, it could not do so here due to multiple, material misstatements in the proxy statement seeking shareholder ratification. The court noted that each of these defects standing alone defeats Tesla's motion to reverse the court's prior holding. Tesla has already indicated that it will appeal the court's decision to the Delaware Supreme Court. When the appeal will be heard, and a decision rendered is not known at this time. The Delaware Court also ruled on plaintiffs' counsel fee request. In an epic display of understatement, the court noted the following: “The plaintiff's attorneys asked for $5.6 billion in freely tradeable Tesla shares. In a case about excessive compensation, that was a bold ask.” The court found the methodology used to calculate the requested fees was“sound” (i.e., based on a percentage of the“value of the benefit achieved” by counsel i.e., $56 billion) but would result in an unjustifiable“windfall” for plaintiffs' counsel. As suggested by defense counsel, the court determined that the value of the benefit achieved should reflect the reversal of the accounting expense associated with the rescission of Musk's options, which equaled the options' grant date fair value of $2.3 billion. The court then applied a“conservative” 15% fee percentage to arrive at a fee award of $345 million, which the court opined was“an appropriate sum to reward a total victory.” The fee award is a record by a Delaware court. Tesla may pay the approved attorney fees in either stock or cash. Meridian comments. Many legal observers predicted the Delaware court's decision to rebuff Tesla's attempt to reinstate Musk's options given the unprecedented nature of Tesla's legal gambit. The decision itself does not cover any new ground on corporate governance relative to the setting and approval of executive compensation. Further, as we noted in an earlier Client Update, [1] the initial decision rescinding the Musk option grant does not have widespread application to corporate board pay decisions, due to the relatively unique fact pattern underlying the Musk case. The cornerstone of the case was Musk's status as a“controlling shareholder.” Only a handful of public company CEOs could plausibly be labeled a controlling shareholder under the court's analysis. However, the court's decision serves as an important reminder that Boards and compensation committees should maintain sound procedures and practices when developing executive pay packages. Early opinion among legal writers is that the Delaware Supreme Court is unlikely to overturn the lower court's decision on the recission of Musk's option grants. If that turns out to be the case, then the Tesla board could approve a replacement equity grant with a value approximating the current in-the-money value of the rescinded option grants (i.e., $100 billion). However, unlike the 2018 option grants, the Board could conclude that the replacement grant should be subject solely to time-based vesting since Tesla achieved and exceeded the performance goals under the rescinded grant. Without regard to the merits of the Delaware Court's initial decision to rescind Musk's grants, the facts and circumstances surrounding the option grant are likely to confound a non-legal observer as to how the grant harmed shareholders. Shareholders clearly understood the economics of the option grant at the time of its approval. The supposed conflicted and controlled board and compensation committee did not approve a sweetheart grant. Tesla could have granted Mr. Musk a mega grant of time-based restricted stock with a relatively short vesting period (and precedent exists for such grants at other public companies). Instead, Tesla's board and compensation committee approved a grant with fantastical and unprecedented performance goals that at the time of grant had an extremely low probability of achievement. The fact that these performance goals were achieved and exceeded does not demonstrate that such goals were not requiring at the time they were set. 1See Meridian Client Update Delaware Court Strikes Down Musk's $56 Billion Pay Package , February 16, 2024.(go back) Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. 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ATLANTA — Jimmy Carter, the peanut farmer who won the presidency in the wake of the Watergate scandal and Vietnam War, endured humbling defeat after one tumultuous term and then redefined life after the White House as a global humanitarian, has died. He was 100 years old. The longest-lived American president died on Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , spent most of their lives, The Carter Center said. People are also reading... “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” the center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. Businessman, Navy officer, evangelist, politician, negotiator, author, woodworker, citizen of the world — Carter forged a path that still challenges political assumptions and stands out among the 45 men who reached the nation’s highest office. The 39th president leveraged his ambition with a keen intellect, deep religious faith and prodigious work ethic, conducting diplomatic missions into his 80s and building houses for the poor well into his 90s. “My faith demands — this is not optional — my faith demands that I do whatever I can, wherever I am, whenever I can, for as long as I can, with whatever I have to try to make a difference,” Carter once said. In this Nov. 3, 2019, file photo, former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga. A president from Plains A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. His no-frills campaign depended on public financing, and his promise not to deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter repeated before narrowly beating Republican incumbent Gerald Ford, who had lost popularity pardoning Nixon. Carter governed amid Cold War pressures, turbulent oil markets and social upheaval over racism, women’s rights and America’s global role. His most acclaimed achievement in office was a Mideast peace deal that he brokered by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at the bargaining table for 13 days in 1978. That Camp David experience inspired the post-presidential center where Carter would establish so much of his legacy. Yet Carter’s electoral coalition splintered under double-digit inflation, gasoline lines and the 444-day hostage crisis in Iran. His bleakest hour came when eight Americans died in a failed hostage rescue in April 1980, helping to ensure his landslide defeat to Republican Ronald Reagan. Carter acknowledged in his 2020 “White House Diary” that he could be “micromanaging” and “excessively autocratic,” complicating dealings with Congress and the federal bureaucracy. He also turned a cold shoulder to Washington’s news media and lobbyists, not fully appreciating their influence on his political fortunes. “It didn’t take us long to realize that the underestimation existed, but by that time we were not able to repair the mistake,” Carter told historians in 1982, suggesting that he had “an inherent incompatibility” with Washington insiders. Carter insisted his overall approach was sound and that he achieved his primary objectives — to “protect our nation’s security and interests peacefully” and “enhance human rights here and abroad” — even if he fell spectacularly short of a second term. FILE - From left, President Barack Obama, former President Jimmy Carter, first lady Michelle Obama and former President Bill Clinton wave from the Lincoln Memorial in Washington during a celebration of the 50th anniversary of the March on Washington where Martin Luther King Jr. spoke, Aug. 28, 2013. And then, the world Ignominious defeat, though, allowed for renewal. The Carters founded The Carter Center in 1982 as a first-of-its-kind base of operations, asserting themselves as international peacemakers and champions of democracy, public health and human rights. “I was not interested in just building a museum or storing my White House records and memorabilia,” Carter wrote in a memoir published after his 90th birthday. “I wanted a place where we could work.” That work included easing nuclear tensions in North and South Korea, helping to avert a U.S. invasion of Haiti and negotiating cease-fires in Bosnia and Sudan. By 2022, The Carter Center had declared at least 113 elections in Latin America, Asia and Africa to be free or fraudulent. Recently, the center began monitoring U.S. elections as well. Carter’s stubborn self-assuredness and even self-righteousness proved effective once he was unencumbered by the Washington order, sometimes to the point of frustrating his successors . He went “where others are not treading,” he said, to places like Ethiopia, Liberia and North Korea, where he secured the release of an American who had wandered across the border in 2010. “I can say what I like. I can meet whom I want. I can take on projects that please me and reject the ones that don’t,” Carter said. He announced an arms-reduction-for-aid deal with North Korea without clearing the details with Bill Clinton’s White House. He openly criticized President George W. Bush for the 2003 invasion of Iraq. He also criticized America’s approach to Israel with his 2006 book “Palestine: Peace Not Apartheid.” And he repeatedly countered U.S. administrations by insisting North Korea should be included in international affairs, a position that most aligned Carter with Republican President Donald Trump. Among the center’s many public health initiatives, Carter vowed to eradicate the guinea worm parasite during his lifetime, and nearly achieved it: Cases dropped from millions in the 1980s to nearly a handful. With hardhats and hammers, the Carters also built homes with Habitat for Humanity. The Nobel committee’s 2002 Peace Prize cites his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Carter should have won it alongside Sadat and Begin in 1978, the chairman added. Carter accepted the recognition saying there was more work to be done. “The world is now, in many ways, a more dangerous place,” he said. “The greater ease of travel and communication has not been matched by equal understanding and mutual respect.” FILE - Jimmy Carter gives his acceptance speech after accepting the Democratic nomination for president on the convention floor, July 15, 1976, at New York's Madison Square Garden. ‘An epic American life’ Carter’s globetrotting took him to remote villages where he met little “Jimmy Carters,” so named by admiring parents. But he spent most of his days in the same one-story Plains house — expanded and guarded by Secret Service agents — where they lived before he became governor. He regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined and the coronavirus pandemic raged. Those sessions drew visitors from around the world to the small sanctuary where Carter will receive his final send-off after a state funeral at Washington’s National Cathedral. The common assessment that he was a better ex-president than president rankled Carter and his allies. His prolific post-presidency gave him a brand above politics, particularly for Americans too young to witness him in office. But Carter also lived long enough to see biographers and historians reassess his White House years more generously. His record includes the deregulation of key industries, reduction of U.S. dependence on foreign oil, cautious management of the national debt and notable legislation on the environment, education and mental health. He focused on human rights in foreign policy, pressuring dictators to release thousands of political prisoners . He acknowledged America’s historical imperialism, pardoned Vietnam War draft evaders and relinquished control of the Panama Canal. He normalized relations with China. “I am not nominating Jimmy Carter for a place on Mount Rushmore,” Stuart Eizenstat, Carter’s domestic policy director, wrote in a 2018 book. “He was not a great president” but also not the “hapless and weak” caricature voters rejected in 1980, Eizenstat said. Rather, Carter was “good and productive” and “delivered results, many of which were realized only after he left office.” Madeleine Albright, a national security staffer for Carter and Clinton’s secretary of state, wrote in Eizenstat’s forward that Carter was “consequential and successful” and expressed hope that “perceptions will continue to evolve” about his presidency. “Our country was lucky to have him as our leader,” said Albright, who died in 2022. Jonathan Alter, who penned a comprehensive Carter biography published in 2020, said in an interview that Carter should be remembered for “an epic American life” spanning from a humble start in a home with no electricity or indoor plumbing through decades on the world stage across two centuries. “He will likely go down as one of the most misunderstood and underestimated figures in American history,” Alter told The Associated Press. FILE - President Jimmy Carter and first lady Rosalynn Carter are pictured with their daughter Amy at the first of seven inaugural balls in Washington, Jan. 20, 1977, at the Pension Building. A small-town start James Earl Carter Jr. was born Oct. 1, 1924, in Plains and spent his early years in nearby Archery. His family was a minority in the mostly Black community, decades before the civil rights movement played out at the dawn of Carter’s political career. Carter, who campaigned as a moderate on race relations but governed more progressively, talked often of the influence of his Black caregivers and playmates but also noted his advantages: His land-owning father sat atop Archery’s tenant-farming system and owned a main street grocery. His mother, Lillian , would become a staple of his political campaigns. Seeking to broaden his world beyond Plains and its population of fewer than 1,000 — then and now — Carter won an appointment to the U.S. Naval Academy, graduating in 1946. That same year he married Rosalynn Smith, another Plains native, a decision he considered more important than any he made as head of state. She shared his desire to see the world, sacrificing college to support his Navy career. Carter climbed in rank to lieutenant, but then his father was diagnosed with cancer, so the submarine officer set aside his ambitions of admiralty and moved the family back to Plains. His decision angered Rosalynn, even as she dived into the peanut business alongside her husband. Carter again failed to talk with his wife before his first run for office — he later called it “inconceivable” not to have consulted her on such major life decisions — but this time, she was on board. “My wife is much more political,” Carter told the AP in 2021. He won a state Senate seat in 1962 but wasn’t long for the General Assembly and its back-slapping, deal-cutting ways. He ran for governor in 1966 — losing to arch-segregationist Lester Maddox — and then immediately focused on the next campaign. Carter had spoken out against church segregation as a Baptist deacon and opposed racist “Dixiecrats” as a state senator. Yet as a local school board leader in the 1950s he had not pushed to end school segregation even after the Supreme Court's Brown v. Board of Education decision, despite his private support for integration. And in 1970, Carter ran for governor again as the more conservative Democrat against Carl Sanders, a wealthy businessman Carter mocked as “Cufflinks Carl.” Sanders never forgave him for anonymous, race-baiting flyers, which Carter disavowed. Ultimately, Carter won his races by attracting both Black voters and culturally conservative whites. Once in office, he was more direct. “I say to you quite frankly that the time for racial discrimination is over,” he declared in his 1971 inaugural address, setting a new standard for Southern governors that landed him on the cover of Time magazine. FILE - President Jimmy Carter leans across the roof of his car to shake hands along the parade route through Bardstown, Ky., July 31, 1979. The president climbed on top of the car as the parade moved toward the high school gym, where a town meeting was held. 'Jimmy Who?' His statehouse initiatives included environmental protection, boosting rural education and overhauling antiquated executive branch structures. He proclaimed Martin Luther King Jr. Day in the slain civil rights leader’s home state. And he decided, as he received presidential candidates in 1972, that they were no more talented than he was. In 1974, he ran Democrats’ national campaign arm. Then he declared his own candidacy for 1976. An Atlanta newspaper responded with the headline: “Jimmy Who?” The Carters and a “Peanut Brigade” of family members and Georgia supporters camped out in Iowa and New Hampshire, establishing both states as presidential proving grounds. His first Senate endorsement: a young first-termer from Delaware named Joe Biden. Yet it was Carter’s ability to navigate America’s complex racial and rural politics that cemented the nomination. He swept the Deep South that November, the last Democrat to do so, as many white Southerners shifted to Republicans in response to civil rights initiatives. A self-declared “born-again Christian,” Carter drew snickers by referring to Scripture in a Playboy magazine interview, saying he “had looked on many women with lust. I’ve committed adultery in my heart many times.” The remarks gave Ford a new foothold and television comedians pounced — including NBC’s new “Saturday Night Live” show. But voters weary of cynicism in politics found it endearing. Carter chose Minnesota Sen. Walter “Fritz” Mondale as his running mate on a “Grits and Fritz” ticket. In office, he elevated the vice presidency and the first lady’s office. Mondale’s governing partnership was a model for influential successors Al Gore, Dick Cheney and Biden. Rosalynn Carter was one of the most involved presidential spouses in history, welcomed into Cabinet meetings and huddles with lawmakers and top aides. The Carters presided with uncommon informality: He used his nickname “Jimmy” even when taking the oath of office, carried his own luggage and tried to silence the Marine Band’s “Hail to the Chief.” They bought their clothes off the rack. Carter wore a cardigan for a White House address, urging Americans to conserve energy by turning down their thermostats. Amy, the youngest of four children, attended District of Columbia public school. Washington’s social and media elite scorned their style. But the larger concern was that “he hated politics,” according to Eizenstat, leaving him nowhere to turn politically once economic turmoil and foreign policy challenges took their toll. FILE - Former President Jimmy Carter uses a hand saw to even an edge as he works on a Habitat for Humanity home in Pikeville, Ky., June 16, 1997. Accomplishments, and ‘malaise’ Carter partially deregulated the airline, railroad and trucking industries and established the departments of Education and Energy, and the Federal Emergency Management Agency. He designated millions of acres of Alaska as national parks or wildlife refuges. He appointed a then-record number of women and nonwhite people to federal posts. He never had a Supreme Court nomination, but he elevated civil rights attorney Ruth Bader Ginsburg to the nation’s second highest court, positioning her for a promotion in 1993. He appointed Paul Volker, the Federal Reserve chairman whose policies would help the economy boom in the 1980s — after Carter left office. He built on Nixon’s opening with China, and though he tolerated autocrats in Asia, pushed Latin America from dictatorships to democracy. But he couldn’t immediately tame inflation or the related energy crisis. And then came Iran. After he admitted the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979 by followers of the Ayatollah Ruhollah Khomeini. Negotiations to free the hostages broke down repeatedly ahead of the failed rescue attempt. The same year, Carter signed SALT II, the new strategic arms treaty with Leonid Brezhnev of the Soviet Union, only to pull it back, impose trade sanctions and order a U.S. boycott of the Moscow Olympics after the Soviets invaded Afghanistan. Hoping to instill optimism, he delivered what the media dubbed his “malaise” speech, although he didn’t use that word. He declared the nation was suffering “a crisis of confidence.” By then, many Americans had lost confidence in the president, not themselves. Carter campaigned sparingly for reelection because of the hostage crisis, instead sending Rosalynn as Sen. Edward M. Kennedy challenged him for the Democratic nomination. Carter famously said he’d “kick his ass,” but was hobbled by Kennedy as Reagan rallied a broad coalition with “make America great again” appeals and asking voters whether they were “better off than you were four years ago.” Reagan further capitalized on Carter’s lecturing tone, eviscerating him in their lone fall debate with the quip: “There you go again.” Carter lost all but six states and Republicans rolled to a new Senate majority. Carter successfully negotiated the hostages’ freedom after the election, but in one final, bitter turn of events, Tehran waited until hours after Carter left office to let them walk free. FILE - President-elect Jimmy Carter waves to the crowd as he and his wife Rosalynn arrive at the Plains Baptist Church to attend services in Plains, Ga., Nov. 22, 1976. 'A wonderful life' At 56, Carter returned to Georgia with “no idea what I would do with the rest of my life.” Four decades after launching The Carter Center, he still talked of unfinished business. “I thought when we got into politics we would have resolved everything,” Carter told the AP in 2021. “But it’s turned out to be much more long-lasting and insidious than I had thought it was. I think in general, the world itself is much more divided than in previous years.” Still, he affirmed what he said when he underwent treatment for a cancer diagnosis in his 10th decade of life. “I’m perfectly at ease with whatever comes,” he said in 2015 . “I’ve had a wonderful life. I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” Former Associated Press journalist Alex Sanz contributed to this report. Photos: Former President Jimmy Carter through the years Jimmy Carter is shown at age 6, with his sister, Gloria, 4, in 1931 in Plains, Georgia. (AP Photo) This is a 1932 photo of Jimmy Carter at age 7 in Plains, Ga. (AP Photo) Lt. Jimmy Carter peers at instruments on submarine USS K-1 in a 1952 photo. Directly in front of Carter, smoking a cigar, is Don Dickson. He had forgotten he ever served with Carter until he came upon the photo during Christmas, 1977. A friend got it to the White House where Carter wrote: "To my friend Donald Dickson - Jimmy Carter, USS K-1 to White House." (AP Photo) FILE - In this Sept. 15, 1966 file photo, then Georgia State Sen. Jimmy Carter hugs his wife, Rosalynn, at his Atlanta campaign headquarters. Jimmy Carter, winner in Georgia's runoff primary in the Democratic Party to determine the party's candidate for the November election for governor, 1970. (AP Photo) Former State Sen. Jimmy Carter listens to applause at the Capitol in Atlanta on April 3, 1970, after announcing his candidacy or governor. In background, his wife Rosalyn holds two-year-old daughter Amy who joined in the applause. Carter, 45, of Plains, Ga., finished third in the 1966 Democratic Primary behind Gov. Lester Maddox and Ellis Arnall. (AP Photo/Charles Kelly) Democratic gubernatorial nominee Jimmy Carter and his wife Rosalynn clutch the microphones as he claims victory in a runoff election at campaign headquarters in Atlanta, Georgia, September 24, 1970. Carter beat former Georgia Governor Carl Sanders for the nomination and will face Republican candidate Hal Suit, veteran television newsman, in the general election Nov. 3, 1970. (AP Photo/Charles Kelly) Former state Sen. Jimmy Carter breaks into a broad smile after early returns gave him a lead of almost 2-1 in the Democratic runoff against former Gov. Carl Sanders, Sept. 23, 1970, in Atlanta, Ga. The winner will meet the Republic Hal Suit for the governorship of Georgia on the Nov. 3 general election. (AP Photo/Charles Kelly) Governor-elect Jimmy Carter and his daughter Amy, 3, walk about the grounds by the fountain at the Governor's Mansion in Atlanta, Ga., Jan. 10, 1971, as they get to know the place where they will live for the next four years. Carter will be sworn in as governor of Georgia Tuesday. (AP Photo) Judge Robert H. Jordan administers the oath of office to Gov. Jimmy Carter during ceremonies at the state capitol in Atlanta. Ga., Jan. 12, 1971. Next to the judge is former Gov. Lester Maddox, who will take over as lieutenant governer of Georgia. (AP Photo) Jimmy Carter of Georgia, seen here Feb. 6, 1971, already described as a symbol of a new breed of moderate southern politician, says that the race question has ceased to be a major issue "between or among candidates" running for office in the old confederacy. (AP Photo) Jimmy Carter, Governor of Georgia, is shown at his desk in Atlanta, on February 19, 1971. (AP Photo) Georgia's Gov. Jimmy Carter reaches for pen February 25, 1972 to sign a Georgia Senate House resolution opposing forced busing to achieve integration in the classrooms of the United States. Georgia Gov. Jimmy Carter joins a half-dozen Rockettes in a high kick, September 21, 1973, at Radio City Music Hall in New York, while visiting backstage before an afternoon performance. Carter is in New York to induce the film industry to make pictures in his state. (AP Photo/stf) Georgia Gov. Jimmy Carter, right, and Delaware Gov. Sherman Tribbitt say hello to Atlanta Braves Hank Aaron, left, following a rain canceled game with the Los Angeles Dodgers, Thursday, Sept. 27, 1973, Atlanta, Ga. The cancellation slowed Aaron’s opportunity to tie or break Babe Ruth’s home run record. (AP Photo) Georgia Gov. Jimmy Carter spoke to 18,000 messengers to the Southern Baptist Convention on Thursday, June 13, 1974 in Dallas, Texas. He urged Baptists to use their personal and political influence to return the nation to ideals of stronger commitment and higher ethics. He said "there is no natural division between a man's Christian life and his political life." (AP Photo/Greg Smith) Georgia Gov. Jimmy Carter tells a gathering, Saturday, Oct. 5, 1974 at the National Press Club in Washington about his ideas concerning energy conservation. (AP Photo) In this Thursday, Aug. 14, 1975 file photo, former Georgia Gov. Jimmy Carter announces in Washington that he qualified for federal matching funds to help finance his campaign for the 1976 Democratic presidential nomination. Former Georgia Gov. Jimmy Carter, right, drew about 5,000 people to Youngstown's Federal Plaza in Youngstown, Ohio, in his quest for support in Tuesday's Ohio Democratic primary, June 7, 1976. The presidential hopeful waded into the crowd, shaking hands and signing autographs. Carter, speaking to the largest crowd to assemble during his Ohio campaign, said 1976 would be a Democratic year because of the Watergate aftermath and other national ills. (AP Photo) In this Monday, Aug. 23, 1976 file photo, Democratic presidential candidate Jimmy Carter gives an informal press conference in Los Angeles during a campaign tour through the West and Midwest. On Wednesday, Aug. 12, 2015. (AP Photo) Democratic Presidential nominee Jimmy Carter, left, eats some freshly roasted barbecue chicken with his brother Billy Carter at Billy's gas station, Sept 11, 1976, Plains, Ga. The nominee had returned the night before from a week of campaigning, and planned to hold an impromptu press conference at the gas station. (AP Photo/Jeff Taylor) Democratic presidential nominee, Jimmy Carter, is all smiles as he talks with his brother Billy at the Carter Family Peanut warehouse, September 18, 1976. (AP Photo) Jimmy Carter stands in a large mound of peanuts at the Carter Peanut Warehouse in Plains, Ga., September 22, 1976. The Democratic party presidential nominee took an early morning walk through the warehouse to inspect some of the harvest. (AP Photo) FILE - In this Oct. 6, 1976 file photo with his wife Rosalynn Carter looking on at center, Democratic presidential candidate Jimmy Carter, center left, shakes hands with President Gerald Ford at the conclusion of their debate at the Palace of Fine Arts Theater in San Francisco, Calif. (AP Photo, File) Jimmy Carter, Democratic candidate for president, is joined by his daughter, Amy, as he waves from the rostrum at Fort Worth Convention Center, Texas, Sunday, Nov. 1, 1976. Carter and his family have been campaigning Texas, making a last minute bid for the state's 26 electoral votes. The others are not identified. (AP Photo) U.S. President-elect Jimmy Carter waves to supporters as he is surrounded by family members at a hotel in Atlanta, Ga., on Nov. 3, 1976. Carter won the presidential election by 297 electoral votes to 241 for Ford. Standing next to him is his wife, Rosalynn, and their daughter Amy Lynn, far right. The others are unidentified. (AP Photo) President-elect Jimmy Carter and his wife Rosalynn wipe tears from their eyes after returning to their home town in Plains, Ga., Nov. 3, 1976. The Carter family was greeted by local residents after returning from Atlanta. (AP Photo) President-elect Jimmy Carter leans over to shake hands with some of the people riding the "Peanut Special" to Washington D.C., Jan. 19, 1977. They will travel all night, arriving in Washington in time for Carter's inauguration as President tomorrow. (AP Photo) Jimmy Carter takes the oath of office as the nation's 39th president during inauguration ceremonies in Washington, D.C., on Jan. 20, 1977. Carter's wife, Rosalynn, holds the Bible used in the first inauguration by George Washington as U.S. Chief Justice Warren Burger administers the oath. Looking on at left are, Happy Rockefeller, Betty Ford, Joan Mondale, Amy Carter, and outgoing President Gerald Ford. Behind Carter is Vice President Walter Mondale. At far right is former Vice President Nelson Rockefeller. (AP Photo) Rosalynn Carter, left, looks up at her husband Jimmy Carter as he takes the oath of office as the 39th President of the United States at the Capitol, Thursday, Jan. 20, 1977, Washington, D.C. Mrs. Carter held a family Bible for her husband. (AP Photo) Jimmy Carter and first lady Rosalynn Carter walk down Pennsylvania Avenue after Carter was sworn in as the nations 39th President, Jan. 20, 1977, Washington, D.C. (AP Photo) FILE - In this Thursday, Jan. 20, 1977 file photo, President Jimmy Carter waves to the crowd while walking with his wife, Rosalynn, and their daughter, Amy, along Pennsylvania Avenue from the Capitol to the White House following his inauguration in Washington. (AP Photo/Suzanne Vlamis) In this Jan. 24, 1977 file photo, President Jimmy Carter is interviewed in the Oval Office of the White House in Washington. In this file photo dated May 1977, U.S. President Jimmy Carter, right, and Britain's Queen Elizabeth II with French President Valery Giscard d'Estaing, at Buckingham Palace in London. In this Feb. 20, 1978, file photo, President Jimmy Carter listens to Sen. Joseph R. Biden, D-Del., as they wait to speak at fund raising reception at Padua Academy in Wilmington, Del. (AP Photo/Barry Thumma, File) President Jimmy Carter tucks his thumbs into his jeans and laughs as he prepares to head down the Salmon River in Idaho August 1978 for a three day rubber raft float. (AP Photo) United States President Jimmy Carter, on a visit to West Germany in 1978, rides with Chancellor Helmut Schmidt during a review of United States Forces at a base near Frankfurt. (AP Photo) Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin clasp hands on the north lawn of the White House after signing the peace treaty between Egypt and Israel on March 26, 1979. (AP Photo/ Bob Daugherty) President Jimmy Carter, left, and Soviet President Leonid Brezhnev, right, sign the documents of the SALT II Treaty in the Vienna Imperial Hofburg Palace, Monday, June 18, 1979, Vienna, Austria. President Jimmy Carter leans across the roof of his car to shake hands along the parade route through Bardstown, Ky., Tuesday afternoon, July 31, 1979. The president climbed on top of the car as the parade moved toward the high school gym, where a town meeting was held. (AP Photo/Bob Daugherty) In this April 25, 1980 file photo, President Jimmy Carter prepares to make a national television address from the Oval Office at the White House in Washington, on the failed mission to rescue the Iran hostages. President Jimmy Carter applauds as Sen. Edward Kennedy waves to cheering crowds of the Democratic National Convention in New York's Madison Square Garden, Aug. 14, 1980. (AP Photo/Bob Daugherty) President Jimmy Carter raises a clenched fist during his address to the Democratic Convention, August 15, 1980, in New York's Madison Square Garden where he accepted his party's nomination to face Republican Ronald Reagan in the general election. (AP Photo/stf) Massachusetts Senator Edward M. Kennedy greets President Jimmy Carter after he landed at Boston's Logan Airport, Aug. 21, 1980. President Carter is in Boston to address the American Legion Convention being held in Boston. (AP Photo) President Jimmy Carter, left, and Gov. Bill Clinton of Arkansas enjoy a chuckle during a rally for Carter in Texarkana, Texas, Oct. 22, 1980. Texarkana was the last stop for Carter on a three-city one-day campaign swing through Texas. (AP Photo/John Duricka) In this Oct. 28, 1980 file photo, President Jimmy Carter shakes hands with Republican Presidential candidate Ronald Reagan after debating in the Cleveland Music Hall in Cleveland. (AP Photo/Madeline Drexler, File) Former US President Jimmy Carter, who had negotiated for the hostages release right up to the last hours of his Presidency, lifts his arm to the crowd, while putting his other hand around the shoulders of a former hostage in Iran, believed to be Bruce Laingen, at US AIR Force Hospital in Wiesbaden, Germany, Wednesday, January 21, 1981. Former Pres. Jimmy Carter, center, is joined by his wife Rosalynn and his brother Billy Carter during session of the Democratic National Convention, Tuesday, July 19, 1988, Atlanta, Ga. Billy had been recently diagnosed with cancer. (AP Photo/Bob Daugherty) Former U.S. President Jimmy Carter speaks to newsmen as PLO Chairman Yasser Arafat, right, looks on after the two men met in Paris Wednesday, April 4, 1990. Carter said he felt some leaders did not represent the region's yearning for peace. (AP Photo/Pierre Gieizes) Former U.S. President Jimmy Carter, center, introduces his wife Rosalynn, right, to Chinese Communist Party General Secretary Jiang Zemin, April 14, 1991 in Beijing. (AP Photo/Mark Avery) Former President Jimmy Carter gestures at a United Nations news conference in New York, April 23, 1993 about the world conference on Human Rights to be held by the United Nations in Vienna June 14-25. (AP Photo/Richard Drew) Former Presidents George Bush, left, and Jimmy Carter, right, stand with President Clinton and wave to volunteers during a kick-off rally for the President's Volunteer Summit at Marcus Foster Stadium in Philladelphia, PA., Sunday morning April 27, 1997. (AP Photo/Stephan Savoia) President Bill Clinton presents former President Jimmy Carter, right, with the Presidential Medal of Freedom, the nation's highest civilian honor, during a ceremony at the Carter Center in Atlanta Monday, Aug. 9, 1999. (AP Photo/John Bazemore) Former U.S. President Jimmy Carter adjusts his glasses during a press conference in Managua, Nicaragua, Thursday, July 6, 2006. The former president and 2002 Nobel Peace Prize winner is heading a delegation from the democracy-promoting Carter Center, based at Emory University in Atlanta, Georgia, to observe preparations for Nicaragua's Nov. 5 presidential election. (AP Photo/Esteban Felix) In this Friday, Dec. 8, 2006 file photo, former President Jimmy Carter signs copies of his book "Palestine: Peace Not Apartheid" at the Carter Center in Atlanta, Ga. (AP Photo/Ric Feld) Former President George H.W. Bush, left, watches as Jimmy Carter and Bill Clinton chat during a dedication ceremony for the Billy Graham Library in Charlotte, N.C., Thursday, May 31, 2007. (AP Photo/Gerry Broome) Former President Jimmy Carter poses for a portrait during the Toronto International Film Festival in Toronto, Monday, Sept. 10, 2007. (AP Photo/Carolyn Kaster) Former President Jimmy Carter poses on the red carpet for the documentary film, "Jimmy Carter: Man From Plains" during the Toronto International Film Festival in Toronto, Monday, Sept. 10, 2007. (AP Photo/Carolyn Kaster) Former President Jimmy Carter, right, and his wife Rosalynn wave to the audience at the Democratic National Convention in Denver, Monday, Aug. 25, 2008. (AP Photo/Jae C. Hong) Former President Jimmy Carter, right, and former first lady Rosalynn Carter are seen on stage at the Democratic National Convention in Denver, Monday, Aug. 25, 2008. (AP Photo/Paul Sancya) Former President Jimmy Carter waves to the crowd as he goes on stage at the Democratic National Convention in Denver, Monday, Aug. 25, 2008.(AP Photo/Paul Sancya) Former President Jimmy Carter, right, is seen with Democratic vice presidential candidate Sen. Joe Biden, D-Del., at the Democratic National Convention in Denver, Tuesday, Aug. 26, 2008. (AP Photo/Paul Sancya) President-elect Barack Obama is welcomed by President George W. Bush for a meeting at the White House in Washington, Wednesday, Jan. 7, 2009, with former presidents, from left, George H.W. Bush, Bill Clinton and Jimmy Carter. (AP Photo/J. Scott Applewhite) In this photo taken Saturday, May 29, 2010, former South Africa president Nelson Mandela, right, reacts with former US president Jimmy Carter, during a reunion with The Elders, three years after he launched the group, in Johannesburg, South Africa. (AP Photo/Jeff Moore, Pool) Former US President Jimmy Carter, center, one of the delegates of the Elders group of retired prominent world figures, holds a Palestinian child during a visit to the east Jerusalem neighborhood of Silwan, Thursday, Oct. 21, 2010. (AP Photo/Menahem Kahana, Pool) Former President Jimmy Carter, 86, leads Habitat for Humanity volunteers to help build and repair houses in Washington's Ivy City neighborhood, Monday, Oct. 4, 2010. (AP Photo/J. Scott Applewhite) FILE - In this Friday, Oct. 22, 2010 file photo, former president of Ireland, Mary Robinson, background right, looks at former U.S. president, Jimmy Carter, center, while visiting a weekly protest in the east Jerusalem neighborhood of Sheikh Jarrah. The protest was organized by groups supporting Palestinians evicted from their homes in east Jerusalem by Israeli authorities. (AP Photo/Bernat Armangue) Former U.S. President Jimmy Carter, his wife, Rosalynn, and former UN Secretary General Kofi Annan conclude a visit to a polling center the southern capital of Juba Sunday, Jan. 9, 2011. (AP Photo/Pete Muller) Former President Jimmy Carter signs his name in the guest book at the Jewish Community center in Havana, Cuba, Monday March 28, 2011. Carter arrived in Cuba to discuss economic policies and ways to improve Washington-Havana relations, which are even more tense than usual over the imprisonment of Alan Gross, a U.S. contractor, on the island. C (AP Photo/Adalberto Roque, Pool) Former U.S. President Jimmy Carter pauses during an interview as he and his wife Rosalynn visit a Habitat for Humanity project in Leogane, Haiti, Monday Nov. 7, 2011. The Carters joined volunteers from around the world to build 100 homes in partnership with earthquake-affected families in Haiti during a week-long Habitat for Humanity housing project. (AP Photo/Ramon Espinosa) Former U.S. President Jimmy Carter, sits prior to a meeting with Israel's President Shimon Peres at the President's residence in Jerusalem, Sunday, Oct. 21, 2012. Peres met two of 'The Elders', a group composed of eminent global leaders brought together by Nelson Mandela. (AP Photo/Sebastian Scheiner) Former U.S. President Jimmy Carter watches baseball players work out before Game 2 of the National League Division Series between the Atlanta Braves and the Los Angeles Dodgers, Friday, Oct. 4, 2013, in Atlanta. (AP Photo/Dave Martin) Former President Jimmy Carter speaks during a forum at the John F. Kennedy Presidential Library and Museum in Boston, Thursday, Nov. 20, 2014. Among other topics, Carter discussed his new book, "A Call to Action: Women, Religion, Violence, and Power." (AP Photo/Elise Amendola) President Jimmy Carter, left, and Rosalynn Carter arrive at the 2015 MusiCares Person of the Year event at the Los Angeles Convention Center on Friday, Feb. 6, 2015 in Los Angeles. (Photo by Richard Shotwell/Invision/AP) In this July 10, 2015, file photo, former President Jimmy Carter is seen in Philadelphia. (AP Photo/Matt Rourke, File) In a Sunday, Aug. 23, 2015 file photo, former President Jimmy Carter teaches Sunday School class at Maranatha Baptist Church in his hometown, in Plains, Ga. (AP Photo/David Goldman, File) Former President Jimmy Carter answers questions during a news conference at a Habitat for Humanity building site Monday, Nov. 2, 2015, in Memphis, Tenn. Carter and his wife, Rosalynn, have volunteered a week of their time annually to Habitat for Humanity since 1984, events dubbed "Carter work projects" that draw thousands of volunteers and take months of planning. (AP Photo/Mark Humphrey) Former President Bill Clinton, left, and former president Jimmy Carter shake hands after speaking at a Clinton Global Initiative meeting Tuesday, June 14, 2016, in Atlanta. (AP Photo/John Bazemore) Former U.S. President Jimmy Carter holds a morning devotion in Memphis, Tenn., on Monday, Aug. 22, 2016, before he and his wife Rosalynn help build a home for Habitat for Humanity. (AP Photo/Alex Sanz) Former president Jimmy Carter and Rosalynn Carter arrive during the 58th Presidential Inauguration at the U.S. Capitol in Washington, Friday, Jan. 20, 2017. (AP Photo/Andrew Harnik) In this Feb. 8, 2017, file photo, former President Jimmy Carter speaks during a ribbon cutting ceremony for a solar panel project on farmland he owns in his hometown of Plains, Ga. (AP Photo/David Goldman, File) Former President George W. Bush, center, speaks as fellow former Presidents from right, Barack Obama, Bill Clinton, George H.W. Bush and Jimmy Carter look on during a hurricanes relief concert in College Station, Texas, Saturday, Oct. 21, 2017. All five living former U.S. presidents joined to support a Texas concert raising money for relief efforts from Hurricane Harvey, Irma and Maria's devastation in Texas, Florida, Puerto Rico and the U.S. Virgin Islands. (AP Photo/LM Otero) Former President Jimmy Carter, 93, sits for an interview about his new book "Faith: A Journey For All" which will debut at no. 7 on the New York Times best sellers list, pictured before a book signing Wednesday, April 11, 2018, in Atlanta. (AP Photo/John Amis) Former President Jimmy Carter speaks as Democratic gubernatorial candidate Stacey Abrams listens during a news conference to announce Abrams' rural health care plan Tuesday, Sept. 18, 2018, in Plains, Ga. (AP Photo/John Bazemore) Former President Jimmy Carter and Rosalynn Carter are seen ahead of an NFL football game between the Atlanta Falcons and the Cincinnati Bengals, Sunday, Sept. 30, 2018, in Atlanta. (AP Photo/John Bazemore) Former President Jimmy Carter takes questions submitted by students during an annual Carter Town Hall held at Emory University Wednesday, Sept. 18, 2019, in Atlanta. (AP Photo/John Amis) Democratic presidential candidate former South Bend, Ind., Mayor Pete Buttigieg, left, meets with former President Jimmy Carter, center, at Buffalo Cafe in Plains, Ga., Sunday, March 1, 2020. (AP Photo/Matt Rourke) Former President Jimmy Carter reacts as his wife Rosalynn Carter speaks during a reception to celebrate their 75th wedding anniversary on July 10, 2021, in Plains, Ga. FILE - Former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church, in Plains, Ga., Nov. 3, 2019. Well-wishes and fond remembrances for the former president continued to roll in Sunday, Feb. 19, 2023, a day after he entered hospice care at his home in Georgia. (AP Photo/John Amis, File) Former President Jimmy Carter, arrives to attend a tribute service for his wife and former first lady Rosalynn Carter, at Glenn Memorial Church, Tuesday, Nov. 28, 2023, in Atlanta. (AP Photo/Andrew Harnik) Former President Jimmy Carter arrives for the funeral service for his wife, former first lady Rosalynn Carter at Maranatha Baptist Church, Wednesday, Nov. 29, 2023, in Plains, Ga. The former first lady died on Nov. 19. She was 96. (AP Photo/John Bazemore) A sign wishing former President Jimmy Carter a happy 100th birthday sits on the North Lawn of the White House in Washington, Tuesday, Oct. 1, 2024. (AP Photo/Susan Walsh) In this Nov. 3, 2019, file photo, former President Jimmy Carter teaches Sunday school at Maranatha Baptist Church in Plains, Ga. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter.
Sri Lanka Under 19 Vice Captain Sharujan Shanmuganathan showed his potential during the under 19 Asia Cup in UAE .Sri Lanka couldn’t reach the final but Shanmuganathan the 18 year old left hander shone in this tournament as a batsman and talented wicket keeper with his superb display throughout the tournament. “Look at that a great cover drive , little Kumar Sangakkara” These are the words that came out of the mouth of veteran cricket commentator late Tony Greig during the Test match between Sri Lanka and Australia 13 years ago. Tony Greig said this about a five -year-old player who was playing with a small bat near the SSC Scoreboard . While the little boy was playing cricket with a group of other children of his age at the far end of the stadium near the scoreboard, Kumar Sangakkara, one of the greatest batsmen of Sri Lanka, was hitting the ball in the middle of the field. The story that Tony Greig said then has become a reality today and the attention of the sports world has focused on little Sharujan Shanmuganathan popular known as “Little Sanga “ Born on 25 April 2006 in Colombo, Sharujan Shanmuganathan resides in Modera Colombo. The youngest child in the family, Sharujan is studying at St. Benedict’s College, Kotahena.He was the last year captain of the first eleven cricket team . Sharujan’s father is a photographer by profession, while his mother is a housewife. His father goes to most of the International cricket matches as a professional photographer. Today Sharujan is gaining more attention among cricket fans in this country due to the statement made by Tony Greig about him 13 years ago and the videos posted on social media about his batting skills. Sharujan’s father Nathan said that Tony Greig met his son after the match at the SSC ground that day and spoke to him and that always gave encouragement to my son . I am a professional photographer. My son has been very fond of cricket since he was a child. When he was playing that day, Sangakkara was batting on the ground. The way his son was playing was shown on television. That’s when Tony Greig had said that about his son. After the match, Tony Greig came and spoke to his son. Shurujan always remembered this test match said Nathan the proud father At that time, there was no school for my son to go to. We appeared for interviews at many schools. But we were rejected. Later, Roshan Abeysinghe, a veteran cricket commentator, came forward and spoke to St. Benedict’s School in Kotahena and got my son admitted. Even when my son was going to school, he kept asking for a bat and a ball.Sharujan’s father, Nathan said.Actually my son got good support from his school and old boys to go forward and today Sharu is proud as a Benedictine . Sujeewa Priyadarshana, a cricket coach from Modara and Muthuwella, was his first cricket coach. He went to Sujeewa for cricket training when he was 4 years old. Even today, whenever my son had a problem with techniques, Sujeewa corrects his mistakes.” Nathan said. Sharujan had chance to enter the Nelson Mendis Cricket Academy when renowned coach Nelson Mendis gave guidance to him and Sharujan showed his batting skills My son’s favourite player was Kumar Sangakkara. since he was a child . He met Kumar Sangakkara when he was a child. His role model was Kumar Sangakkara. He also likes Virat Kohli, but even though his son is a left-handed batsman, he does everything else with his right hand. his biggest dream is to play for the Sri Lankan national team someday. As a father, I am happy to see the way my son is playing today,’ Nathan said Sharujan Shanmuganathan was the most successful Sri Lanka under 19 team batsman having scored century against Afghanistan and fifty against Nepal and finally he scored fighting 42 in the semi final against India which Sri Lanka lost by 7 wickets .The young Sharujan said we prepared very well before the Asia cup .Played matches with Senior teams to get exposure and our plan well executed to finish top of the points table with three back to back wins after league round .I had a role of number three batter with wicket keeper .I always wanted to bat maximum overs and build up our innings .Getting century and fifty gave me good confidence but finally we had to exit the tournament after semi final and it was very disappointingPalantir Technologies ( PLTR 6.22% ) has had an incredible run in 2024. The company has become one of the most talked about platforms fueling the artificial intelligence (AI) narrative, shares of the stock have gained more than 300% this year alone, and it's become a member of the S&P 500 index. But with just a few weeks left in the year, Palantir might have one last big milestone achievement up its sleeve. Below, I'm going to explain why Dec. 13 is an important date for Palantir investors. Let's break down what investors should be on the lookout for and assess if the stock is a good buy right now. What is happening on Dec. 13? This year, Dec. 13 falls on a Friday. And while Friday the 13th is usually affiliated with bad luck or superstition, Palantir investors may have some more good news headed their way. Next Friday, the Nasdaq-100 index is going to be reconstituted. This means that a new selection of companies will be added to the coveted index, replacing stocks that have fallen out of eligibility. This is important, because the Nasdaq-100 is generally affiliated growth stocks and lucrative opportunities beyond the S&P 500. Will Palantir join the Nasdaq-100? On Sept. 6, Palantir announced that it had officially earned entry into the S&P 500. Since the date of that announcement, shares of Palantir have soared by 138% as of market close on Dec. 5. A few months later, Palantir announced that it was changing the stock exchange on which it trades -- moving from the New York Stock Exchange (NYSE) to the Nasdaq. PLTR data by YCharts Since joining the Nasdaq on Nov. 26, shares of Palantir have gained about 10% (as of market close Dec. 5). That's a pretty dramatic move in only seven trading days. In the press release regarding this announcement, management expressed that "upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index." While history is no guarantee of future results, the stock's performance following its entry into the S&P 500 and its transition to the Nasdaq serve as a decent proxy for what investors could expect should the company earn a spot on the Nasdaq-100 on Dec. 13. Does joining the Nasdaq-100 make Palantir stock a buy? I think there is a good chance Palantir will be added to the Nasdaq-100 next week and, should that occur, I'd be shocked if the stock doesn't move even higher. But while becoming a member of the Nasdaq-100 is a respectable milestone, such an achievement alone does not make Palantir stock a buy. Instead, investors should look at a combination of the company's growth outlook, Wall Street's take on the company's trajectory, and valuation. As far as Palantir's outlook and Wall Street's opinion are concerned, the company appears well on its way to continue accelerating its top line while growing margins and minting higher profits over the next several years. The primary catalyst fueling this growth is Palantir's Artificial Intelligence Platform (AIP), which has become a game-changing product development for the company over the last couple of years. As such, some of Wall Street's most respected analysts including Dan Ives of Wedbush Securities and Mariana Pérez Mora of Bank of America remain bullish on the stock. The only real concern I have surrounding an investment in Palantir at its current price comes down to valuation. To put it bluntly, a price-to-sales (P/S) multiple of 63.5 and a forward price-to-earnings (P/E) ratio of 149 are not even close to reasonable. In my eyes, the stock has run up so much that it's due for a pullback sooner rather than later. But with that said, I see any potential sell-off as one that will be short-lived, as it will probably be driven by investors taking profits as opposed to panic-induced selling should Palantir face some sort of crisis -- which, as of now, doesn't look likely. While the prospects of inclusion on the Nasdaq-100 is exciting, it's really just another potential milestone in what I see as a long line of more accomplishments to be achieved for Palantir over many years. All told, I'd encourage investors to monitor Palantir and look to use a strategy leveraging dollar-cost averaging over a long-term horizon.Intellia Therapeutics, Inc. (NASDAQ:NTLA) Shares Bought by Fmr LLC
From Juliana Taiwo-Obalonye, Abuja In response to former governor of Rivers State, Peter Odili, the minister of the Federal Capital Territory (FCT), Nyesom Wike, said that “an elder statesman should not be a trader and a sycophant all the time.” According Senior Special Assistant to the FCT Minister on Public Communications and New Media, Lere Olayinka, Wike, who was speaking at the Special Thanksgiving Service organized by Speaker of the Rivers State House of Assembly, Martin Chike Amaewhule, at the Church of Nigeria (Anglican Communion), Oro-Igwe/Eliogbolo Archdeaconry Church of the Holy Spirit, Eliozu Parish, Port Harcourt on Sunday, said it was unfortunate that somebody who is supposed to be seen as an elder statesman and called a father can reduce himself to a sycophant and a trader. He asked: “Must you be a trader all the time? As governor for eight years, what else are you looking for?” The Minister said: “You know, I didn’t want to say anything. But somebody called me last night, and told me what someone said in the social media. I said until I read it myself. This morning, I read in the newspapers, what our former Governor, Sir Dr Peter Odili said. “What did he say? He said that the present governor has been able to stop one man who wanted to convert Rivers State to his personal estate. “Between him and myself, who has turned Rivers State to his personal estate? His wife is a Chairman of Governing Council, his daughter is a commissioner, his other daughter is a judge and he is the general overseer. Who has now turned Rivers State to his private estate? I am sure if care is not taken, if there is a chance, he can even arrange a marriage for the governor. “It was his nephew, his late senior brother’s son that was recommended for commissioner. He took the slot and gave it to his own daughter. Someone who didn’t remember to stand for the son of his late elder brother, is that an elder statesman?” Wike added said it was painful that Dr Odili, out of political sycophancy, has forgotten all that he said in the past, adding that; “All of you here remember when I was governor, this same Odili praised me to high heaven. In fact, he said then that all past governors in Rivers State combined did not do better than me. “In 2007 after he left office, he couldn’t come near power in the State because Amaechi was the governor then. He was gone! “Like somebody said that God will use someone to lift up someone. When I came in as governor in 2015, I won’t use the word resurrected, but I brought him back to life. “All of us know about PAMO University. But for us, there wouldn’t have been anything called PAMO University. Rivers State was sponsoring 100 students per session and for every semester, each of the students was paying nothing less than N5m. Then, Rivers people were attacking me up and down. “I personally called Julius Berger to build a mansion for him to live. He was calling everyone to the house then, telling them, come and see what Wike has done for me. Wike has shown me love. He was taking them round the house. “Now, because you have organized a Christmas Carol for the governor, I didn’t say you should not do your Christmas Carol. But why reduce yourself to such a laughing stock. People will still see it on television how he was telling the whole world then how God used me to bring him back to life politically. “Why not do your Christmas Carol, collect what you can collect and leave me alone? “The governor that all of us made has not spent one year in office and the same Odili was already saying that the governor has beaten the records of all the past governors of Rivers State. “When I was there, he said I had surpassed the records of all the past governors, including himself. What can he even show that he did in his eight years as governor? But a governor has not spent one year, you are saying he has done more than all the past governors. “You spent eight years as governor and someone who hasn’t spent one year has surpassed your records, what manner of elder talk like that? Is that what an elder statesman should be known for? “When I was governor, my pictures were everywhere in his house. Sitting room, bedroom, kitchen, even in the toilet, my picture was everywhere. But today, all the pictures have been removed.” Asking what can be learned from such a sycophantic elder statesman, Wike said; “What can I learn from this kind of elder? What kind of advice can one get from him. This moment you are saying something, the next moment you are saying something else. “You see, if your children begin to ask you, is this not the same man you were praising before? What would you tell them?” On the State governorship issue, the Minister asked; “When I was plotting who will be governor after me, was he (Odili) there? Then, he was complaining about this governor, saying that he couldn’t stand before the public to talk. But today, he is organizing Christmas Carol for the same governor he was against then. “He has forgotten all that he said in the past. I named this after you, I named that after your wife. What have I not done? “You said we should not be part of the government, we have left. We are managing, you have taken assembly money, they are not dying of hunger and they will not die of hunger. We are okay. I’m focusing on my job in Abuja and all these sycophancy won’t take him to the level I have attained. “This is a man who wanted to run for president then, he didn’t have the balls, he chickened out. Simply because Obasanjo said no, he will not contest, he ran away. Because of him, I never invited Obasanjo to Rivers State to commission projects. I felt it will humiliate him.”
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