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Elon Musk says Tesla stockholders approving his $56 billion pay package by “wide margins”

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6/12: CBS Evening News

19:48

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company’s shareholders were voting to approve his multibillion-dollar pay package by “wide margins,” in a post on his social media platform X ahead of the vote’s conclusion.

“Both Tesla shareholder resolutions are currently passing by wide margins!” Musk wrote, referring to resolutions to approve his pay package worth as much as $56 billion and a plan to shift Tesla’s place of incorporation from Delaware to Texas.

Official vote results haven’t been released but Tesla’s annual shareholder meeting is slated for Thursday afternoon.

Tesla has campaigned to persuade shareholders to approve Musk’s giant compensation package.

The company said on an annual meeting website that the “future value we are poised to deliver for you is at risk,” adding, “We need your vote NOW to protect Tesla and your investment.”

Tesla also launched a sweepstakes of sorts in which 15 investors who vote would be randomly picked for a tour of Tesla’s plant in Austin, Texas personally led by Musk and vehicle designer Franz von Holzhausen.

Shareholders overwhelmingly backed the Musk compensation plan in March 2018, but it was struck down by a Delaware judge in January.

This year’s vote was expected to be closer than the 2018 ballot after influential advisory firms Investor Shareholder Services and Glass Lewis came out against the windfall

ISS dismissed the proposal as “excessive” and Glass Lewis wrote in a 71-page report, shared with CBS MoneyWatch, that Tesla shareholders risk stock dilution if Musk is granted the massive stock grant, meaning their shares could be worth less as a result. 

In April, Tesla revived the package, with chair Robyn Denholm imploring investors to “fix this issue” after the Delaware ruling.

He said in a letter to shareholders that the firm had “created more than $735 billion in value” in the previous six years.





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2 Mississippi inmates awaiting murder trials escape from prison

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7/5: CBS Evening News

18:16

Law enforcement officers were searching Friday for two inmates who escaped from a jail in southwestern Mississippi.

The two men are awaiting trial on murder charges in separate counties.

Tyrekennel Collins, 24, and Dezarrious Johnson, 18, broke out of the Claiborne County Detention Center at about 2:20 a.m. Friday, the Claiborne County Sheriff’s Department said in a social media post.

Update: Johnson has a bad limp and an injury to his right leg that occurred during the escape (Pictured on the…

Posted by Claiborne County Sheriff Department on Friday, July 5, 2024

The jail is in Port Gibson, about 60 miles (96.6 kilometers) southwest of Jackson.

Camera footage showed Collins and Johnson escaping through the ceiling and leaving behind an outside wall, Claiborne County Sheriff Edward Goods told WAPT-TV. Johnson injured one of his legs during the escape and was walking with a limp, the sheriff’s department said.

The Mississippi Bureau of Investigation said Collins and Johnson are considered armed and dangerous.

WJTV-TV reported Collins is charged with murder in the October killing of his cousin in Copiah County, which is about 40 miles (64.4 kilometers) west of Claiborne County. Court records on Friday did not show an indictment for Collins.

Johnson is charged with murder and aggravated assault in Jefferson County, which is just south of Claiborne County. Court records show he was indicted in the October 2022 killing of one person and injuries to two others. His trial is set to begin Oct. 15.





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As sunscreen misinformation spreads online, dermatologists face real-life impact of online trends

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With the holiday weekend in full swing, the anti-sunscreen movement’s recent spike is worrying dermatologists.

“It was not like this before,” Dr. Jeanine Downie, a board-certified dermatologist with her own practice in New Jersey told CBS News Confirmed. “I see easily six patients per week that are anti-sunscreen, where it used to be maybe one every other week or one a month. And now it’s just gotten crazy.”

Downie says in the last two weeks she’s diagnosed three squamous cell and two malignant melanomas, both of which can turn cancerous if not caught early. “And that’s me, just one little dermatologist,” she said.

This movement picked up steam in June, with creators on TikTok telling followers in no uncertain terms “stop wearing sunscreen.” At first, the posts received tens of thousands of views and likes. Dermatologists on the platform then began sharing their own reactions, with those videos gaining even more views. And more recently, influencer Nara Smith went viral sharing an at-home sunscreen recipe to her 8 million followers that dermatologists say does little to protect wearers from sun damage.

Dr. Shereene Idriss, a New York dermatologist who has amassed more than a million followers on her social media channels, is trying to leverage that influence to educate users about sunscreen and sun protection.

“It’s becoming more and more difficult, I think, as a consumer, to try to weed through the noise,” Idriss told CBS News Confirmed. 

This misinformation reflects the surprising reality of how some young Americans view sun safety. A study by the Orlando Health Cancer Institute in March found that 1 in 7 adults under the age of 35 say daily sunscreen use is more harmful than direct sun exposure. “I tell my patients, if you want your face to look like a leather bag later, then that’s up to you,” Downie said. About 6.1 million adults are treated each year for basal cell and squamous cell carcinomas according to the CDC. Skin cancer is the most common type of cancer in the country.

“They only want the natural things,” said Downie. “But I tell them all the time, sitting in traffic here in the tri-state area, the level of pollutants in the air on a daily, weekly and monthly basis is significantly more toxic than any chemical they’re going to rub into their skin with sunblock.”

While there’s no evidence that sunscreens are unsafe, the FDA is currently investigating potential concerns. It’s called for more data on 12 ingredients often found in U.S. sunscreen. After conducting its own study into how certain ingredients are absorbed into the bloodstream, the FDA has called for more research into potential health effects on the body.

However, beachgoers on the Jersey Shore this week told CBS News that sun safety is top of mind this summer. CBS News Confirmed looked at Google Search trends and saw terms like “sunscreen” and “what does skin cancer look like” are at an all-time high since tracking began in 2004.

“You know what gets them to start wearing sunblock?” said Downie. “Young kids and young adults, Gen Z, Gen X, they hate pores. And once they hear that they’re going to have big pores that look like potholes, they put that sunblock on.”

The dermatologists CBS Newsspoke with say there is no such thing as a healthy tan. To best protect yourself this summer, they say to use sunscreen and reapply often; wear UPF clothing or UV visors; and avoid being outside during peak UV index between 10 a.m. and 2 p.m.



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