Indonesian leader’s son brushes off ‘nepo baby’ tag in solid debate showing | Elections News

Medan, Indonesia – As the vice presidential candidates took to the stage for Indonesia’s second televised presidential debate on Friday, all eyes were on Gibran Rakabuming Raka – perhaps the most controversial vice presidential candidate in Indonesia’s history.

Batting away charges of inexperience and nepotism, Gibran, the 36-year-old son of current Indonesian president Joko “Jokowi’ Widodo, dominated the stage despite being up against more experienced candidates.

The verdict among observers generally was that Gibran’s performance far exceeded expectations.

“My overall impression was that any doubters who thought Gibran was a clueless lightweight have been proven completely wrong,” Alexander Arifianto, a research fellow at the S Rajaratnam School of International Studies in Singapore (RSIS), told Al Jazeera.

“He was well-prepped for the debate and showed he has an excellent grasp on economic issues. Much better than his two opponents.”

Since he announced his candidacy in October, Gibran has faced a storm of controversy, including accusations of being a “nepo baby” and a continuation of the dynastic politics that have long plagued Indonesia’s politics.

With no political experience apart from a two-year stint as the mayor of the city of Surakarta in Central Java, Gibran has been accused of riding on his father’s coattails – Widodo also served as mayor of Surakarta – and lacking the bona fides of rival candidates Abdul Muhaimin Iskandar, the deputy speaker of parliament, and Mahfud MD, a minister responsible for coordinating political, legal and security affairs.

Gibran’s candidacy was facilitated by a controversial ruling by the Constitutional Court of Indonesia in October that loosened the minimum age requirement for presidential and vice presidential candidates.

While the court upheld the minimum age threshold of 40 in principle, the judges carved out an exception allowing officials who are at least 35 to run if they have been previously elected to office – allowing Gibran to become Defence Minister Prabowo Subianto’s running mate ahead of the February 14 election.

The ruling was particularly contentious as the then-head of the Constitutional Court, Anwar Usman, was Widodo’s brother-in-law.

Usman was removed from his position after the Constitutional Court ethics committee found him at fault for not recusing himself from the decision, although the ruling on the age requirement was allowed to stand.

A ruling by the Constitutional Court of Indonesia in October changed the minimum age requirements to run for president or vice president [File: Beawiharta/Reuters]

With questions swirling about the legitimacy of Gibran’s candidacy and his suitability for office, his debut on the debate stage on Friday evening had been hotly anticipated.

“Straight away: This debate was won by Gibran. So far, expectations for Gibran have been very low. Basically, Gibran has never been tested. In the first presidential debate, he looked like an oddity: a high school student surrounded by seasoned politicians and governors,” Yohanes Sulaiman, a lecturer at Universitas Jenderal Achmad Yani in West Java, told Al Jazeera.

“In this debate, his performance was much better than the two people I had expected to eat him for lunch, namely Mahfud MD and Muhaimin. It was clear that he was prepared, confident, and had mastered the material, perhaps having been thoroughly trained by his debate preparation team.”

The second of five televised debates, and the first to feature the vice presidential candidates, was focused on the economy, including issues such as taxes, trade, management of the state budget, infrastructure and urban planning.

Dandy Rafitrandi, an economist with the think tank the Centre for Strategic and International Studies, said the questions set by a panel of experts were quite specific and required each candidate to understand economic topics.

The candidates’ weak grasp of economics was noticeable at times, Rafitrandi said, including when the questions turned to funding government projects and programmes.

“Gibran explained several programmes, for example, a free lunch programme [for civil servants] worth 400 trillion Indonesian Rupiah [$25.8bn], but did not explain the source of the funding,” Rafitrandi told Al Jazeera.

At another point during the debate, Muhaimin said that he and presidential candidate Anies Baswedan, the former governor of Jakarta, wanted to build 40 new cities across Indonesia to rival Jakarta – without explaining how these would be paid for.

The main flashpoint of the evening came when the candidates sparred over Nusantara, Indonesia’s new capital city, which is currently being built in the jungles of Kalimantan.

The plan, which was spearheaded by Widodo, involves moving Jakarta, which is crowded, choked with smog and sinking due to illegal groundwater extraction, at a projected cost of $1.3bn.

The project has struggled to secure foreign investment, which was envisaged to cover the majority of its hefty price tag, and has only attracted local investors, something which Mahfud questioned Gibran about given his support for the plan.

Gibran replied that Mahfud could “Google” who was investing in the project and attacked Muhaimin for being “inconsistent” after previously backing the scheme.

Nusantara
Groundbreaking for Indonesia’s new capital Nusantara took place last year [File: Bagus Saragih/AFP]

Mahfud also previously supported Nusantara, and only Anies and Muhaimin have said that they would cancel the project if elected, arguing the money could be better spent elsewhere in Kalimantan and other parts of the country.

Nusantara is not expected to be a deciding factor in the election, with some recent polls showing that Prabowo and Gibran have a 20-point lead over Ganjar Pranowo, the former governor of Central Java, and Mahfud MD.

“Gibran was the clear winner of tonight’s debate. It has set the bar high and it will be tougher for both Anies’s and Ganjar’s teams to catch up with them, especially when it comes to economy and investment issues,” RSIS’s Arifianto said.

“Sadly, both Mahfud and Muhaimin are single-issue candidates who are good only for their issues [law and religious issues respectively] but not so good in others.”

However, not everyone was impressed with Gibran’s dynamic performance, saying that it placed style above substance.

“He was better rehearsed compared to the other two candidates, which will likely impress some voters. However, his responses lacked policy substance, relying on a combination of slogans and factoids,” Ian Wilson, a lecturer in politics and security studies at Murdoch University in Perth, Australia, told Al Jazeera.

But while Gibran may want to get away from the “nepo baby” tag, it may be difficult to shake off his family’s image altogether, Wilson added.

“Gibran showed that he is, despite attempts to brand himself as a fresh thinking millennial, very much still his father’s son, doubling down on a commitment to continuing signature Jokowi policies such as the Nusantara capital city project,” he said.

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US accuses Iran of being ‘deeply involved’ in Houthi attacks in Red Sea | Crime News

White House says Tehran is providing Yemeni rebel group with weapons and tactical intelligence.

The United States has accused Iran of being “deeply involved” in attacks by Houthi rebels on commercial ships in the Red Sea.

Tehran’s support for the Yemeni rebel group includes both weapons and tactical intelligence, the White House said on Friday as it presented newly declassified intelligence purporting to show Iranian involvement in the attacks.

“We know that Iran was deeply involved in planning the operations against commercial vessels in the Red Sea,” White House national security spokeswoman Adrienne Watson said in a statement.

“This is consistent with Iran’s long-term material support and encouragement of the Houthis’ destabilising actions in the region.”

“This is an international challenge that demands collective action,” Watson said.

The White House said that visual analysis showed nearly identical features between Iran’s KAS-04 drones and the unmanned vehicles used by the Houthis, as well as consistent features between Iranian and Houthi missiles.

Al Jazeera could not independently verify the White House’s claims.

The Houthis, who control large parts of Yemen including the capital Sanaa, have launched dozens of drone and missile attacks on commercial shipping in the Red Sea in what the group has described as a show of support for Palestinians facing Israeli bombardment in Gaza.

The attacks have effectively rerouted a large portion of global trade by forcing freight companies to sail around Africa, imposing higher costs and delays to deliveries of energy, food and consumer goods.

More than a dozen shipping companies, including the Italian-Swiss giant Mediterranean Shipping Company, France’s CMA CGM and Denmark’s AP Moller-Maersk, have suspended transit through the Red Sea due to the attacks.

Washington earlier this week announced the launch of a multinational force, involving more than 20 countries, to protect vessels transiting the Red Sea.

Last week, a US guided-missile destroyer shot down 14 attack drones believed to have been fired from Houthi-controlled regions of Yemen.

The Houthi leadership has warned that they will strike back at “American battleships” and “American interests” if they are attacked.

Tehran has said it supports the Houthis politically but denies sending the group weapons.

Iran’s Ministry of Foreign Affairs last month rejected Israeli accusations that the Houthis were acting with its guidance when they seized an Israeli-owned ship and denied responsibility for a drone shot down by a US guided-missile destroyer.

The Houthis, which have effectively maintained a United Nations-brokered truce with the Saudi-backed government since last year, rose up against the Yemeni government in 2014, triggering a devastating civil war.

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DR Congo’s provisional election results show lead for President Tshisekedi | Politics News

Electoral authorities announce results of voting by diaspora in the US, Canada, South Africa, Belgium and France.

Democratic Republic of the Congo has begun to announce the results of general elections marred by chaotic organisation and credibility concerns.

Electoral authorities on Friday announced the results of voting by diaspora Congolese in South Africa, the United States, Canada, Belgium and France ahead of the release of the full outcome on Saturday.

The votes, which represent a small proportion of the electorate, showed President Felix Tshisekedi with a sizable lead over his opposition rivals. Voters also cast their ballots to choose the next crop of national and regional lawmakers, and local councillors.

The provisional results come after voting in the mineral-rich Central African nation was extended into Thursday after some polling stations failed to open to the public and some voters could not find their names on registers.

The unscheduled extension prompted fierce pushback from opposition candidates, some of whom labelled the move unconstitutional and called for a new election.

Tshisekedi was considered the frontrunner going into the election, in which he faced a divided opposition that included Nobel Peace Prize laureate Denis Mukwege and business magnate and former provincial governor Moise Katumbi.

Despite the electoral commission announcing that polling stations were not authorised to open beyond Thursday, voting continued in some places, especially remote areas, into Friday.

Independent observers have raised concerns about the vote, with the US-based Carter Center describing “serious irregularities” at 21 out of 109 polling stations it visited and noting “a lack of confidence in the process”.

Denis Kadima, the head of the country’s electoral commission, on Friday rejected criticism that the extended vote lacked credibility.

The DRC, which is one of the world’s poorest countries despite holding vast reserves of copper, cobalt and gold, has a history of disputed elections that can turn violent.

Tshisekedi’s election as president in 2018 win was marred by accusations of vote-rigging and fraud.

At least 34 people were killed and 59 others wounded in protests against the outcome, according to the United Nations.

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US Supreme Court declines to speed up ruling on Trump immunity claim | Donald Trump News

Decision by the nation’s top court turns down a request by prosecutor Jack Smith to expedite review of immunity plea.

The top court in the United States has declined to rule on whether former President Donald Trump can claim immunity for his efforts to overturn the 2020 election, rejecting efforts by prosecutors to expedite review of the question.

The Supreme Court rebuffed the request from US Special Counsel Jack Smith on Friday, kicking it back to a lower court for continued review.

The decision came as Trump faces a slew of legal troubles, some of them related to his efforts to seize office after the 2020 election despite his loss to current President Joe Biden.

Earlier this week, a top court in the state of Colorado ruled that Trump’s role in the January 6, 2021 assault on the US Capitol by his supporters, in an effort to halt the certification of his election loss, disqualified him from appearing on the state’s ballot in the 2024 election.

Trump has said that he should be immune from charges relating to efforts to overturn the 2020 election on the grounds that former presidents cannot face charges for actions related to their official responsibilities.

Prosecutor Jack Smith has alleged that Trump worked to obstruct Congress and defraud the US government through a wide-ranging effort to reject the will of the voters.

A Congressional panel investigating the January 6 riot concluded that Trump knew that his persistent claims that the election had been stolen through massive fraud were devoid of evidence, but pushed to nullify the election results anyway.

Those findings have done little to change Trump’s popularity within the Republican Party, and he remains the conservative party’s clear frontrunner to challenge Biden in the 2024 presidential election.

On December 1, US District Judge Tanya Chutkan ruled that Trump was not immune from prosecution relating to his efforts to overturn the election. Trump quickly appealed that decision, and his trial is paused until the appeal is sorted out.

Special Counselor Smith then petitioned the Supreme Court on December 11 to review the case, asking the highest court to leapfrog the lower court in order to speed up the trial, currently scheduled to begin in March.

The court declined that request on Friday, sending it back to the US Court of Appeals for the District of Columbia Circuit, which has signalled that it will move quickly to resolve the matter.

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RSF files second war crimes complaint with ICC over Gaza journalists killed | Israel-Palestine conflict News

Latest complaint by Paris-based press freedom group asks the court in the Hague to probe the deaths of seven Palestinian journalists.

Reporters Without Borders (RSF) has filed its second complaint with the International Criminal Court (ICC) for alleged war crimes committed by the Israeli army against Palestinian journalists in Gaza.

The latest complaint by the Paris-based press freedom group filed on Friday asks the court in the Hague to investigate the deaths of seven Palestinian journalists killed in the besieged enclave from October 22 to December 15.

The list of journalists includes last week’s killing of Al Jazeera Arabic cameraman, Samer Abudaqa.

“RSF has reasonable grounds to believe that the journalists named in this complaint were the victims of attacks amounting to war crimes,” a statement issued by the group said.

“According to the information collected by RSF, these journalists may have been deliberately targeted as journalists. It is for this reason that RSF is describing these deaths as intentional homicides of civilians.”

The RSF filed its first ICC complaint since the war began on October 31 over the death of seven other journalists. The group says it has confirmed the deaths of 66 Palestinian journalists since October 7 when the Israeli assault began. More than 20,000 Palestinians have been killed since.

The other journalists named in the RSF complaint are Asem Al-Barsh, a radio journalist for Al Najah who was killed by sniper fire, and his colleague Bilal Jadallah of the Palestinian Press House, who fell victim to a direct missile attack on his car.

Montaser Al-Sawaf, a cameraman for the Turkish Anadolu Agency, and photojournalist Rushdi Al Siraj were also killed in Israeli air raids on their homes.

Hassouna Salim of the Quds News agency was killed by a missile after receiving death threats, and photojournalist Sari Mansour died in the same attack, according to RSF.

Al Jazeera’s Abudaqa “appears to have been killed by a precision shot fired from a drone”, the RSF said.

The incident, which the Al Jazeera Media Network has also decided to refer to the ICC, took place on December 15, when Abudaqa and Al Jazeera correspondent Wael Dahdouh were reporting on the bombing of a school used as a shelter for displaced people in Khan Younis in the southern Gaza Strip.

Dahdouh – who lost his wife, son, daughter and grandson in a previous Israeli bombing – was wounded in the attack but managed to reach a hospital, where he was treated for minor injuries.

Rescue teams were unable to immediately reach Abudaqa and others at the site as they needed approval from Israeli forces to bulldoze through the debris to get to the location.

By the time first responders arrived five hours later, the journalist had bled to death.

The RSF said it also supported the complaint filed by Al Jazeera Media Network about the fatal shooting of Palestinian journalist Shireen Abu Akleh in Jenin in the north of the Occupied West Bank on May 11, 2022.

Targeting journalists is a war crime under Article 8 of the Rome Statute.

“In view of the massacre of journalists in Gaza and the targeting to which they seem to be subjected, we call on ICC prosecutor Karim Khan to clearly state that he is making it a priority to elucidate the crimes committed against journalists in Gaza and to prosecute those responsible,” RSF Secretary-General Christophe Deloire said in the statement.

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Biden pardons thousands of marijuana offenders, gives clemency to 11 people | Drugs News

The US president says the actions are meant to address disparities in sentencing that have long taken a toll on the Black community.

US President Joe Biden has pardoned thousands of people convicted of use and simple possession of marijuana on federal lands and in the District of Columbia, says the White House.

Friday’s action, Biden’s latest in executive clemencies meant to rectify racial disparities in the justice system, broadened the criminal offences covered by the pardon.

Biden has also granted clemency to 11 people serving what the White House called “disproportionately long” sentences for non-violent drug offences.

In a statement, he said his actions would help make the “promise of equal justice a reality”.

“Criminal records for marijuana use and possession have imposed needless barriers to employment, housing, and educational opportunities,” Biden said.

“Too many lives have been upended because of our failed approach to marijuana. It’s time that we right these wrongs.”

The categorical pardon built on a similar round issued just before the 2022 midterm elections that pardoned thousands convicted of simple possession on federal lands.

The US has less than 5 percent of the world’s population but a fifth of its prisoners, and a disproportionate number of them are people of colour, a large segment of Biden’s support base.

Biden has been gearing up for an intense year of campaigning in the run-up to the 2024 presidential election as his popularity sags, especially among young people.

Some of the people pardoned were serving life sentences, the White House said, including Earlie Deacon Barber of Alabama for cocaine distribution and Deondre Cordell Higgins of Missouri for distributing crack cocaine.

Given recent reforms, each would have been eligible for reduced sentences if they were sentenced today.

Some of the long sentences reflect longstanding disparities in sentencing for crack-vs-powder cocaine convictions. Legal experts have now said that such punishments do not aid public safety and disproportionately affect Black communities.

Biden’s new marijuana proclamation pardoned people who were “committed or were convicted of the offense of simple possession of marijuana, attempted simple possession of marijuana, or use of marijuana,” including for use and possession on certain federal lands.

As of January 2022, no offenders sentenced solely for simple possession of marijuana were in federal prisons, the US Sentencing Commission found this year.

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Top India wrestler to return honour in protest against sport body’s new chief | Women’s Rights News

Bajrang Punia says he will return state award to protest election of new president backed by predecessor accused of sexual assault.

A top Indian male wrestler says he is returning one of the country’s highest civilian awards in protest against the election of a president to the sport’s ruling body backed by his predecessor, who is accused of sexually harassing female wrestlers.

Bajrang Punia, the first Indian wrestler to win four world championship medals, was awarded the Padma Shri – the fourth highest civilian award – by the Indian president in 2019 for his achievements as an athlete.

On Friday, Punia shared his letter to Prime Minister Narendra Modi on X, formerly Twitter, saying he would “not be able to live with the respect bestowed upon him by the government of India at a time when women wrestlers have been insulted”.

His decision to return the award came a day after Sanjay Singh was elected as chair of the Wrestling Federation of India (WFI). Singh was backed by former WFI chief Brij Bhushan Singh.

Brij Bhushan Singh, also a six-time parliamentarian from Modi’s Bharatiya Janata Party (BJP), has rejected the allegations made against him.

His case is pending trial, BJP officials said. There was no immediate official response from the government to Punia’s letter to Modi.

On Thursday, protesting female wrestlers said they were shocked that a man supported by Brij Bhushan Singh was allowed to lead the WFI.

One top female wrestler, Sakshi Malik, said their protests were being overlooked and announced her retirement from the sport at a news conference in New Delhi.

In January, Punia had joined female wrestlers’ protests against Brij Bhushan Singh, who was charged in June for sexually harassing six female wrestlers.

Brij Bhushan Singh was stripped of administrative powers by the sport ministry and the government pledged to investigate the allegations and protect female athletes.

The United World Wrestling (UWW), the sport’s global governing body, suspended the WFI after the scandal.

The WFI missed the August deadline to appoint a new president, forcing Indian wrestlers to compete as neutral athletes in global events.

Opposition parties have criticised Modi’s government for its response to the allegations, which have attracted global attention due to a series of scandals over the treatment of women in sport.



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2023, the year of layoffs | Business and Economy News

Carlin Putman of Houston, Texas worked at AIG for more than two decades. Earlier this year, she lost her job. She was devastated.

But the writing was on the wall for months as the company tried to cut costs.

“No matter how much work we had, it was working off of bare bones,” Putman told Al Jazeera English.

Late last year, the insurance giant announced it would lay off hundreds of employees, including Putman.

“When you are reporting to the board, the less headcount you can show that looks better for them,” Putman said.

In 2022, AIG’s Peter Zaffino was the highest-paid CEO in the entire property and casualty insurance sector. He made more than $75m last year — most of which came from stock grants.

According to data compiled by research firm Equilar, that makes Zaffino the third-highest-paid CEO by revenue in all of corporate America.

AIG has not made any public commitment to its top bosses taking any kind of pay cut amid the layoffs. AIG did not respond to Al Jazeera’s request for comment.

AIG has yet to issue its proxy statement — the document a company releases as it solicits shareholder votes in advance of an annual shareholder meeting and which includes executive compensation for the year. AIG’s most recent was in March. Like most publicly traded companies, it will issue the next one in the first half of 2024.

Other companies did respond to Al Jazeera’s inquiries but said executive compensation has yet to be disclosed. T-Mobile for example said it will release the specifics of CEO Mike Sievert’s compensation package in April as did Pfizer, Morgan Stanley, Ford, GoDaddy and many others.

While corporate America was swift about layoffs, the consensus on executive compensation is to be determined, indicating they could rise. That sends a mixed message about the state of the economy heading into the 2024 presidential election.

High layoffs amid record job growth

Layoffs in tech and other sectors have come despite record job growth [File: Mark Lennihan/Reuters]

In January, Salesforce laid off approximately 10 percent of its workforce. CEO Marc Benioff blamed economic conditions.

The layoffs came despite record job growth in the United States. In 2022, the US economy added 4.5 million jobs — the second-highest in 40 years. Excluding this month, data for which is not yet available, the economy added more than 2.5 million jobs in 2023.

In October, The White House touted inflation slowed by 60 percent since its peak in June 2022.

Concurrently, Salesforce reported $8.2bn in revenue in the first quarter.

“CEOs often get rewarded for layoffs because Wall Street sees it as a sign that the chief executive is taking the tough action to ensure that the company is mean and lean so often they will see a bump in their share price after a layoff,” Sarah Anderson, director of the Global Economy Project at the Institute For Policy Studies, told Al Jazeera.

“In that kind of context, there is no way that shareholders are going to be calling for the CEO’s head or even reducing their bonuses because shareholders are happy when the stock price goes up,” she added.

In a letter to staffers, Benioff said in part “we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”

Yet analysts like Wedbush’s Dan Ives called Salesforce first Q1 results a “masterpiece”. Marc Benioff made the rounds on business news TV to tout its earnings report and was rarely questioned about the massive job cuts even as Benioff’s pay increased 4 percent in 2022, according to Equilar data.

Salesforce has added more than 3,000 jobs since the recent cuts. Benioff did not commit to taking any pay cut. Salesforce did not respond to Al Jazeera’s request for comment.

Despite tailwinds in the US economy over the last two years, according to Layoffs.fyi — a platform that tracks tech industry layoffs — there were more than 260,000 layoffs in the sector.

According to a report from Challenger, Gray and Christmas, there were roughly 20,000 layoffs in the media industry in 2023. The same report found the retail sector cut 78,000 jobs and the healthcare industry cut roughly 57,000.

Salary cuts not always noble

Google CEO Sundar Pichai said he would not take a bonus this year [File: Cathal McNaughton/Reuters]

Despite thousands out of a job this year, seldomly are c-suite executives taking any kind of a pay cut. Al Jazeera evaluated more than 90 companies across multiple industries to see who opted to take a pay cut publicly this past year.

Several companies announced that its CEOs would take pay cuts. In February, Twillio announced its CEO, Jeff Lawson would take an almost 50 percent pay cut. Micron Tech announced that its CEO would take a roughly 20 percent pay cut. Goldman Sachs’s David Solomon announced he would take a pay cut, as well. Alphabet’s Sundar Pichai said he would not take a bonus this year.

How meaningful those are, varies. For instance, Pichai’s announcement only comes after a huge compensation rise for 2022. According to Equilar data, that was a 3,474 percent increase over the year prior.

The most notable cut was at Zoom Communications. Its CEO, Eric Yuan made headlines earlier this year after he announced that he would take a 98 percent pay cut amid layoffs at the video conferencing giant which surged in popularity of the program in everyday life during the COVID-19 pandemic. He took responsibility for overhiring.

For executives taking pay cuts is not always that easy of a thing to do because it can make the company look weak, thus impacting its stock price. Generally publicly traded companies are beholden to their shareholders through a concept called shareholder supremacy and companies can get sued if executives make decisions that are not in the best interest of its shareholders.

But salary cuts are not always as black and white as public relations campaigns make them seem.

Intel for example said it would “temporarily reduce base salaries for our CEO and NEOs 25% and 15%, respectively, with 2023 target bonuses based on the new blended salaries (certain months at prior salary and certain months at reduced salary),” in its most recent proxy statement.

But experts have suggested that that is not always as noble as it seems.

“Where they [CEOs more broadly] are taking cuts is what we need to understand. If they are taking cuts in salary, that’s really the most significant, it’s just the most obvious that people see,” Harikumar Sankaran,  professor of finance at New Mexico State University told Al Jazeera.

In the case of Intel, the tech giant cut out cash bonuses for its CEO, Pat Gelsinger. However, the Silicon Valley-based tech giant enhanced the role its stock plays in its executive compensation package.

“A lot of executives with great fanfare announced they were not taking a salary but then when we looked at total compensation, it was just as big as the year before,” Anderson said.

“It is only better than nothing if it’s a meaningful cut in their total compensation. If it is just window dressing in terms of a small cut in base pay, they are going to make out like bandits with their equity-based pay.”

According to the company’s most recent proxy, CEO compensation topped $11.6m, $8.8m of which was in stock awards.

Intel also refocused its compensation commitment to focus more on “at risk” pay. Its proxy statement argued that it will “strengthen our pay-for-performance linkage, provide further alignment with stockholders’ long-term interests, and meet the cost cutting needs of our company given the continued macroeconomic headwinds we face.”

“If companies were to say they would not accept stock grants for the next two years, that would be a significant statement,”  Sankaran said.

That said, how CEOs opt to compensate themselves ultimately does not change the increasingly strained financial situation for the hundreds of thousands of American workers who lost their jobs this year.

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Pakistan’s Imran Khan gets bail in state secrets case ahead of key election | Imran Khan News

The ex-PM is granted bail in the cypher case, but no clarity on his release as the country prepares for February 8 polls.

Pakistan’s former Prime Minister Imran Khan has been granted bail in a case alleging he leaked state secrets, but he remains in jail on other charges ahead of the general election due in February.

The Supreme Court on Friday granted Khan bail in the case, but it was not clear how he could be released while serving a three-year sentence for corruption and facing other charges.

Khan – detained since August – alleges the powerful military is colluding with dynastic parties that have long dominated Pakistan to crush his political party and prevent him from standing for office.

The 71-year-old has been pummelled by a barrage of legal cases since being removed from office in April 2022 after falling out with the top brass, and has twice been jailed.

“The case has completely collapsed, and Imran Khan and Shah Mahmood Qureshi have finally been granted bail,” lawyer Salman Safdar told reporters outside court, referring to Khan’s former foreign minister who is being held in the same case.

Prosecutors allege the two leaders mishandled a diplomatic cable, known as cypher, sent by Pakistan’s ambassador to the United States.

Both have repeatedly denied the charge, saying the cable was proof of a conspiracy by the Pakistani military and the US government to topple his government in 2022 after he visited Moscow just before Russia’s invasion of Ukraine.

Washington and Pakistan’s military have denied the accusations.

A private trial in the cypher case took place inside jail until a legal challenge forced the court to restart open proceedings, with observers and media present.

On Friday, the Supreme Court in its short order said “there are not reasonable grounds for believing” that an offence under the colonial-era Official Secrets Act, which carries a possible 14-year prison term or death sentence, was committed by Khan.

“There are sufficient grounds for further inquiry into their guilt of said offence, which is to be finally decided by the learned trial court,” the top court said.

Khan’s Pakistan Tehreek-e-Insaf (PTI) party said he remains incarcerated over numerous separate corruption cases, with scant chance he will leave prison to contest elections due February 8.

“The prospect of him obtaining relief in the near future appears to be very slim,” party lawyer Khalid Yousaf Chaudry told AFP news agency.

The fate of politicians in Pakistan has historically ridden on their relationship to the military establishment, which has directly ruled the country on several occasions.

Pakistan is scheduled to hold its general election on February 8, 2024.

Khan was disqualified by the Election Commission of Pakistan (ECP) in August for five years following his conviction in a case related to illegal purchase and sale of foreign gifts he received as prime minister.

Khan approached the Islamabad High Court to set aside his disqualification. However, on Thursday, the high court rejected his plea, blocking his way to contest the upcoming election.

The former cricket star-turned-politician’s legal team is now expected to file an appeal in the Supreme Court to allow Khan to contest the election.

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UN Security Council passes resolution on increased Gaza aid delivery | Israel-Palestine conflict News

BREAKING,

The US abstains on resolution that it lobbied to weaken over the course of several days, allowing it to pass.

The United Nations Security Council has passed a resolution to boost humanitarian aid to Gaza, following several delays over the last week as the United States lobbied to weaken the language regarding calls for a ceasefire.

The resolution, which calls for steps “to create the conditions for a sustainable cessation of hostilities”, passed on Friday with 13 votes in favour, none against, and the US and Russia abstaining.

The vote comes amid international calls to bring the months-long conflict to an end, as Israeli forces pummel Gaza with one of the most destructive campaigns in modern history and humanitarian conditions in the besieged strip reach critical levels.

More to follow.

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