Several million dollars in stock options, another diversion for Tesla director Robyn Denholm

And let's be honest, Denholm is probably much more at stake with Tesla than with Telstra, where she took home a reward of just over $ 2 million in her first full year.

Tesla board members are showered in parts of options to be added for Denholm after four years at the company.

Denholm exercised 122,000 options in 2014 and 2015 alone around $ US260 each (which converts to one share).

Musk's notorious tweet last week suggested making Tesla private at $ US420 per share.

Denholm would only make a profit of just under US $ 20 million on these shares if she still holds them, leading to a lot of distraction from her daily job.

  Illustration: John Shakespeare

Illustration: John Shakespeare

It is almost impossible to say how much is at stake for Denholm. They sold last year a package with options for a profit of $ US1 million, but the filings with the SEC rules are not meant for clarity of investors.

Wink and a nudge

CBD does not like conspiracy theories, so we do not read anything in the fact that PM Malcolm Turnbull stepped into an NEG hornet's nest the same day Lachlan Murdoch and Rupert Murdoch with their respective city women.

Who cares about the drinks that Lachlan held last week with a number of News Corps senior journalists and editors on his estate in Sydney, Le Manoir.

  Lachlan Murdoch arrives with Sarah at the annual Keith Murdoch Oration in the State Library of Victoria.

Lachlan Murdoch arrives with Sarah at the annual Keith Murdoch Oration in the State Library of Victoria.

Photo: Darrian Traynor

CBD hears that The Sunday Telegraph & # 39; s editor Mick Carroll attended the drinks – and presumably The Daily Tele Chris Dore .

The thoroughly moderate Sky News team was apparently represented by Kieran Gilbert David Speers Peta Credlin and Ross Cameron .

Lachlan and Peta would have so much more to tell than Turnbull, right?

Top serving

What is the ultimate accessory for a politician with everything? A $ 175,000 Bentley.

The Liberal MP John Alexander & # 39; s Azure from 1996 was quietly put on the market last month – still no sale – and quickly came to the attention of operators with empty glasses. Alexander, the member for Bennelong, bought the $ 4.7 million Iona Park estate in the southern highlands, and says the car is a bargain.

  Prime Minister Malcolm Turnbull and John Alexander during the election night function at the Ryde Leagues Club last year.

Prime Minister Malcolm Turnbull and John Alexander during the election night function at the Ryde Leagues Club last year.

Photo: Alex ellinghausen

"This Bentley Azure represents a rare opportunity to acquire a highly sought-after collector's item," John van Bondi writes in the offer.

"Included in the price is 12 nights on the typical estate in the Southern Highlands Iona Park valued at about $ 20,000 … this package now represents an extraordinary value."

The Azure, described as rarer and by far superior to a normal Bentley, is "the ultimate expression of hand-crafted Bentley Motorcars," Alexander writes.

"My Azure is regularly driven to the southern highlands and Canberra and is therefore ready to be enjoyed with complete confidence."

Alexander, a former tennis champion, is one of the government's most vocal advocates for action at the area of ​​affordability of housing.

That led yesterday to a staff member of the Coalition: "It's a beautiful car, but it's about as expensive as my house."

Delen ring

We all know that they do things a bit different at AMP.

Whether it's to have your president mess with an independent report to ASIC, while you watch as a senior executive takes custody in the presence of the royal bank commission, or looks at your replacement president's clutter completely from the corporate governance framework – it's just another day at the AMP office.

So what should we do with a flurry of change of governmental interests that were submitted to the ASX on Friday?

New chairman David Murray and his new recruit ASIC tragic John O & # 39; Sullivan both collected 2,000 shares last Thursday for $ 3.45 per share.

It was the third notification from the director who really knew CBD. Outgoing Director Patricia Akopiantz sold 4,000 shares at a value of $ 3.45 each for off-market transfers to O & # 39; Sullivan and Murray.

"The stock trading was done for the takeover by those directors of the shareholding of the director in accordance with clause 53.4 of the articles of association of AMP Ltd."

And what does clause 53.4 of the AMP Constitution mean to us?

"A director will no longer be eligible to hold the position of director if he or she does not have a Qualifying interest in at least 2,000 Shares at any time after the 60-day period from the date on which the person became a director appointed or appointed. "

Murray and O & # 39; Sullivan became AMP directors on June 25; it seems that they both – technically at least – had to deal with dumping the AMP board if they did not get some shares quickly.

And for some reason they had to borrow them from another director. Only at AMP.

The good news is that Akopiantz wanted to help them. As former chairman Simon McKeon can confirm, the boardroom of AMP has not always shown such a brotherhood.

Rap sheet

ASIC's new vice-chairman Daniel Crennan was pleased to be able to give a parliamentary commission commission charged with overseeing the corporate cop a short walk through his impressive resume.

But it was the proud pride of the former side that he was part of the legal team representing the interests of Dick Pratt in the cartel action of the Australian competition and consumer committee against Visy Industries in 2007 the interest of CBD aroused.

Crennan, who took silk in 2016, was then a talented junior and then worked as a junior-barrister with star-end Philip Crutchfield and the formidable combination of Jeff Sher QC and now federal court judge Jonathan Beach QC.

During the hearing, Crennan also referred to his work for Melbou the businessman John Elliott regarding the president's threshold of the former Carlton Football Club to overthrow findings of insolvent trading.

CBD was disappointed that Crennan did not mention that he had seen the entire holy trinity of celebrity shame Australian businessmen, citing Alan Bond as he was part of the legal team that represented The Bell Group in his legal environment at Westpac.

Not that having these customers on their CV is a bad thing. It is very common for talented barristers to argue with wealthy business people. And many would say that the fact that the young Crennan was so much asked points to his skill as a lawyer

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