Paying CEOs with stock options doesn't drive business strategy: Research

The CEO pay of the United States’ biggest corporations is seen as the world benchmark. A large part of the way these executives are remunerated is through receiving stock options in the company they direct.

However our research shows that compensating executives in this way doesn’t necessarily lead to a higher payout of dividends to shareholders.

In dollar terms, average pay of CEOs of the US top 500 firms has increased from US$3 million in 1992 to US$12 million in 2016. A major contributor of this increase has been stock options.

For example, Thomas Rutledge, CEO of US telecommunications company Charter Communications received a US$98 million pay package in 2016. And 80% or US$78 million was in stock options.

A stock option is a financial contract that basically allows someone the right but not the obligation to buy a certain number of company shares in the future, at today’s market price. Thus, stock options allow CEOs to benefit if the company’s stock price rises, but not lose out if the stock price falls. Because in the latter case CEOs simply walk away from the transaction as the contract is not binding.
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NASA uploads hundreds of early test flight videos on YouTube

If you are a space buff get ready to watch videos of rare historic test flight, launch and landing footages on YouTube, media reports said.

NASA's Armstrong Flight Research Centre in California was currently in the process of uploading hundreds of archival videos, including those of hypersonic jet takeoffs and shuttle landings, the Verge reported on Wednesday.

The project is part of the space agency's continued effort to better open access to its archives, as well as help inform the public about the types of research and record-setting milestones the agency achieves each year across various fields of aerospace engineering.

Out of a total 500 clips, nearly 300 have been uploaded to YouTube thus far, with some footage going back many decades, the report added.

The clips include everything from the assembly of the D-558 Skystreak aircraft back in 1947 to a 1991 takeoff of a Lockheed Martin SR-71 stealth jet to hypersonic test flights of the unmanned NASA X-43A in 2004.

Previously, the AFRC's video library was available only through the Dryden Aircraft Movie Collection on the website of the Dryden Flight Research Centre, which was the name of the Armstrong facility before a 2014 change.

Now that it's all on YouTube, it will be indexed by Google and more easily available through the company's search engine.
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Humans first arrived in Australia 65,000 years ago, study suggests

The timing of the first arrival of humans in Australia has been studied and debated for decades. Now, researchers have found evidence that suggests the ancestors of Aboriginal Australians landed in the northern part of Australia at least 65,000 years ago.

The finding, which was published Wednesday in the journal Nature, pushes back the timing of when people first came to the continent by about 5,000 to 18,000 years. It also suggests that humans coexisted with colossal Australian animals like giant wombats and wallabies long before the megafauna went extinct.

“This is the earliest reliable date for human occupation in Australia,” Peter Hiscock, an archaeologist at the University of Sydney who was not involved in the study, said in an email. “This is indeed a marvelous step forward in our exploration of the human past in Australia.”

Previous archaeological digs and dating had suggested people migrated to Australia between 47,000 and 60,000 years ago. But a new excavation at an aboriginal rock shelter called Madjedbebe revealed human relics that dated back 65,000 years.

“We were gobsmacked by the richness of material that we were finding at the site: fireplaces intact, a ring of grind stones around it, and there were human burials in their graves,” said Chris Clarkson, an archaeologist from the University of Queensland in Australia and lead author of the study. “No one dreamed of a site so rich and so old in Australia.”
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