no big pay day for elon musk as a judge in delaware overrules a huge pay award for the tesla boss. intel's existential crisis continues — the chipmaker�*s boss unexpectedly retires after the board lost confidence in his turnaround plan. also in the programme... celebrating three decades of gaming — sony's playstation turns 30. we look back at the history of the iconic games console. welcome to business today, i'm ben thompson. elon musk has had his tesla

pay blocked by a judge. according to a decision in a delaware court, the tesla chief executive's record—breaking $56 billion pay award will not be reinstated. it comes after months of legal wrangling and despite the pay award being approved by shareholders and directors in the summer. judge kathaleen mccormick has argued that tesla's board members were too heavily influenced by elon musk. in response, mr musk himself said, "shareholders should control company votes, notjudges." for more background on this, here's our technology correspondent lily jamali. this was awarded a couple of years ago and it was contingent on elon musk, the head of tesla, meeting certain targets having to do with sales and revenue and the like. those billions of dollars were in stock options so today they are actually worth quite a bit more than 56 billion, closer to about $100 billion, and this ruling today from chancellor kathaleen mccormick really reiterates her ruling from back at the start

of the year in january where she found that this pay package is excessive and not only that, that the board of directors of tesla isn't sufficiently independent to approve it, that the people on the board have personal and business relationships with elon musk. just to give you an example, his brother happens to be on the board, james murdoch, the son of rupert murdoch, is also on this board. injune, elon musk and tesla put this to the shareholders who approved this pay package but chancellor mccormick saying that simply isn't enough. reiterating that earlier decision. one of the arguments we saw here from the shareholders was that they weren't told how easy or hard it would be for musk to meet those original targets when they voted. she effectively sided with them once again today. let's speak to the leadership expert chris roebuck from the university college london school of management. always good to see you. i want to come onto whether anyone is

worth 50 —— 56 billion in a minute. but let's talk about the logistics of him being awarded this. this is something he is entitled to, he says he has earned, he's delivered the results at tesla, why is there now a backlash against it? there already a point here about how he has this. there are questions around honesty, integrity, transparency and if you take the wider point, if you take the wider point, if you made thejudgment you take the wider point, if you made the judgment that elon musk is not demonstrated though is, how can he expect his employees to demonstrate those and make tesla work? if you look at how this has rolled out, as your reporter said, the judge has found that the board was excessively influenced by musk, there are other details that suggest that the shareholders were not made fully aware of quite how easy it was for him to get this. so you could say this is a sleight of hand. so yes, technically, he has deserved the award, but

the fact that shareholders were perhaps to some degree had over in terms of how easy it was to get, means that there are questions about it. so get, means that there are questions about it. so what is a better way _ questions about it. so what is a better way of _ questions about it. so what is a better way of governing - questions about it. so what is a better way of governing a i a better way of governing a company like that? what should shareholders have and what sort of checks and balances should be in place to make sure that maybe somebody like mr musk doesn't have too much influence over those who are deciding this? ~ , , ., , this? well, the big questions about executive _ this? well, the big questions about executive pay - this? well, the big questions about executive pay that - this? well, the big questions i about executive pay that we've been talking about perhaps for the last 20 years, the fact that somebody has to decide what the ceo does and what he gets for doing that, and that should be the board, a remuneration committee and then the shareholders. but as you and i have discussed, we have seen numerous cases where what has happened is that ceos have pressurised remuneration committees and nonexecutive directors to get their way and

then they pushed it to shareholders. that's the problem, if you have a strong ceo who can exert pressure and influence such that even independent directors are under pressure, and we have seen cases where independent directors who have resisted ceo pressure have somehow been made to leave an organisation. so there is a system that should have checks and balances, the problem is that with certain ceos, they think they can make up ceos, they think they can make up their own rules and do not abide by the rules of everyone else in your organisation has to. �* , _, else in your organisation has to. �*, ., ., to. let's come onto the question. _ to. let's come onto the question, who - to. let's come onto the question, who is - to. let's come onto the question, who is worth | to. let's come onto the - question, who is worth $56 billion? you can't even get your head around the number like that. a hugely successful business, yes. but there is such a disparity between those at the top of organisations and those who work for them.

without a doubt. if you look at the stats around the differential between the pay of workers and that of senior leadership, in general terms, over the last 20, 25 years, the gap has got bigger and bigger and bigger. and in some financials, for example, the senior leadership are earning 400 or 500 times what the average employee is earning. it is a problem that we keep saying we need to address from the perspective... we don't seem to be doing it terribly well. �* , , seem to be doing it terribly well. �* , ., seem to be doing it terribly well. �* ., ., ~ ., well. always good to talk to ou, well. always good to talk to you. thank _ well. always good to talk to you, thank you _ well. always good to talk to you, thank you for - well. always good to talk to you, thank you for your - well. always good to talk to | you, thank you for your take well. always good to talk to - you, thank you for your take on that, something we will talk about again, i'm sure. farmers in india have threatened further disruption if their demands for better compensation aren't met. hundreds of farmers have been sitting in protest as the police blocked key roads leading to delhi, in order

to stop them from marching towards the indian parliament. they've now given an ultimatum, asking the government to agree to their demands within six days. let's head to delhi now and speak to our india business reporter arunoday mukharji. that's the issue, so a deadline now in about six days, what happens, they're likely to come the table to negotiate?- the table to negotiate? well, that is the — the table to negotiate? well, that is the big _ the table to negotiate? well, that is the big question - that is the big question because this is going to be a concern for the authorities given that there are still memories from the last time the farmers hit the streets to protest in 2021 those protests lasted for nearly a year and gained so much momentum that the government had to repeal three agricultural laws, that was the kind of impact that these protests had a much by authorities will tread with caution because they understand the potential these protests

can really have. so yesterday was just a glimpse, just to clarify the roads are no longer blocked, but the farmers have camped on the side of the road where the border to delhi is, threatened to enter if their demands are not met within six days. so there is heavy police presence, it's still very precarious because performers think if they leave that spot they will not be allowed to come back so they are right on the edge of delhi, they want to make that message clear that if their demands are not met, they will march towards the indian parliament in delhi from the neighbouring states to register their protest at a time of apartment is currently in session. apartment is currently in session-— apartment is currently in session. ., ., ., . session. for now, thank you. we will check _ session. for now, thank you. we will check in _ session. for now, thank you. we will check in with _ session. for now, thank you. we will check in with you _ session. for now, thank you. we will check in with you later. - 30 years ago today, the first ever playstation hit the shelves injapan, revolutionising gaming. it also marked sony's entry into an arena many initially thought was just for kids. mariko 0i takes a look at the history of the sony playstation.

when the original playstation went on sale 30 years ago, sony exceeded its target quickly. it redefined gaming hardware because it was one of the first publicly available introductions to 3d gaming. it also expanded the appeal of gaming to a broader audience. then came the playstation 2, launched a six years later. it became the best selling gaming hardware of all time, 160 million consoles flew off the shelves. fast forward to today, we're on to the playstation 5 but a lot has changed with increasing popularity of mobile gaming and there as competition from the likes of xbox and steam deck and game publishers are expanding their offerings to personal computers which means owning a console is less important than 30 years ago. the strategy from their perspective is notjust

about making money on the hardware, on the software they sell and through their storefronts and everything, so i think there is a significant commercial opportunity for sony and playstation in the business. but he adds there is a looming risk of tariffs with the incoming administration in the united states because many gaming consoles are produced in china. in the past companies like sony have argued they should be exempt, but if the price of consoles were to go up because of the trade war, it could have an impact on playstation sales in the united states and it is an important market for console makers. another day, another abrupt resignation. yesterday we brought you the news that the boss of carmaker stellantis suddenly quit, well on monday the chipmaker intel announced its chief executive — pat gelsinger is to step down and take unexpected retirement rom the company's board of directors. gelsinger led aggressive efforts to turn around

the troubled us company for more than three years. for more on where that leaves the future of intel, here's our north america business correspondent, ritika gupta intel ceo pat gelsinger was forced out after the board lost confidence in his plans to turnaround the iconic chip maker. there will be two interim co—ceos until the company finds a permanent replacement. the shares initially got a boost from the news on monday and intel shares are still down some 50% this year. gelsinger was hired back in 2021 to lead an ambitious comeback. that didn't happen. in fact, intel fell further behind its rivals, with strategic missteps and missing out on the ai boom. gelsinger wanted to take intel beyond its traditional strength and making pc and server processers to build a foundry business manufacturing tips for other companies. he also laid out a plan to extend intel's factory network but this was all very costly and shareholders ultimately got frustrated losing money and ran out of patience. his departure could lead to some dramatic strategy shifts. for instance, one of

the biggest challenges intel faced was breaking into the ai market and competing and bidding with new products. that is likely to be a key focus. there will also be a setback for president biden�*s chips act. intel's outgoing ceo was a big supporter and pledged to build factories in the us to rebuild the nation's semiconductor manufacturing industry. ultimately, whoever replaces gelsinger will face the same set of problems he was brought in to fix and finding someone to take the hot seat may not be so easy. in other news.... china has said it would restrict exports to the united states of some key components in making semiconductors, after washington announced curbs targeting china's ability to make advanced chips. among the materials banned from export are metals gallium, antimony and germanium. on monday, the us announced new export restrictions on shipments of advanced memory chips. china's renminbi has fallen to its lowest level against the dollar in a year this morning,

amid concerns over us tariffs and expectations of further interest rate cuts in asia's largest economy. the currency fell 0.3% in early trading, its weakest level since november 2023. stay with us here on bbc news.

hello from the bbc sport centre. i'm delyth lloyd. briton daniel dubois will defend his world heavyweight title against former champion joseph parker in saudi arabia on the 22nd of february. 27—year—old dubois sensationally beat former two—time world champion anthonyjoshua inside five rounds in september at wembley stadium, in his first defence of his ibf belt. dubois previously captured the interim title with an impressive win over filip hrgovic last year and was elevated to world champion when 0leksandr usyk vacated the belt. new zealand's parker, who's

five years dubois' senior,