This Friday, Gov’t Mule will release The Tel-Star Sessions, a new disc that features the band’s first-ever session in the studio together. Taken from 1994, this previously-unreleased footage captured Mule in their formative moments, discovering their musical chemistry was greater than just a side project. The band strapped together what few songs they collectively knew, and the result is a high-powered session that shows the raw energy of Gov’t Mule.Mule formed during some downtime from The Allman Brothers Band, when guitarist Warren Haynes and bassist Allen Woody wanted to continue working on new music. They recruited Dickey Betts Band’s drummer Matt Abts, eager to capture the power rock trio sound that had been popularized by Cream.It’s no surprise that some of these tracks still remain in Mule’s catalog, as the band continues to rock it out on a regular basis. With a new album in the works and tours with both Blackberry Smoke and ZZ Top on the way, it’s an exciting time to be a fan!Check out the full stream of the new Tel-Star Sessions album, courtesy of Ultimate Classic Rock.
A court has forced the €424bn asset manager APG to pay former board member Adri van der Wurff an initially agreed severance payment of €1.1m. The court ruling came after APG’s supervisory board (RvC) back-tracked on an agreement from early 2014, in order to moderate the severance payment in Van der Wurff’s employment contract, according to APG spokesman Hans ten Brinke.He said the RvC unilaterally changed its initial decision after the passage of new legislation on remuneration policy at financial companies (Wbfo) in the Netherlands.The Wbfo came into force on 1 January, limiting golden handshakes to a single year’s salary. “Given current circumstances, with, for example, hardly any perspective for indexation following the stricter rules of the new financial assessment framework, the RvC deemed the agreed severance payment no longer reasonable,” APG’s spokesman said. “Therefore, it limited the amount to €506,000, including a compensation for pension rights Van der Wurff would have missed.”In its annual report, APG’s board said the severance payment consisted of more than €250,000 for redundancy and more than €256,000 for pension loss, adding that the sum of these amounts equated to a year’s salary.According to the Wbfo, the cap on a golden handshake applies to all financial enterprises but not to pension funds.APG is the asset manager and provider for the €373bn civil service scheme ABP.Van der Wurff could not be contacted by IPE for comment.However, Dutch broadcaster RTLNieuws, which broke the news, said he had confirmed the facts of the story.Van der Wurff served as executive chairman at Cordares – the provider for BpfBOUW, the industry-wide scheme for the Dutch building sector.Cordares joined APG and was fully integrated into it in 2012.From then, Van der Wurff subsequently served as chief operational officer, chief client officer and board adviser at APG.Both parties agreed his departure was the result of “differing opinions about policy”, as well as personal reasons.In 2007, the severance payment of Joep Schouten, Van der Wurff’s predecessor at Cordares, also raised eyebrows.Schouten, who was 59 at the time, decided to hold on to the financial package – agreed in 1994, at the start of his chairmanship – of a full salary until his official retirement at 65, as well as early retirement benefits, despite having been asked by the RvC to “considerably limit” the financial arrangements.As a result, delegates of the Dutch pensions sector, including union representatives, boycotted Schouten’s departure reception.