Published 13 days ago

Tesla wants shareholders to reinstate $56 billion pay package for Musk rejected by Delaware judge

Tesla seeks shareholder approval to reinstate Elon Musk's $56 billion pay package rejected by a Delaware judge and relocate its corporate headquarters to Texas.
Chancellor Kathaleen St Jude McCormick's ruling denied Musk's stock compensation due to board influence, deeming the process unfair to stakeholders.
Despite the setback, Chairperson Robyn Denholm praised Musk's performance, meeting growth expectations with Tesla stock up 571%.

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The Guardian

Tesla asks shareholders to back $56bn pay for Elon Musk rejected by judge

Delaware court in nullified compensation deal based on carmaker’s market value in January, calling it ‘unfathomable sum’Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018, but was rejected by a Delaware judge in January.The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650bn over the next 10 years. Tes…

13 days ago·London, United Kingdom

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Reuters

Tesla asks shareholders to approve CEO Musk's 2018 pay voided by judge

13 days ago·United Kingdom

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NDTV

Tesla Asks Shareholders To Reapprove $56 Billion Pay Deal For Elon Musk

Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a US court earlier this year. In a filing with federal regulators on Wednesday, Tesla Chair Robyn Denholm said the board of directors stood by the original package and argued that the company's "entrepreneurial spirit" had always been one of "big risks for the chance of b…

12 days ago·New Delhi, India

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Associated Press News

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate

13 days ago·United States

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abc News

Tesla to ask shareholders to reinstate $55 billion pay package for Musk

Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas

13 days ago·United States

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CNN

Tesla will ask shareholders to again approve Musk massive pay package

Tesla will ask its shareholders to vote to approve the 2018 pay package that made CEO Elon Musk among the world’s richest people but that a Delaware judge threw out earlier this year.

13 days ago·Atlanta, United States

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