US EditionTesla 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%.
109 Articles
109 Articles
Tesla Asks Shareholders to Reapprove Elon Musk’s $47 Billion Pay Package
Tesla will ask shareholders to ratify CEO Elon Musk’s record compensation package months after it was struck down in a Delaware court, according to a proxy statement filed on Wednesday (April 17). The electric vehicle maker will also ask shareholders to approve changing its incorporation from Delaware to Texas following the January ruling against Musk’s record pay package. The radical pay package, initially proposed in 2018 and worth more than $…
Hawaii Tribune-Herald
Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge - Hawaii Tribune-Herald
DETROIT — 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 home to Texas.
Tesla asks its shareholders to confirm $56 billion bonus for Elon Musk: The company just fired 14,000 people
Tesla's board will ask shareholders on June 13 to confirm the $56 billion compensation package awarded to Elon Musk in 2018. Last January, the bonus was canceled by a Delaware judge due to opposition from many shareholders due to an opaque process influenced by Musk himself. The entrepreneur had already complained about the court decision, and the company has indicated that it will request the transfer of legal headquarters from Delaware to Texa…
Tesla Board's Credibility At Stake With $56B Elon Musk Pay Package Vote, Says Ross Gerber: 'Super Grateful For Tesla As An Investment' - Tesla (NASDAQ:TSLA)
Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, expressed his gratitude for Tesla Inc. (NASDAQ:TSLA) as an investment, just as shareholders are set to vote on CEO Elon Musk’s $56 billion pay package. What Happened: Gerber, in an interview with CNBC’s Last Call, stated, “I’m super grateful for Tesla as an investment.” He added, “For me, it’s not whether he deserves it or not. It’s whether this board of directors can have…
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