Judge who nixed Musk’s pay package hears arguments on massive fee request from plaintiff lawyers
8 months, 2 weeks ago

Judge who nixed Musk’s pay package hears arguments on massive fee request from plaintiff lawyers

Associated Press  

— A Delaware judge heard arguments Monday over a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk was illegal and should be voided. Attorneys for a Tesla stockholder who challenged Musk’s 2018 compensation package are asking Chancellor Kathaleen St. Jude McCormick to award them legal fees in the form of stock in the electric vehicle company valued at more than $7 billion at current trading prices. Meanwhile, some opponents of the fee request argue that the plaintiff attorneys deserve no fee at all because they did not bestow any economic benefit on Tesla and instead may have even harmed the company. The current fee request equates to an hourly rate of about $288,000 for plaintiff attorneys and would result in an “unwholesome windfall,” according to opponents.

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History of this topic

Delaware’s status as corporate capital might be on the line in a fight over shareholder lawsuits
1 week, 2 days ago

Delaware’s status as corporate capital might be on the line in a fight over shareholder lawsuits

Associated Press  

HARRISBURG, Pa. — Delaware is trying to protect its status as the corporate capital of the world with fast-tracked legislation amid fallout from a judge’s rejection of billionaire Elon Musk ’s landmark Tesla compensation package, although critics say the bill will tilt the playing field against investors, including pensioners and middle-class savers. Backers of the bill say corporate unrest had …

Elon Musk launches appeal to restore $56 billion Tesla payday
2 weeks, 2 days ago

Elon Musk launches appeal to restore $56 billion Tesla payday

The Hindu  

Elon Musk kicked off his appeal to try to restore his $56 billion payday from Tesla on Tuesday, claiming a lower court judge made multiple legal errors in rescinding the record compensation. "That counterintuitive result defies settled principles of Delaware law, sound corporate governance, and common sense," said the opening appeal brief by Musk and the current and former Tesla …

Musk to Face Questioning in Suit Over Twitter Buyout Flip-Flop
2 weeks, 6 days ago

Musk to Face Questioning in Suit Over Twitter Buyout Flip-Flop

Live Mint  

Elon Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price. While Musk has been busy lately as a key adviser to President Donald Trump on government cost-cutting efforts, he’s also …

US regulator sues Elon Musk for late disclosure of Twitter stake before buying it
2 months, 1 week ago

US regulator sues Elon Musk for late disclosure of Twitter stake before buying it

India Today  

Elon Musk was sued on Tuesday by the US Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, DC federal court, the SEC said Musk violated federal securities law by …

What’s next in the legal battle over Elon Musk’s $100 billion pay deal
3 months, 3 weeks ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know
3 months, 3 weeks ago

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know

LA Times  

A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Business Tesla shareholders strongly support …

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
3 months, 3 weeks ago

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?

Associated Press  

DETROIT — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations. In her 103-page opinion, she ruled that under Delaware law, Tesla’s …

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?
3 months, 3 weeks ago

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?

Firstpost  

Tesla CEO Elon Musk’s $56 billion performance-based pay package has been blocked by a Delaware judge for the second time, despite shareholder approval. File Image/Reuters A Delaware judge in the United States has upheld her earlier ruling to block Tesla CEO Elon Musk’s record-breaking $56 billion pay package, despite multiple attempts by Musk’s legal team and Tesla shareholders to reinstate …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
3 months, 3 weeks ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’
3 months, 3 weeks ago

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’

Live Mint  

A US district judge has rejected Tesla chief Elon Musk's extravagant $56 billion pay package for a second time, according to a Bloomberg report. It added that Delaware Chancery Court Judge Kathaleen St. J. McCormick made the ruling on December 2, making it the second time that she has ruled against the same excessive pay package for Musk. Musk’s record-setting …

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package
Trending News
3 months, 3 weeks ago

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package

Firstpost  

The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the …

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package
3 months, 3 weeks ago

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Delaware judge has …

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
3 months, 3 weeks ago

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package

Hindustan Times  

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. A US court denied an attempt to reinstate the pay contract through a shareholder vote on Monday, upholding her judgement to reject Elon Musk's enormous $55.8 billion compensation package …

What is next for Musk after judge rules against him in Tesla pay case?
3 months, 3 weeks ago

What is next for Musk after judge rules against him in Tesla pay case?

Live Mint  

By Tom Hals WILMINGTON, Delaware, - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. TESLA COULD PEAL THE RULING Musk and Tesla's board could appeal and try to reverse the ruling at the Delaware Supreme Court, a process …

Elon Musk's $56 billion Tesla pay rejected by US court again
3 months, 3 weeks ago

Elon Musk's $56 billion Tesla pay rejected by US court again

India Today  

Tesla CEO Elon Musk has faced yet another setback as a Delaware court rejected his $56 billion pay package for the second time, reported news agency Reuters. THE COURT’S DECISION Chancellor McCormick maintained that Tesla’s attempt to reinstate Musk’s pay package through a shareholder vote was not legally valid. The court also ruled that Musk improperly influenced Tesla’s 2018 board …

Musk’s $101bn Tesla pay package again rejected by US judge
3 months, 3 weeks ago

Musk’s $101bn Tesla pay package again rejected by US judge

Al Jazeera  

Judge says Tesla’s ‘unprecedented theories’ do not support argument to reverse previous ruling scrapping pay deal. A judge in the United States has upheld a decision to deny Tesla CEO Elon Musk a multibillion-dollar pay package despite shareholders voting to restore the compensation deal. The decision by a Delaware judge on Monday reaffirmed an earlier ruling to void the pay …

US judge denies request to restore Elon Musk's $56 billion Tesla pay package
3 months, 3 weeks ago

US judge denies request to restore Elon Musk's $56 billion Tesla pay package

India Today  

A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the court ruling, Tesla shareholders met in June and …

Elon Musk loses $56 billion pay package in latest court ruling
3 months, 3 weeks ago

Elon Musk loses $56 billion pay package in latest court ruling

Salon  

A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla. Related Why tech billionaires dress …

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
3 months, 3 weeks ago

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk

Associated Press  

— A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the original court ruling, Tesla shareholders met in …

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
3 months, 3 weeks ago

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

CNN  

CNN — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. At the time, McCormick ruled in favor of …

Elon Musk is sued over $1 million election giveaway
4 months, 3 weeks ago

Elon Musk is sued over $1 million election giveaway

Live Mint  

By Jonathan Stempel Nov 5 - Elon Musk was sued in a proposed class action on Tuesday by registered voters who signed his petition to support the Constitution for a chance to win his $1 million-a-day giveaway, and now claim it was a fraud. The complaint filed by Arizona resident Jacqueline McAferty in the Austin, Texas federal court said Musk …

Tesla attorneys ask judge to vacate decision invalidating massive pay package for Elon Musk
7 months, 3 weeks ago

Tesla attorneys ask judge to vacate decision invalidating massive pay package for Elon Musk

Associated Press  

— Attorneys for Elon Musk and Tesla’s corporate directors are asking a Delaware judge to vacate her ruling requiring the company to rescind a massive and unprecedented pay package for Musk. Friday’s hearing follows a January ruling in which Chancellor Kathaleen St. Jude McCormick concluded that Musk engineered the landmark 2018 pay package in sham negotiations with directors who were …

Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case
8 months, 2 weeks ago

Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case

The Hindu  

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company is "outlandish," the latest twist in a legal showdown over Musk's $56 billion pay package. Tornetta owned nine shares of Tesla when he sued over Musk's pay package of stock options in …

It’s official: Tesla shareholders grant Elon Musk the biggest executive pay package in US history
9 months, 1 week ago

It’s official: Tesla shareholders grant Elon Musk the biggest executive pay package in US history

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla shareholders have restored …

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval
9 months, 1 week ago

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval

News 18  

Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record USD 44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. Early Friday, Tesla disclosed that shareholders voted for Musk’s pay package by 1,760,780,650 to 528,908,419, with about …

Tesla shareholders vote to uphold Musk’s pay plan
9 months, 2 weeks ago

Tesla shareholders vote to uphold Musk’s pay plan

Live Mint  

Tesla shareholders voted to reapprove Elon Musk’s multibillion-dollar pay package, signaling support for the EV maker’s longtime leader and giving the board ammunition in its fight to preserve the court-rejected compensation plan. Tesla’s board had argued that the pay package—representing a sizable portion of Musk’s personal wealth—was needed to motivate him to continue to lead the world’s most valuable automaker …

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote
9 months, 2 weeks ago

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote

News 18  

Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals on Musk’s pay weren’t immediately announced, but the company said shareholders voted for Musk’s compensation plan, which initially was …

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package
9 months, 2 weeks ago

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package

LA Times  

Tesla shareholders voted to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year. Tesla shareholders voted Thursday to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the …

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
9 months, 2 weeks ago

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote

NPR  

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote toggle caption Ebrahim Noroozi/AP DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals …

Future of Elon Musk and Tesla are on the line as shareholders vote on massive pay package
9 months, 2 weeks ago

Future of Elon Musk and Tesla are on the line as shareholders vote on massive pay package

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy If Tesla shareholders approve …

The $50 Billion Musk Referendum
9 months, 2 weeks ago

The $50 Billion Musk Referendum

Wired  

The pay package is just one in a series of measures that shareholders have already been asked to vote on by proxy, ahead of Thursday’s meeting. “Tesla is Elon.” Yet the deal’s opponents include two influential proxy advisory groups, which guide institutional investors on votes, as well as shareholders from the Nordic countries, where Tesla has clashed with workers over …

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
9 months, 2 weeks ago

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

Associated Press  

DETROIT — If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies. The move is designed to escape from the Delaware court’s oversight and possibly a ruling from Chancellor Kathaleen St. Jude McCormick that invalidated Musk’s pay package. If Tesla …

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
9 months, 4 weeks ago

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package

Associated Press  

DETROIT — A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge. ISS said in its recommendations on Tesla’s proxy voting items that Musk’s stock-based package was outsized when it was approved by shareholders in 2018, and it failed to accomplish board …

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package
9 months, 4 weeks ago

Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package

LA Times  

A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge. A second shareholder advisory firm has come out against reinstating a pay package for Tesla Chief Executive Elon Musk that was voided earlier this year by a Delaware judge. ISS said in …

Group of Tesla shareholders ask investors to vote against Musk’s compensation package
10 months, 1 week ago

Group of Tesla shareholders ask investors to vote against Musk’s compensation package

Associated Press  

A group of Tesla shareholders is asking investors to vote against a compensation package worth more than $40 billion for CEO Elon Musk, saying that it’s not in the electric vehicle maker’s best interest. The shareholder group, which includes New York City Comptroller Brad Lander, SOC Investment Group and Amalgamated Bank, said in a letter to shareholders that ratification of …

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla
10 months, 3 weeks ago

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla

The Hindu  

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. It also …

Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla
10 months, 4 weeks ago

Supreme Court rejects Musk appeal over social media posts that must be approved by Tesla

Associated Press  

WASHINGTON — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. The case stems from messages Musk posted on Twitter in 2018 in which he claimed he had secured …

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
11 months, 1 week ago

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

Associated Press  

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. Delaware courts, he said, “want the corporations to disclose and let the shareholders decide.” Musk may not see much legal benefit from moving Tesla’s corporate …

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
1 year ago

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock

Associated Press  

— The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 billion as legal fees. “We are ‘prepared to eat our cooking,’” the Tesla plaintiff attorneys wrote in the court filing, arguing the sum is justified because …

Why has a court blocked Elon Musk’s $56bn Tesla pay?
1 year, 1 month ago

Why has a court blocked Elon Musk’s $56bn Tesla pay?

Al Jazeera  

A Delaware judge has scrapped a $55.8bn compensation package for Tesla boss Elon Musk after years of legal arguments about his pay. Here’s what we know about Musk’s pay deal and why it was controversial: What was in Musk’s Tesla pay package? The deal awarded Musk stock worth about 1 percent of Tesla’s equity each time the company achieved one …

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?
1 year, 1 month ago

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?

Associated Press  

Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. A judge in Delaware on Tuesday struck down the package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” Chancellor Kathaleen St. Jude McCormick called the package “the …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
1 year, 1 month ago

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge

Firstpost  

A judge in Delaware, US has invalidated the $55.8 billion pay package granted to Elon Musk by Tesla in 2018. Judge Kathaleen McCormick ruled that the approval of the pay package by the Tesla board was “deeply flawed.” Elon Musk, Tesla’s CEO and a major shareholder took to his platform X to express his disappointment in the judgement, advising against …

Court ruling strikes down Elon Musk's astonishing USD 56 billion compensation package at Tesla
1 year, 1 month ago

Court ruling strikes down Elon Musk's astonishing USD 56 billion compensation package at Tesla

India TV News  

A Delaware judge tossed out Elon Musk's record-breaking USD 56 billion Tesla TSLA.O pay package on January 30, calling the compensation granted by the EV maker's board "an unfathomable sum" which was unfair to the shareholders. Kathaleen McCormick of Delaware's Court of Chancery wrote: "Swept up by the rhetoric of 'all upside,' or perhaps starry eyed by Musk’s superstar appeal, …

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed
1 year, 1 month ago

Column: A judge voids Musk’s huge Tesla pay package as dishonest, and hoo boy, is Musk steamed

LA Times  

Elon Musk may be learning the hard way that his streak of always having things his own way is coming to an end. If McCormick’s blockbuster 201-page order in the lawsuit brought by a Tesla shareholder survives a likely appeal to the Delaware Supreme Court, Musk would have to give up the options on nearly 304 million shares that the …

Elon Musk's 'unfathomable' $84 billion Tesla pay package voided by Delaware judge
1 year, 1 month ago

Elon Musk's 'unfathomable' $84 billion Tesla pay package voided by Delaware judge

ABC  

A judge has ruled that Elon Musk's record-breaking $US56 billion Tesla pay package could be voided, calling the compensation "an unfathomable sum" that was not fair to shareholders. "Swept up by the rhetoric of 'all upside', or perhaps starry eyed by Mr Musk's superstar appeal, the board never asked the $55.8 billion question: Was the plan even necessary for Tesla …

Elon Musk Can't Keep Tesla Pay Package Worth More Than $55 Billion
1 year, 1 month ago

Elon Musk Can't Keep Tesla Pay Package Worth More Than $55 Billion

Huff Post  

LOADING ERROR LOADING DOVER, Del. — Elon Musk is not entitled to landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” Musk, who as of Tuesday topped Forbes’ list of …

Elon Musk pay package from Tesla denied by Delaware judge
1 year, 1 month ago

Elon Musk pay package from Tesla denied by Delaware judge

Associated Press  

— Elon Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” AP AUDIO: Elon Musk cannot keep Tesla pay package worth more than $55 …

Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package
1 year, 1 month ago

Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package

CNN  

Story highlights The 303 million split-adjusted stock options that Musk had received are worth $51 billion as of Tuesday's share price. Delaware Chancery Court Chancellor Kathaleen McCormick, who oversaw the bench trial that concluded in November 2022, ruled Tuesday that Musk and the Tesla board “bore the burden of proving that the compensation plan was fair, and they failed to …

Elon Musk demands massive new Tesla payday
1 year, 2 months ago

Elon Musk demands massive new Tesla payday

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Unless that is the case, I would prefer to build products outside of Tesla.” Mr Musk previously …

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