chairman, and co-founder Elon Musk that will only fully vest if the electric-car maker becomes one of the most valuable companies in the world. In addition, the compensation plan ties every cent of Musk's compensation package directly to performance...
Tesla CEO Elon Musk could soon be getting a $56 billion payday with company shareholders set to vote on his compensation package Thursday. The investors could also approve a move of Tesla's legal headquarters from Delaware to Texas. Alan Ohnsman, a
The bombshell, 200-page Delawarecourtruling Tuesday orderingTeslato undo its massive$56 billion compensation packagefor CEOElon Muskfeatures descriptions of a lawyer holding back tears, references to "Frankenstein," Shakespeare and "Star Trek," and a cringey self-driving car pun. And then there's...
Ives has said that Tesla should create a new compensation package that grants Musk his 25% voting control. Musk wrote in a post Wednesday that he's not after the larger package for more money. He's after more influence. "I (obviously) don...
FILE - Elon Musk attends the 10th Annual Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. Tesla CEO Elon Musk’s record $44.9 billion pay package has been restored following a shareholder vote on Thursday. The compensation plan ...
Here's what to know about why the judge struck down Musk's compensation package, and what could happen next: Why did the judge rule on Musk's compensation for a second time? The ruling this week reaffirms a January decision made by McCormick, in which the judge rejected the 2018 co...
A Delaware judge has again voided what would be the largest executive compensation package in history—a Tesla (TSLA) pay plan for CEOElon Musknow valued at $101 billion, 33 times larger than the previous record (also held by Musk for a 2012 Tesla deal). The December 2024 ruling stands ...
File - Tesla CEO Elon Musk waves as he arrives at the annual political festival Atreju, organized by the Giorgia Meloni’s Brothers of Italy political party, in Rome, Dec. 16, 2023. A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors th...
The proposed pay package would make Musk the most highly compensated CEO in the world. “They are oathbreakers,” he wrote on X in response to a post mocking shareholders who have said they plan on voting against Musk’s compensation. Please let us know if you have any questions about ...
Musk's attorneys had argued that the second vote made clear that Tesla shareholders, with full knowledge of the flaws in the 2018 process that McCormick had earlier pointed out, were adamant that Musk is entitled to the pay package. They asked the judge to vacate her order directing ...