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...
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 d...
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.
After it was initially approved in 2018, the pay package sparked a lawsuit from some Tesla shareholders who accused Musk and Tesla's board of directors of breaching their duties and unjustly enriching the billionaire. In January 2024, McCormickhad ruledthat Musk and his company failed to prove t...
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...
He derives most of his income from Tesla, which is a publicly traded company, and where he is still involved in a lawsuit that could strike down his compensation package at Tesla. An event that is happening later this week could literally seal his future on Wall Street....
course, they might invent an entirely new claim of some sort and file a new lawsuit in federal court but I have no idea what that could be. The simplest solution is to renegotiate a compensation package as a Texas entity, but it will likely have to generate ...
The lawyers who voidedElon Musk's $56 billionTesla compensation package as being excessive are seeking a record $6 billion legal fee payable in the company's stock. "We recognize that the requested fee is unprecedented in terms of absolute size," the three law firms said in a fi...
Elon Musk has successfully had a lawsuit dismissed that claimed he refused to pay at least $500 million in severance. The claim was made by former employees that Musk refused severance to thousands of Twitter employees laid off after his acquisition of the social- media company, now known as ...
Tesla shareholders voted in favor of a compensation package for CEO Elon Musk that could be as much as $56 billion, depending on various performance factors. The package was alreadyshot down by Chancellor Kathaleen St. Jude McCormick, following a shareholder lawsuit that challenged the deal. ...