Elon Musk has said running Twitter has been "quite painful" and "a rollercoaster", in a last-minute interview with the BBC. Read the transcript here.
The compensation plan grants Musk rights to approximately 300 million shares, representing about a 10% stake in the company, as a reward for Tesla achieving ambitious goals that were once deemed unfeasible, such as reaching a market valuation of $650 billion. TMTPOST--Tesla CEO Elon Musk won ...
alleged that the board lacked independence from Musk when approving the compensation plan. The board included Musk’s brother, Kimbal Musk, as well as friends Antonio Gracias and Steve Jurvetson. (Jurvetson and Gracias have since left Tesla’s board.) During the trial, Delaware Chancery Cou...
Aug. 6, 2022: Musk challenged Twitter CEO Parag Agrawal to a public debate about the percentage of Twitter users that are fake or spam accounts. Oct. 4, 2022: Musk agreed to purchase Twitter at the original deal price of $54.20 per share, weeks before a Delaware trial was set to begin...
His earlier CEO pay plan, worth $56 billion, was voided in a ruling by Delaware Chancery Court Judge Kathaleen McCormick, who decided that, as CEO, Musk controlled Tesla, and the board’s compensation committee wasn’t independent, among other factors. ...
Elon Musk says he has found a new CEO for Twitter, or X Corp. as it's now called. Musk did not name the person but said she will be starting in about six weeks. Musk bought Twitter last fall and has been running it since but has been insisting he is not
LOS ANGELES (AP) — Elon Musk has owned up to insulting a British spelunker in a rash tweet, but wouldn’t concede on the witness stand that he called the man a pedophile. The Tesla CEO returns to the witness stand Wednesday after spending several hours at his defamation trial trying to...
Elon Musk seemingly welcomed the idea of a new performance-based compensation plan for his work as Chief Executive Officer (CEO) at Tesla.
Musk’s legal team had asked for the trial to take place in 2023. Twitter’s legal team argued it was necessary to expedite the case in order to limit the “harm” to its business and to ensure the deal can be completed before Oct. 24, the “drop dead” date by which the two side...
The June complaint stated that after it was announced that Musk was acquiring the social media company last April, “many employees raised concerns” over the fate of “their compensation and annual bonus” if and when the deal closed.