“The vote by Tesla shareholders to reinstate Elon Musk’s compensation package should give Tesla the legal ammunition it needs to have the court officially reinstate it,” business law attorney and Grant Sheldon law firm partner Natela Shenon told Carscoops. “The whole premise of the judge’s...
Earlier in the day, Musk had commented confidently that shareholders were expected to approve his substantial pay deal by “wide margins.” The vote results confirmed his prediction, marking a crucial win in Musk’s long-running effort to secure this unprecedented compensation package. This pushed ...
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.
Tesla has campaigned to persuade shareholders to approve Musk's giant compensation package. The company said on an annual meeting website that the "future value we are poised to deliver for you is at risk," adding, "We need your vote NOW to protect Tesla and your ...
In a proxy filing out Wednesday,Tesla asked shareholdersto approve a CEO pay package for Musk that’s equivalent to the record compensation plan the company previously granted him in 2018. His earlier CEO pay plan, worth $56 billion, was voided in a ruling by Delaware Chancery Court Judge ...
Elon Musk seemingly welcomed the idea of a new performance-based compensation plan for his work as Chief Executive Officer (CEO) at Tesla.
On June 13th, Tesla shareholders will decide the fate of Musk’s compensation package, which is estimated to be worth as much as $56 billion. It will be thesecond timethat shareholders will vote on the CEO’s pay, aftera Delaware judge voided the first oneearlier this year on the ...
Musk has won over shareholders in the vote to give him $56 billion in performance-based compensation.Credit: CHRIS DELMAS/AFP via Getty Images Tesla shareholders approved Elon Musk's $56 billion pay package on Thursday during itsannual shareholders meeting. ...
man pays any taxes at all shouldn’t depend on the results of a Twitter poll,” Ron Wyden, the Democratic head of the Senate finance committee, said before the result of the vote was known. When he asked Musk to pay up after the results, he drew a very vulgar response from Musk...
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.