But we're going to start with news that Elon Musk has had his Tesla pay blocked by a judge. According to a decision in a Delaware court, the Tesla chief executive's record-breaking $56 billion pay award will not be reinstated. That comes after months of legal wrangling, and despite the...
Elon Musk gave the cold shoulder to Norway’s $1.4 trillion sovereign wealth CEO Nicolai Tangen after the fund snubbed the Tesla CEO’s pay package—twice BYPaolo ConfinoJanuary 29, 2025 22 hours ago Success Bill Gates ...
Musk disclosed a 9.2% stake in Twitter in March 2022.29The company responded by offering Musk a seat on the board, which he accepted before declining days later.3031Musk then sent abear hugletter to the board proposing to buy the company at $54.20 per share.32 ...
Elon Musk is the founder of SpaceX and Tesla Motors, among other companies. Their success has propelled him to become the richest person in the world, with a net worth greater than $450 billion. The South African–born entrepreneur started his first businesses in the 1990s: an online city ...
Tesla asks shareholders to restore Musk’s pay package: ‘Because the Delaware court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years’ BYChristiaan Hetzner April 17, 2024 Companies ...
It was the second time she rejected the pay package as excessive, sticking with her original finding in January even after shareholders backed the plan and Musk asked her to reconsider. “There were undoubtedly a range of healthy amounts that the board could have decided to pay Musk,” ...
Elon Musk isn’t going to get that $55 billion pay package after all,a Delaware Court of Chancery judge has ruled. The ruling means Tesla’s board will need to come up with a new proposal. The ruling threatens Musk’s fortune if it makes it through an appeal,Bloombergreports. Without...
Tesla CEO Elon Musk's $56 billion pay package will go to another shareholder vote in June, after a Delaware court voided it as excessive.
Musk's defense of the pay package failed to explain why the "historically unprecedented compensation plan" was necessary to motivate the CEO to achieve “transformative growth," the judge said.
Elon MuskImage Credit: BLoomberg 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...