As ifTesla(NASDAQ: TSLA) hadn't announced enough unbelievable targets, the company has now proposed a new compensation plan for CEO, 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 additio...
January 31, 2024 – News emerged on the 31st that Tesla CEO Elon Musk’s US$55 billion compensation plan has been rejected by the Chief Justice of the Court of Chancery in Delaware, following raised by Tesla shareholders. The judge opined that the massive stock option award granted to Mu...
Tesla shareholders meeting over Elon Musk's compensation package06:46 In the history of U.S. corporate pay packages, there have been plenty of massivepayoutsworth almost $1 billion in today's dollars. But none comes close to the $46 billion pay deal Tesla shareholders on Thursday handed to ...
Electric-car makerTesla(NASDAQ: TSLA) has announced a new compensation package for CEO Elon Musk, one that is intended to retain him for at least another decade. The package consists of a 10-year grant of stock options that is split into 12 different tranches with specific v...
Over the years, an unusual compensation package that rewarded Musk with large chunks of Tesla stock for hitting certain performance benchmarks made him the richest person on the planet. Tesla’s meteoric rise eas earned Muska net worth of more than $200 billion, according to the Bloomberg Billi...
The ruling comes as Tesla is preparing another round of compensation negotiations with the CEO. Musk said in a post on X this month that he was uncomfortable leading Tesla unless he had 25 percent of the voting control. The billionaire owned around 13 percent of the company at the time and...
Tesla (TSLA) CEO Elon Musk has lost his latest legal battle to try and reinstate his $56 billion pay package. A Delaware judge has upheld her previous ruling that struck down the compensation plan, ruling that it was improperly granted to Musk back in 2018. The $56 billion p...
Musk's 2018 compensation plan was "the largest potential compensation opportunity ever observed in public markets by multiple orders of magnitude," McCormick wrote in her decision. The unusual plan, valued at a maximum of US$55.8 ...
Judge Aims to Rule on Elon Musk's $56 Billion Tesla Pay by Year End More Reuters Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U...
Tesla CEO Elon Musk on Monday lost his bid to get his 2018 CEO pay package reinstated when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The package, worth about $56 billion, was the largest compensation plan in U.S. ...