"Hot damn, I love you guys," an exultant Musk said at the shareholder meeting after the vote results were announced. He also capitalized on the occasion to tout Tesla's success in selling electric vehicles and what that means for the fight against climate change. ...
TMTPOST--Tesla CEO Elon Musk won a major victory on Thursday night as shareholders approved his historic $56 billion pay package at the company's annual general meeting. Despite this approval, Musk may still face legal challenges regarding the deal. Earlier in the day, Musk had commented confi...
Tesla has not hired Innisfree since 2018, when it first asked shareholders to vote on Musk's pay package. Companies often only advertise the cost of proxy solicitations when major proposals or proxy fights are expected. (Innisfree was alsosuing Musk's Twitterover unpaid bills.) Musk's pay pa...
Tesla CEO Elon Musk could soon be getting a $56 billion payday with company shareholders set to vote on his compensation package Thursday. The investors could also approve a move of Tesla's legal headquarters from Delaware to Texas. Alan Ohnsman, a senior editor for Forbes, joined CBS News ...
In the weeks leading up to the vote, Tesla’s board said approving the pay package was necessary to keep Musk motivated and prevent him from getting sidetracked by the myriad of other companies he owns. The original compensation package was challenged in 2018 by Tesla shareholder Richard Tornetta...
Both Tesla shareholder resolutions are currently passing by wide margins! ♥️♥️ Thanks for your support!! ♥️♥️pic.twitter.com/udf56VGQdo — Elon Musk (@elonmusk)June 13, 2024 Shareholders will also vote on proposals to move Tesla’s legal home from Delaware to Texas and...
Teslashareholders on Thursday voted to ratify CEOElon Musk'smammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board. At Tesla's annual meeting in Austin, Texas, the vote in support of the ...
“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," Musk tweeted late Tuesday. Musk is by far the largest individual shareholder in both Tesla and Twitt...
The Delaware judge will scrutinise the vote and requireTeslato prove the process was not coerced or improperly influenced by Musk, Professor Quinn said. Image:A general view of the Tesla gigafactory in Austin, Texas, U.S., February 28, 2023 Pic: Reuters ...
Tesla staffers read the email as either a soft hiring freeze, or a signal that Musk is renewing his focus on the car company now that he's named a CEO for Twitter, according to an employee, who asked to remain unnamed in order to speak candidly. ...