An Interest In:
Web News this Week
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
- April 12, 2024
- April 11, 2024
Some of Our Sources
View All Sources
April 17, 2024 01:05 pm
Original Link: https://www.theverge.com/2024/4/17/24132827/tesla-elon-musk-pay-package-shareholder-vote-delaware
Tesla is putting Elon Musks pay package up for another vote after a judge voided the first one
Tesla is asking shareholders to vote for a second time on Elon Musk’s massive compensation package, after a Delaware judge voided the first one earlier this year on the grounds that the approval process was “deeply flawed.”
Tesla shareholders approved the package in 2018, which gave Musk incentive to hit specific milestones, including a market valuation of $650 billion, which was more than 10 times Tesla’s value at the time.
In a proxy statement filed today, Tesla’s board recommends that shareholders simply re-ratify the 2018 pay package in order to address concerns raised by the court ruling — rather than negotiate a new proposal with Musk that could end up costing Tesla even more money.
Original Link: https://www.theverge.com/2024/4/17/24132827/tesla-elon-musk-pay-package-shareholder-vote-delaware
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge