Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it 'significantly...
WILMINGTON, Delaware - Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk 's record compensation, telling a Delaware judge that it "significantly impacts" her ruling voiding the pay, according to a letter made public on Monday.
Tesla has said the ratification process was "novel" and it was unclear if McCormick and the Delaware Supreme Court would accept the result. A special committee of its board reviewed the pay package and determine it was in the best interest of shareholders, which Tesla said fixed the problem of Musk's dominance in the process.
The shareholder's attorneys are seeking around $5 billion, in the form of Tesla stock as a legal fee and Tesla argued they should be paid around $13.6 million. Retiring to Florida has been the dream for generations of Americans, thanks to the state's beautiful beaches, tropical weather, cultural diversity and endless variations of unique regional cultures...
Tesla Stock Delaware Supreme Court Legal Recognition Kathaleen Mccormick Ratification Process Tesla Legal Interpretations Pay
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Shareholders Sue Musk in Delaware While They Still CanElon Musk’s bid to leave Delaware, the state of corporate litigation, is drawing a flurry of lawsuits from Tesla Inc. shareholders before the company escapes to Texas.
Read more »
Judge assured that Tesla won't contest Musk pay ruling outside DelawareExplore stories from Atlantic Canada.
Read more »
Judge assured that Tesla won't contest Musk pay ruling outside DelawareThe Delaware judge who voided Elon Musk's record Tesla pay package told the parties in the case that she felt assured by the electric vehicle maker that it...
Read more »
How Elon Musk's $44.9B Tesla pay package compares with other CEOsEven though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk's record-setting Tesla compensation dwarfs them by comparison.
Read more »
Don't bet against Elon Musk: Dan Ives talks $1T Tesla callAfter Tesla (TSLA) shareholders voted on Thursday to approve CEO Elon Musk's pay package — valued at over $46 billion based on today's stock price — will the...
Read more »
Tesla CEO Elon Musk wins back historic pay packageTesla (TSLA) shares are rising after shareholders voted to approve CEO Elon Musk's pay package. Yahoo Finance's Pras Subramanian reports more on the vote and...
Read more »