A Tesla shareholder sued the company and Elon Musk over the CEO's 2018 pay package, which was worth around $2.5 billion at the time it was granted.
board after the package was cleared. The suit claimed it was excessive and said authorization by the electric car company's board of directors amounted to a breach of its fiduciary duty.consisted of 101.3 million stock options in 12 milestone-based tranches. The plan said Musk would be paid only if he reached those milestones, which focused on Tesla's market value and operations. Otherwise the CEO would receive nothing.
Tornetta seeks to invalidate the option grant from the 2018 plan, which has netted Musk tens of billions of dollars worth of stock at present value.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk slams Biden’s SOTU after Tesla snub: ‘Nobody is watching’Billionaire Elon Musk couldn’t resist jabbing at President Biden after he omitted any mention of Tesla from the portion of his “State of the Union” address.
Weiterlesen »
Elon Musk Invites UAW to Hold Union Vote at TeslaAfter long resisting such a move, the Tesla chief executive said he was open to the United Auto Workers union holding a vote about organizing labor at the company.
Weiterlesen »
Elon Musk dares autoworkers union: hold a vote at Tesla’s California factoryMusk invites union vote after State of the Union snub
Weiterlesen »
Elon Musk challenges UAW to hold a union vote at Tesla's California factory | EngadgetElon Musk challenges UAW to hold a union vote at Tesla's California factory
Weiterlesen »
Starlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise – Bitcoin NewsSpacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, tech entrepreneur Elon Musk.
Weiterlesen »
Starlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise – Bitcoin NewsSpacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, tech entrepreneur Elon Musk.
Weiterlesen »