Basically Delaware judge said Elon Musk's $56 Billion Tesla compensation was not right

[CanadianChick]

Basically Delaware judge said Elon Musk's $56 Billion Tesla compensation was not right, this is. huge amount to have to give back if he loses the appeal




https://ca.finance.yahoo.com/news/judge ... 36522.html


"Tom Hals
Tue, January 30, 2024 at 4:46 p.m. GMT-5·5 min read
In this article:

TSLA
-2.24%

By Tom Hals

WILMINGTON (Reuters) -A Delaware judge tossed out Elon Musk's record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders.

Shares of Tesla dropped about 2% in premarket trade, and some investors seized on the ruling in hopes it might prompt Tesla to overhaul its governance.

The Tesla board has been criticized as failing to provide oversight of its combative, headline-making CEO, who has fought regulators and led several other companies at the same time.

The ruling, which can be appealed, nullifies the largest pay package in corporate America. The judge found the share-based compensation was negotiated by directors who appeared beholden to Musk, currently ranked by Forbes magazine as the world's richest person."

[BrasSmonkey]

Basically Delaware judge said Elon Musk's $56 Billion Tesla compensation was not right, this is. huge amount to have to give back if he loses the appeal




https://ca.finance.yahoo.com/news/judge ... 36522.html


"Tom Hals
Tue, January 30, 2024 at 4:46 p.m. GMT-5·5 min read
In this article:

TSLA
-2.24%

By Tom Hals

WILMINGTON (Reuters) -A Delaware judge tossed out Elon Musk's record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders.

Shares of Tesla dropped about 2% in premarket trade, and some investors seized on the ruling in hopes it might prompt Tesla to overhaul its governance.

The Tesla board has been criticized as failing to provide oversight of its combative, headline-making CEO, who has fought regulators and led several other companies at the same time.

The ruling, which can be appealed, nullifies the largest pay package in corporate America. The judge found the share-based compensation was negotiated by directors who appeared beholden to Musk, currently ranked by Forbes magazine as the world's richest person."

how did i miss this? yahoo loves musk... thank u! and hahahaha!!!!!!

[NSWDave]

Has he pissed off thew wrong people or not given enough to the right people in form of charity contributions?

[TheButcher]

Look at this one Musk fights back, good for him.



"Elon Musk says Tesla shareholders will vote ‘immediately’ on quitting Delaware for Texas"

https://www.yahoo.com/finance/news/elon ... 48804.html

[BrasSmonkey]

op you made my day!!!! Elon Musk loses title as world’s richest person

[BrasSmonkey]

Bernard Arnault takes the title

[TightAss]

I can see Elon Musk in his cowboy boots, he'll look cool.

[badkitty]

Elon Musk announced yesterday that he has changed SpaceX from Delaware to Texas

https://www.foxbusiness.com/markets/elo ... ry-package

[LuKenGas]

Elon Musk announced yesterday that he has changed SpaceX from Delaware to Texas

https://www.foxbusiness.com/markets/elo ... ry-package

He does the shit he says he’ll do