Tesla to Seek Shareholder Re-Approval for Elon Musk's Massive Pay Package
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Delaware court in nullified compensation deal based on carmaker’s market value in January, calling it ‘unfathomable sum’Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018. A Delaware judge rejected the pay package in January, calling it excessive and saying the company’s board failed to justify it.The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650bn...
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Tesla asks shareholders to back $56 billion pay deal for Elon Musk rejected by judge
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