Tesla revives Musk’s multibillion-dollar pay proposal despite court ruling

Tesla is asking shareholders to again approve a pay package for CEO Elon Musk worth tens of billions of dollars — the same agreement that was“We are coming to you now so you can help fix this issue — which is a matter of fundamental fairness and respect to our CEO,” Robyn Denholm, chair of Tesla’s board, wrote in aTesla argued that giving Musk such a massive compensation deal is justified because he has led the company during a period of “transformative and unprecedented growth.

“On the package which was already approved by shareholders at the time in 2018, this has been an area of contention among some investors but we would expect the 2018 package will be reapproved and the Delaware court ruling would be moot in essence as Tesla will now be moving to Texas,” Ives wrote Wednesday in a note to investors.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Judge dismisses suit against Delaware court officials filed by blind man who was wrongfully evictedA federal judge dismissed a lawsuit filed against court officials by a legally blind man who claimed wrongful eviction from his apartment in Delaware
Source: FoxNews - 🏆 9. / 87 Read more »

Judge dismisses suit against Delaware court officials filed by blind man who was wrongfully evictedA federal judge has dismissed a lawsuit against Delaware court officials filed by a legally blind man who was wrongfully evicted from a Wilmington apartment along with two of his daughters. Chief U.S. District Judge Colm Connolly on Tuesday dismissed William Murphy’s claim that officials violated the Americans with Disabilities Act.
Source: AP - 🏆 728. / 51 Read more »