The Delaware Supreme Court made its ruling in the fight over Tesla CEO Elon Musk’s $55 billion pay package from 2018, reversing the Court of Chancery’s decision and reinstating the pay package. But the Court still penalized Musk $1 plus attorney’s fees due to the award’s unfairness. The ruling is the latest and likely last … Continue reading “Delaware Court reinstates Musk’s $55B pay package, penalizes him $1 instead”
The judge ruling over Elon Musk’s ~$55 billion CEO pay package, which some Tesla shareholders claimed was obtained without following proper governance rules, has decided to reject Tesla’s attempt to reinstate it with a shareholder vote. Delaware Supreme Court could be next. In 2018, Tesla shareholders voted for Elon Musk to get a historic new … Continue reading “Judge shuts down Tesla’s attempt to reinstate Elon Musk’s giant CEO pay package”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Delaware judge on Friday expressed scepticism that a vote by Tesla shareholders would give her grounds to reinstate the record $56bn pay package for Elon Musk that she invalidated earlier this year. During a … Continue reading “Tesla attempt to save Elon Musk’s $56bn pay package gets sceptical reception”
With production of the all-electric Macan now underway in Germany, Porsche is launching two new variants to appeal to a broader customer base. The automaker has introduced a lighter RWD variant and a new dual-motor 4S version with an optional off-road design package. The Macan is a compact luxury SUV that has been a staple … Continue reading “Porsche adds new RWD and 4S variants, off-road package to its electric Macan lineup [Videos]”
