Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
Elon Musk's pay package granted in 2018 was the largest compensation plan in U.S. history for a public company executive.
Summary
A Delaware judge upheld her earlier decision to void Elon Musk’s $56 billion Tesla CEO pay package, ruling it was improperly granted due to Musk’s control over Tesla and flawed board negotiations.
Tesla’s attempt to overturn the ruling through a shareholder vote was rejected, with the judge warning against revising judgments with new facts post-trial.
Musk called the ruling “absolute corruption” and plans to appeal.
Meanwhile, Musk’s net worth has surged, driven by Tesla’s stock jump following optimism about his alignment with Trump’s policies.
You're viewing a single thread.
I just leave one quote here:
According to the Department of Housing and Urban Development, it would cost $20 billion to end homelessness in the United States.
Here is a fun fact, if every church housed 2 homeless people, there would be no homeless in America.
As if a church would give a damn about the needy.
Excellent comment. I donated to Coalition for the Homeless in your name.
Hey thank you, I feel honored!