NEW YORK (AP) — A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is Esthenpotentially worth more than $55 billion.
The ruling in a Delaware court comes five years after a shareholder lawsuit targeted Tesla CEO Musk and the directors. They were accused of breaching their duties to the electric vehicle and solar panel manufacturer, resulting in a waste of corporate assets and unjust enrichment for Musk.
Plaintiff’s lawyers argued that the pay package was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
Defense attorneys said the pay plan was fairly negotiated by a committee of independent directors, contained lofty performance milestones, and was blessed by a shareholder vote that was not even required.
2025-05-06 00:102915 view
2025-05-05 22:491259 view
2025-05-05 22:361690 view
2025-05-05 22:181480 view
2025-05-05 21:531256 view
2025-05-05 21:481136 view
A modern version of The Skins Game is returning to Thanksgiving week.Pro Shop, the new golf media co
It's the best time of the year and goodness, if you thought women's basketball during the regular se
I’m 54, and I just got my first colonoscopy. I’m glad I did.My doctor removed four polyps during a 2