Current location:sport >>
Tesla asks shareholders to reinstate Elon Musk's $55 billion pay package
sport4295People have gathered around
IntroductionDETROIT (AP) — Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO E ...
DETROIT (AP) — Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year, and to move the electric car maker’s corporate home from Delaware to Texas.
In a filing with federal regulators early Wednesday, the company said it would ask shareholders to vote on both issues during its annual meeting on June 13.
In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth about $55.8 billion over 10 years starting in 2018.
Five years ago, a Tesla shareholder lawsuit alleged that the pay package should be voided because it was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Wander news portal”。http://srilanka.fivesixgroup.com/news-03c599434.html
Related articles
Brazil replaces injured goalkeeper Ederson in Copa America squad
sportRIO DE JANEIRO (AP) — Brazil coach Dorival Júnior has replaced injured goalkeeper Ederson with Sao P ...
【sport】
Read moreIsraeli military intelligence chief resigns over failure to prevent Hamas attack
sportTEL AVIV, Israel (AP) — The head of Israeli military intelligence resigned on Monday because of Hama ...
【sport】
Read moreUN's commission on science and technology elects new chair
sportGENEVA, April 20 (Xinhua) -- Gambia's Muhammadou Kah was elected chair of the UN Commission on Scien ...
【sport】
Read more
Popular articles
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Legendary rugby league star Wally Lewis appeals for concussion and CTE awareness support
- Hybrid rice market expands in Asia
- Fish farm develops into tourist hotspot in exploration of modern aquaculture
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- China's new quality agricultural productive forces to be fully developed: report
Latest articles
Red Lobster seeks bankruptcy protection after closing some restaurants
Takeaways from the opening statements in Trump's hush money trial
REVEALED: Larry Ellison son's David, 41, and his bid to buy media giant Paramount
Shipwreck archaeology unveils glory of Maritime Silk Road
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
REVEALED: Larry Ellison son's David, 41, and his bid to buy media giant Paramount
LINKS
- UK PM pledges to halve inflation, boost economy
- Feature: Race against time to find survivors at epicenter of Türkiye's massive earthquakes
- 5G covers all prefecture
- Sudanese army says will help evacuate foreign nationals
- China urges the U.S. to correct its wrongdoing against Chinese students
- Quake death toll surpasses 15,000 in Türkiye, Syria
- China's gross marine product exceeds 9 trillion yuan in 2023
- Feature: Race against time to find survivors at epicenter of Türkiye's massive earthquakes
- Roundup: Ohio derailment leads to long
- Xinhua Special: Fresh Look into President Xi's 2024 New Year Message