Tesla asks shareholders to approve Texas move and restore Elon Musk’s $56B pay
by Ars Technica
Ars Technica— Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
Breitbart—Tesla to Seek Shareholder Re-Approval for Elon Musk's Massive Pay Package. Tesla is set to ask its shareholders to once again vote on approving the controversial 2018 pay package for CEO Elon Musk, which was recently thrown out by a Delaware judge.
The Guardian—Tesla asks shareholders to back $56bn pay for Elon Musk rejected by judge. Delaware court in nullified compensation deal based on carmaker’s market value in January, calling it ‘unfathomable sum’Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018. A Delaware judge rejected the pay package in January, calling it excessive and saying the company’s board failed to justify it.The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650bn...
Zero Hedge—Tesla Attorneys Target Shareholder Trying To Stop Moving Musk's Pay Fight To Texas. Tesla Attorneys Target Shareholder Trying To Stop Moving Musk's Pay Fight To Texas Richard Tornetta, who was at the center of Tesla shareholders' claim that Elon Musk was taking an excessive pay package, is now at the center of claims that Tesla should not be reincorporating to Texas to approve Musk's voided pay plan. But Tesla is firing back at Tornetta. John Reed, one of Tesla’s attorneys, said in a Delaware Chancery Court filing this week that Tornetta "is raising false...