Elon Musk슬롯사이트™s 슬롯사이트˜USD 56 Billion슬롯사이트� Pay Package Is Unfair and Deeply Flawed; Tesla Board Need To Come Up With New Pay Proposal, Says Report
The decision, issued in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that Musk can슬롯사이트™t keep the 2018 compensation package. In her ruling, McCormick wrote that Tesla 슬롯사이트œbore the burden of proving that the compensation plan was fair, and they failed to meet their burden.슬롯사이트�
San Francisco, January 31: A US judge has ruled that Elon Musk슬롯사이트™s $56 billion pay package is unfair and the Tesla board will need to come up with a new pay proposal. The decision, issued in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that Musk can슬롯사이트™t keep the 2018 compensation package. In her ruling, McCormick wrote that Tesla 슬롯사이트œbore the burden of proving that the compensation plan was fair, and they failed to meet their burden.슬롯사이트�
슬롯사이트œNever incorporate your company in the state of Delaware,슬롯사이트� Musk posted on X after the ruling. He later posted a poll asking whether Tesla should change its state of incorporation to Texas. 슬롯사이트œShould Tesla change its state of incorporation to Texas, home of its physical headquarters?슬롯사이트� according to the poll.슬롯 머신 사이트 추천Microsoft Registers 슬롯사이트˜USD 62 Billion슬롯사이트� in Revenue and 슬롯사이트˜USD 21.9 Billion슬롯사이트� in Net Income During Quarter Ended on December 31, Acquiring Gaming Company Activision Blizzard Pays Off.
The compensation plan approved by shareholders in 2018 consisted of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares. Under the agreement, the options vested in 12 increments if Tesla hit specific milestones on market cap, revenue and adjusted earnings (excluding certain one-time charges such as stock compensation).슬롯 머신 사이트 추천Taylor Swift AI Pictures: X Lifts Ban on Searches for American Singer Following Spread of Explicit and Digitally Fake Images.
In her ruling, McCormick described the process leading to the approval of Musk슬롯사이트™s compensation plan as 슬롯사이트œdeeply flawed슬롯사이트�. 슬롯사이트œThe process for coming up with Elon's comp plan wasn't independent because Elon controlled the Board and the directors who approved the plan weren't truly independent. Further, the shareholders who approved the comp plan weren't made aware of this controlled relationship. Hence, the $55.8 billion comp plan is voided,슬롯사이트� she wrote.
(The above story first appeared on LatestLY on Jan 31, 2024 11:40 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).