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Published 1 month ago

Tesla wants shareholders to reinstate $56 billion pay package for Musk rejected by Delaware judge

  • Tesla seeks shareholder approval to reinstate Elon Musk's $56 billion pay package rejected by a Delaware judge and relocate its corporate headquarters to Texas.
  • Chancellor Kathaleen St Jude McCormick's ruling denied Musk's stock compensation due to board influence, deeming the process unfair to stakeholders.
  • Despite the setback, Chairperson Robyn Denholm praised Musk's performance, meeting growth expectations with Tesla stock up 571%.
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