A Delaware judge today rejected Elon Musk's bid to reinstate a Tesla pay package that was worth over $50 billion at the beginning of 2024 and has now crossed $100 billion based on Tesla's latest share price. The judge also ordered Tesla to pay $345 million in attorneys' fees to the plaintiff's counsel, who had sought $5.6 billion in fees. Delaware Court of Chancery Judge Kathaleen McCormick, who voided the pay plan in January, said today that a June 2024 shareholder vote re-approving the 2018 pay plan is not a compelling reason to reverse the original ruling.

BING NEWS:
  • Tesla CEO Elon Musk loses bid to reinstate $56 Billion pay package
    A Delaware judge upholds decision voiding Elon Musk’s 2018 $56 billion pay package, with Tesla planning to appeal.
    12/2/2024 - 12:52 pm | View Link
  • Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
    Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted.The package, worth ...
    12/2/2024 - 11:44 am | View Link
  • Elon Musk Loses Bid To Get $56 Billion Tesla Pay Package Restored
    A Delaware judge ruled on Monday (December 2) that Tesla CEO Elon Musk is not entitled to a $56 billion compensation package, despite a vote by the electric vehicle company's shareholders to reinstate ...
    12/2/2024 - 9:44 am | View Link
  • Elon Musk request to reinstate his $56 billion Tesla pay package is rejected by judge
    Elon Musk was seeking to reinstate a massive 2018 Tesla pay package after shareholders had reapproved it, but a judge denied his request.
    12/2/2024 - 9:06 am | View Link
  • Elon Musk’s net worth surges past $300B as Tesla’s market value crosses $1 trillion
    Elon Musk’s backing of President-elect Donald Trump has paid off handsomely as his net worth surged past the $300 billion mark on Friday — much of it due to Tesla’s market capitalization ...
    11/8/2024 - 8:31 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News