Elon Musk attends the 10th Annual Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13 in Los Angeles. Photo by Axelle/Bauer-Griffin/FilmMagic, where it has already moved its corporate headquarters. Musk has said he believes the company will be treated more favorably there.But McCormick ruled that he "enjoyed thick ties with the directors tasked with negotiating on behalf of Tesla, and dominated the process" that formulated the compensation plan.
"That strikes us — and the many stockholders from whom we already have heard — as fundamentally unfair, and inconsistent with the will of the stockholders who voted for it." She hailed Musk for leading Tesla to new heights and said he deserves the original compensation deal: "The Board stands behind this pay package."Wedbush Securities analyst Dan Ives wrote Wednesday: "We would expect the 2018 package will be reapproved and the Delaware court ruling would be moot in essence as Tesla will now be moving to Texas."Share on facebook
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla will ask shareholders to reinstate voided $56 billion stock grant for Elon MuskTesla plans to ask shareholders to reinstate CEO Elon Musk’s $56 billion pay package from 2018 after a Delaware court voided the record-setting stock…
Source: nbcsandiego - 🏆 524. / 51 Read more »
Tesla seeks to reinstate Elon Musk $56 billion pay deal in shareholder voteTesla CEO Elon Musk’s $56 billion pay package will go to another shareholder vote in June, after a Delaware court voided it as excessive.
Source: nbcchicago - 🏆 545. / 51 Read more »
Tesla asks shareholders to vote again on Musk's $56 billion payoutTesla CEO Elon Musk’s $56 billion pay package will go to another shareholder vote in June, after a Delaware court voided it as excessive.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Gisele Bündchen’s Cool-Girl Sneakers Are $250, but I Found 7 Lookalikes From $56Gisele Bündchen wore Vince’s Oasis sneakers to the airport. I found her exact style at Nordstrom for $250, plus seven lookalike white sneakers, including styles from Adidas, Cariuma, Veja, and more.
Source: InStyle - 🏆 103. / 63 Read more »
Microsoft Office for Windows dips to $56 for a limited timePolice Chief Troy Finner denounces the use of a code associated with old cases, promising to work through each incident report. Progress report reveals DNA matches in suspended sexual assault investigations.
Source: KPRC2 - 🏆 80. / 68 Read more »
Microsoft Office for Windows dips to $56 for a limited timeTaking care of your heart sounds like a no-brainer, but most people only think about their heart health once symptoms start to show. Advanced Body Scan of Houston offers a quick, non-invasive, simple scan with no discomfort. And because patients have the ability to work directly with a medical provider, there are no extra hoops to jump through. Watch as Lauren Kelly chats with founder Steve Marler to learn more about how early detection with this 5-minute scan could help save your life
Source: KPRC2 - 🏆 80. / 68 Read more »