Elon Musk pay package at Tesla challenged in court
https://apnews.com/0e34385b554305c66c7956e204447ac4
WILMINGTON, Del. (AP) — Testimony began Monday in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion.
The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by Tesla board members who had conflicts interest due to personal and professional ties to Musk.
Elon Musk pay package at Tesla challenged in court
Nov 14, 2022, 5:21pm UTC
https://apnews.com/0e34385b554305c66c7956e204447ac4
> WILMINGTON, Del. (AP) — Testimony began Monday in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion.
> The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by Tesla board members who had conflicts interest due to personal and professional ties to Musk.