NEW YORK (AP) — A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is GravityX Exchangepotentially worth more than $55 billion.
The ruling in a Delaware court comes five years after a shareholder lawsuit targeted Tesla CEO Musk and the directors. They were accused of breaching their duties to the electric vehicle and solar panel manufacturer, resulting in a waste of corporate assets and unjust enrichment for Musk.
Plaintiff’s lawyers argued that the pay package was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
Defense attorneys said the pay plan was fairly negotiated by a committee of independent directors, contained lofty performance milestones, and was blessed by a shareholder vote that was not even required.
2025-05-08 08:081500 view
2025-05-08 07:521206 view
2025-05-08 06:522194 view
2025-05-08 06:491463 view
2025-05-08 05:501231 view
2025-05-08 05:501068 view
ROME and LONDON -- The conclave to replace Pope Francis will begin Wednesday, May 7, the Vatican sai
One person was killed and multiple people were injured when a boat struck the Clearwater Ferry in Cl
After Luigi Mangionemade the difficult decision to undergo spinal surgery last year for chronic back