Breaking Kenya News Forum

Topics

Elon Musk’s $55 billion pay package from 2018 Reinstated

Delaware Chancery Court judge Kathaleen McCormick struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company. The Delaware Supreme Court’s ruling overturns that decision and said Friday that the lower court had made an error.Tesla shareholders recently approved an even bigger pay package of up to $1 trillion for Musk if Tesla achieves further sales and growth goals,such as deploying a million robotaxis for commercial use. Tesla did not immediately respond to a request for comments on the fate of the newly approved package now that the 2018 one has been restored. What is your take on Elon Musk’s compensation package ?

Leave a Reply

Your email address will not be published. Required fields are marked *.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>