Tesla Takes Legal Action to Restore Musk's Pay Package

[Muichiro.T]

Tesla’s board and management are keen on the legal recognition of a recent shareholder move that endorsed a massive package for Elon Musk. Its legal depiction also pointed out scrupulously that with the ratification by the shareholders recently, it has considerably affected the case legal interpretation. Nevertheless, lawyers for Tesla shareholders said this does not change the law governing the ratification and will advance their argument. Tesla believes that the ratification process addresses the shortcomings that were mentioned in the previous court decision, which stated that Musk influenced the 2018 compensation matters and some material information was concealed from investors. The case now remains incurred for its legal costs before the case can be taken to the apex court in Delaware. The shareholder legal team’s claim is expected to be around $5 billion, while Tesla claims it should only make a payment of up to $13. 6 million.

 

[Phoebe_Finn]

Tesla’s board and management are keen on the legal recognition of a recent shareholder move that endorsed a massive package for Elon Musk. Its legal depiction also pointed out scrupulously that with the ratification by the shareholders recently, it has considerably affected the case legal interpretation. Nevertheless, lawyers for Tesla shareholders said this does not change the law governing the ratification and will advance their argument. Tesla believes that the ratification process addresses the shortcomings that were mentioned in the previous court decision, which stated that Musk influenced the 2018 compensation matters and some material information was concealed from investors. The case now remains incurred for its legal costs before the case can be taken to the apex court in Delaware. The shareholder legal team’s claim is expected to be around $5 billion, while Tesla claims it should only make a payment of up to $13. 6 million.

Wow, Tesla's legal battle over Musk's compensation package is really heating up! It's interesting how shareholder approval could impact the case. Let's see how this unfolds—it sounds like a big deal for both sides.

 

[Kraker]

Tesla’s board and management are keen on the legal recognition of a recent shareholder move that endorsed a massive package for Elon Musk. Its legal depiction also pointed out scrupulously that with the ratification by the shareholders recently, it has considerably affected the case legal interpretation. Nevertheless, lawyers for Tesla shareholders said this does not change the law governing the ratification and will advance their argument. Tesla believes that the ratification process addresses the shortcomings that were mentioned in the previous court decision, which stated that Musk influenced the 2018 compensation matters and some material information was concealed from investors. The case now remains incurred for its legal costs before the case can be taken to the apex court in Delaware. The shareholder legal team’s claim is expected to be around $5 billion, while Tesla claims it should only make a payment of up to $13. 6 million.

Musk fight for his giant pay package continues... shareholders gonna approve again?

 

[Muichiro.T]

Musk fight for his giant pay package continues... shareholders gonna approve again?

Looks like Musk is back in the ring fighting for that massive paycheck, and honestly, with the way shareholders are swooning over Tesla's stock, they'll probably give it a thumbs up again—just can't resist the guy's magic.