web analytics

Tesla and Musk fail to convince a judge to reinstate the CEO’s compensation package worth more than $50 billion

This post was originally published on this site

E

lon Musk will not receive a compensation package worth more than $50 billion after a Delaware judge on Monday affirmed her earlier ruling that rescinded the pay Tesla had awarded its chief executive officer, the New York Times reported.I

n January, the judge, Chancellor Kathaleen St. J. McCormick, struck down the award, stating that shareholders hadn’t been adequately informed of the package’s details and that some board members were not sufficiently indep

endent.Lawyers for Tesla and Musk said the package could be reinstated after it was approved in a shareholder vote in June. “The pay, in the form of stock options, was

Read Full Story

See also  How to handle political conversations at work
,

Get the Latest HR Headlines

* indicates required

HR NEWS MARKETPLACE


»Convert More Candidates with Dalia


»Hire Quality Talent Faster with FastTalent


»Diversity and Inclusion Job Board


»RecTech PR Newswire


»Job Board Directory


»Recruiting Newsletters


»HR Tech News


»HR Freelancers


»Jobs with Relocation Assistance


»Diversity Hiring News


»Recruiter Ebooks