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Musk's $56 billion Tesla pay package must be restored as court rules cancellation was too extreme [MSNBC.com]

Tesla, Inc. (TSLA)  More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
In this articlewatch nowVIDEO1:0001:00Elon Musk's 2018 Tesla pay package must be restored, Delaware Supreme Court rulesClosing Bell: Overtime"We reverse the Court of Chancery's rescission remedy and award $1 in nominal damages," the judges wrote in their opinion.In the decision, the Delaware Supreme Court judges said a lower court's decision to cancel Musk's 2018 pay plan was too extreme a remedy and that the lower court did not give Tesla a chance to say what a fair compensation ought to be.The decision on the appeal in this case, known as Tornetta v. Musk, likely ends the yearslong fight over Musk's record-setting compensation.Musk's net worth is currently estimated at around $679.4 billion, according to theForbes Real Time BillionairesDorothy Lund, a professor at Columbia Law School, told CNBC that while the Friday opinion may restore the 2018 pay plan for Musk, it leaves the rest of the lower court's decision unaddressed and intact."The court had previously decided that Musk was a [Read more]
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Stockreport

Musk's $56 billion Tesla pay package must be restored as court rules cancellation was too extreme [MSNBC.com]

Tesla, Inc.  (TSLA) 
More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
In this articlewatch nowVIDEO1:0001:00Elon Musk's 2018 Tesla pay package must be restored, Delaware Supreme Court rulesClosing Bell: Overtime"We reverse the Court of Chancery's rescission remedy and award $1 in nominal damages," the judges wrote in their opinion.In the decision, the Delaware Supreme Court judges said a lower court's decision to cancel Musk's 2018 pay plan was too extreme a remedy and that the lower court did not give Tesla a chance to say what a fair compensation ought to be.The decision on the appeal in this case, known as Tornetta v. Musk, likely ends the yearslong fight over Musk's record-setting compensation.Musk's net worth is currently estimated at around $679.4 billion, according to theForbes Real Time BillionairesDorothy Lund, a professor at Columbia Law School, told CNBC that while the Friday opinion may restore the 2018 pay plan for Musk, it leaves the rest of the lower court's decision unaddressed and intact."The court had previously decided that Musk was a [Read more]
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TSLA
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LAST PRICE AT
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SINCE EVENT
Multi-day stock performance from the time of the news release
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%
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TIME AND VELOCITY ANALYSIS