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-0.000310269934843267 0.000103423311614461 0.00217188954390322 0.000310269934843384 -0.00177888095976824 -0.00124107973937318 -0.00109628710311299 -0.000517116558072189
Stock impact report

Elon Musk's 2018 Tesla pay package musk be restored, Delaware supreme court rules [CNBC]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: CNBC
In this article Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk 's 2018 CEO pay package from Tesla , worth some $56 billion when it vested, must be restored, the Delaware Supreme Court ruled Friday. The decision likely ends the years-long fight over Musk's record-setting compensation. Musk's 2018 CEO pay package from Tesla, comprised of 12 milestone-based tranches of stock, was unprecedented at the time it was proposed. After it was granted, the pay plan made Musk the wealthiest individual in the world. A shareholder named Richard J. Tornetta sued, filing a derivative action in 2018, accusing Musk and the Tesla board of a breach of their fiduciary duties. Delaware's business-specialized Court of Chancery decided in January 2024 that the pay plan was improperly granted and ordered it to be rescinded. In her decision, Chancellor Kathalee Show less Read more
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