The trial over Elon Musk's R1 trillion pay package could be decided today | Business Insider

Share

In the lawsuit, Tornetta argues that Musk and the automaker breached their fiduciary duties by awarding Musk a pay package that was "beyond the bounds of reasonable judgment." The shareholder also argued in the initial lawsuit that it was a conflict-of-interest that Musk was able to design his own pay package, alleging the funds have enabled Musk to focus on other companies without requiring the Tesla CEO to work at the electric-car maker full time.

Musk does not receive a salary from Tesla and his pay package centers on a series of goalposts around the carmaker's financial growth which was set in place about four years ago. Specifically, the plan involves a 10-year grant of 12 tranches of stock options, which are vested when Tesla hits certain targets.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Steinhoff to pay R3.9 billion to settle lawsuit by Austrian ex-business partner | BusinessRetailer Steinhoff says it has reached a full and final settlement of €202.12 million (roughly R3.9 billion) with an Austrian company linked to a former business partner. | News24_Business _Business Business partners getting a payout before the SA public, must be nice. But people still on here complaining about the Guptas 👀
Source: News24 - 🏆 4. / 80 Read more »

Four-day week here to stay, say UK firms in world's largest trial | BusinessBritish companies trialling a four-day working week have mostly decided to stick with it after a six-month pilot in what campaigners for better work-life balance view as a breakthrough. | News24_Business _Business That is why they import unemployment from China and India...
Source: News24 - 🏆 4. / 80 Read more »

Elon Musk wants Tesla to be the biggest car company ever by 2030. Experts say there's no way. | Business InsiderMusk thinks Tesla can sell 20 million cars in 2030. That's the equivalent of Toyota and Volkswagen combined.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

KZN infrastructure repairs ‘underfunded’, says businessInfrastructure was badly damaged in floods that hit the province in 2022 With sincerity and gratitude in my heart I am sharing this testimony so other people will know that this platform is really legitimate am grateful Randy_Fxhelps BS they stealing the money as fast as they receive it. Yes they spend a portion on the intended project but the restores into officials and politicians pockets
Source: BDliveSA - 🏆 12. / 63 Read more »