Cyprusauction|Tesla will ask shareholders to reinstate Musk pay package rejected by Delaware judge

2025-05-07 09:58:21source:SignalHub Quantitative Think Tank Centercategory:Scams

AUSTIN,Cyprusauction Texas (AP) — Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas.

In a filing with federal regulators early Wednesday, the company said it would ask shareholders to vote on both issues during its annual meeting in June.

In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion.

Musk said a month later that he would try to move Tesla’s corporate listing to Texas, where he has already moved company headquarters.

Almost immediately after the judge’s ruling, Musk did exactly that with Neuralink, his brain implant company, moving the company’s corporate home from Delaware to Nevada.

More:Scams

Recommend

'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean

In just a few weeks, the highly anticipated second season of Korean television series "Squid Game" w

Amanda Knox Gives Birth, Welcomes Baby No. 2 With Husband Christopher Robinson

Amanda Knox is officially a mother of two.The exoneree and her husband, poet Christopher Robinson, r

Associated Press correspondent Roland Prinz, who spent decades covering Europe, dies at age 85

VIENNA (AP) — Roland Prinz, who was born as armies began marching across central Europe then spent n