Tesla shareholders to vote whether Musk deserves pay package of billions that a judge struck down | CNN Business

New York CNN  — 

Tesla shareholders will vote Thursday at the company’s annual meeting on whether a massive pay package for CEO Elon Musk that was already thrown out by a Delaware judge earlier this year should be restored.

The compensation package, 303 million options to buy Tesla shares at a drastically reduced price, was worth $51 billion when it was voided by a Delaware judge nearly five months ago. The package was worth $46.8 billion as of Wednesday’s market close, due to a steady decline in Tesla share price (TSLA) this year.

In a post

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Unhappy workers may reduce global GDP by as much as 9%, Gallup estimates | CNN Business

New York CNN  —  Employees’ negative daily emotions and lack of well-being can ultimately hurt worker engagement – and...

New US sanctions force end of dollar and euro trading on Russia’s main exchange | CNN Business

New US sanctions against Russia have caused an immediate suspension of trading in dollars and euros on the country’s leading financial marketplace, the Moscow Exchange. ...

US bus company Coach files for bankruptcy to sell its business | CNN Business

Coach USA, the operator of Megabus and other commuter bus lines in the US and Canada, filed for bankruptcy protection in Delaware late Tuesday, seeking to...