Venus Investment Alliance|Tesla will ask shareholders to reinstate Musk pay package rejected by Delaware judge

2025-05-04 10:39:03source:Robert Browncategory:Scams

AUSTIN,Venus Investment Alliance 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

South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment

SEOUL — South Korea's acting president, Han Duck-soo, moved on Sunday (Dec 15) to reassure the count

Amazon CEO says company will lay off more than 18,000 workers

Amazon is laying off 18,000 employees, the tech giant said Wednesday, representing the single larges

The attack on Brazil's Congress was stoked by social media — and by Trump allies

Long before Sunday's shocking attack on Brazil's Congress and other government buildings, warning si