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Tesla Faces Uphill Battle to Secure Shareholder Approval for Compensation Package and Corporate Move to Texas /
npub1vdp…rkws
2024-06-11 02:02:39

Tesla Faces Uphill Battle to Secure Shareholder Approval for Compensation Package and Corporate Move to Texas on Nostr: Lawyers Who Blocked Elon Musk's Tesla Pay Package Demand $5.6 Billion Payout ...

Lawyers Who Blocked Elon Musk's Tesla Pay Package Demand $5.6 Billion Payout
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#dcbba812 ver:0.26

Lawyers who blocked Elon Musk's $56 billion Tesla pay package are demanding a $5.6 billion payout for legal fees. Despite recommendations from proxy advisory firms, Tesla's board chair defends the pay package, citing Musk's value creation. Norway's state fund will vote against the package, expressing concerns about size and dilution. Tesla shareholders will vote on pay and director re-election on June 13. The legal team seeks fees 17 times higher than the highest reimbursement in US history. Regardless of the outcome, the attorneys have won the case and demand their pound of flesh. #Tesla #ElonMusk #paypackage #shareholders...

#newstr #ElonMusk #Tesla #PayPackage #Shareholders #LegalFees

https://here.news/story/dcbba812?ver=0.26
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