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Tesla Faces Uphill Battle to Secure Shareholder Approval for Compensation Package and Corporate Move to Texas /
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2024-06-11 02:00:40

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 in 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 ratifying the package, expressing concerns about its size and structure. Tesla shareholders will vote on the pay package and other proposals on June 13. Meanwhile, Tesla is seeking approval for its relocation to Texas. The legal team is demanding fees 17 times higher than the highest reimbursement in US history. A hearing is scheduled for July 8 to approve or deny the fees. #Tesla #ElonMusk #paypackage #shareholders...

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

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