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Tesla shareholder’s legal team adjusts demand to $1.44 billion in fees for Musk pay case

Teslarati

The legal team of Tesla shareholder Richard Tornetta, who filed a legal complaint against Elon Musk’s 2018 CEO Performance Award, has adjusted their plaintiff fee request to the Delaware Court. For their work in the case, Tornetta’s legal team argued that they should be granted 29.4 million TSLA shares. million for their work.

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Texas Governor Greg Abbott welcomes Tesla after reincorporation vote passes “Guaranteed Win” mark

Teslarati

Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Don’t hesitate to contact us with news tips.

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Tesla and Elon Musk to appeal $56B pay package decision

Teslarati

Tesla and its CEO Elon Musk have said they will appeal the decision to rescind his $56 billion pay package, as a Delaware Judge ruled last month that the payday was too lucrative and not in the best interest of investors after a shareholder opposed it. Reuters initially reported on the intention of appeal from Musk and Tesla.

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Elon Musk’s $56B Tesla pay package gets no support from Norway wealth fund

Teslarati

The fund acknowledged “the significant value generated under Mr. Musk’s leadership since the grant date in 2018.” The filing included a letter written by Tesla Chairperson Robyn Denholm, who declared that the Tesla Board disagreed with the Delaware Court’s ruling on Musk’s $56 billion pay package. billion grant date fair value.

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Tesla posts final call to investors about 2024 Annual Stockholder Meeting proposals

Teslarati

Tesla also highlighted its stance on Elon Musk’s 2018 CEO Performance Award and the company’s proposed redomestication from Delaware to Texas. However, back in late January 2024, a Delaware judge rescinded Musk’s 2018 CEO Performance Award. Don’t hesitate to contact us with news tips. CT tonight.

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Elon Musk’s Tesla pay package gets voided, Judge rules in favor of shareholder

Teslarati

Elon Musk’s Tesla pay package has been voided by a Delaware Judge after the case was ruled in favor of the plaintiff, a shareholder who challenged the validity of the amount of the payday. Judge Kathaleen McCormick ruled in the Delaware Court of Chancery that Musk’s pay package did not meet the standard of a fair price.

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Tesla investors to vote on Texas incorporation, ratification of Musk’s 2018 comp plan at 2024 annual meeting

Teslarati

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

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