Tesla now spends ad money to influence shareholders approval of Elon Musk’s $55B payday
Baua Electric
MAY 13, 2024
Instead, Tesla claimed that the plan was negotiated by “independent board members” when it was found that some board directors had personal financial dealings with Musk outside of Tesla, amongst other things. The Delaware court found that this invalidated the vote, and therefore, Tesla had to rescind the compensation plan.
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