Delaware Supreme Court Restores Elon Musks $55 Billion Tesla Pay Deal

Date:

Elon Musk, chief executive officer of SpaceX and Tesla, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes/ReutersThe Delaware Supreme Court has reinstated a $55 billion compensation package for Tesla CEO Elon Musk, reversing a lower court’s decision that ruled the 2018 deal unfair to shareholders.The ruling, issued Friday, highlighted numerous errors in the earlier judgment and awarded Tesla nominal damages of $1.

spot_imgspot_imgspot_img

Share post:

More like this
Related

FBI Task Force Targeting Transnational Repression Across US: Patel

WASHINGTON—Multiple criminal networks involved in transnational repression on U.S....

Taiwans Han Kuang Drills Focus on Chinas Gray-Zone Tactics, Blockade Threat

Taiwan launched its largest annual Han Kuang military exercises...

Hybrid and SUV Interest Reaches New Highs

Interest in hybrid and SUV vehicles among Americans hit...

Strait of Hormuz Will Stay Closed Unless US Agrees to List of Demands, Iran Says

A vessel in the Strait of Hormuz, as seen...