Elon Musk’s $50 billion Tesla pay was struck down. What happens next? | International Business News - Times of India

Elon Musk’s $50 billion Tesla pay was struck down. What happens next? | International Business News – Times of India

A landmark decision by Chancellor Kathaleen St. J McCormick of the Delaware Court of Chancery has left Tesla‘s board of directors facing a daunting challenge after she ordered the cancellation of Elon Musk‘s $50 billion stock options. The ruling puts the electric car company in a precarious position as it navigates the aftermath of the…

Read More

Elon Musk denied ‘largest compensation package’ in the history of public markets, here’s why – Times of India

In a rather substantial blow, Elon Musk‘s record-breaking $56 billion compensation package from Tesla was struck down today by a Delaware judge. The ruling upholds a shareholder‘s challenge, declaring the package unfair and exceeding the bounds of corporate governance.The 2018 package, tied to ambitious performance goals, awarded Musk stock options contingent on Tesla achieving significant…

Read More
Bernard Arnault overtakes Elon Musk to become the world’s richest person. Who is he? - Times of India

Bernard Arnault overtakes Elon Musk to become the world’s richest person. Who is he? – Times of India

Bernard Arnaultat the helm of the prestigious LVMHhas reclaimed the title of the world’s wealthiest individual, as Elon Musk‘s fortune dipped by over $18 billion following a significant decline in Tesla‘s stock value last week, erasing about $73 billion from the company’s market valuation.Forbes’ live billionaire tracker indicates that the fortune of Arnault and his…

Read More