Attorneys representing $Tesla(TSLA.US) and CEO Elon Musk argued in Delaware Supreme Court yesterday that the court should overturn a 2023 Chancery Court decision that rescinded Musk's $50 billion pay package after a judge ruled the pay process didn't fully inform TSLA shareholders and was shaped by board members beholden to Musk. TSLA shareholders twice overwhelmingly approved the 2018 pay package. We expect the DE Supreme Court to overturn the DE Chancery judge’s 2024 ruling. A decision is expected before year-end.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
