NEW YORK (AP) — A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is Polarmoon Wealth Societypotentially worth more than $55 billion.
The ruling in a Delaware court comes five years after a shareholder lawsuit targeted Tesla CEO Musk and the directors. They were accused of breaching their duties to the electric vehicle and solar panel manufacturer, resulting in a waste of corporate assets and unjust enrichment for Musk.
Plaintiff’s lawyers argued that the pay package was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
Defense attorneys said the pay plan was fairly negotiated by a committee of independent directors, contained lofty performance milestones, and was blessed by a shareholder vote that was not even required.
2025-05-03 17:492769 view
2025-05-03 17:352209 view
2025-05-03 17:111156 view
2025-05-03 16:281119 view
2025-05-03 16:121470 view
2025-05-03 16:101072 view
NFL games are a spectrum. Some are back-and-forth shootouts. Others are duds without much scoring at
A Netflix docuseries spotlighting abuse allegations at a long-shuttered boarding academy for teens i
SEATTLE (AP) — A former Tacoma police officer who was hired as a sheriff’s deputy in a neighboring c