The pay package, now worth around $101 billion (approx. $A155 billion) based on Tesla's closing share price Monday, is made up of 303 million Tesla stock options.
The pay package, now worth around $101 billion based on Tesla's closing share price Monday, is made up of 303 million Tesla stock options.
Musk's attorneys attempted to reverse McCormick's January decision after the 2018 pay package was re-approved by 84 per cent of shares not held by Musk or his brother, Kimbal Musk, in June.View Gallery McCormick agreed with the argument that the board is too close to Tesla's CEO, noting that even Musk admitted that he only "negotiated against himself" regarding his own compensation.
"Instead, the Board capitulated to Musk's terms and then failed to prove that those terms were entirely fair."The Tesla boss bet big on Donald Trump's election campaign this year.
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