Testimony has begun in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion.
Elon Musk arrives at Baron Investment Conference at the Metropolitan Opera House, Nov. 4, 2022, in New York. Attorneys packed a Delaware courtroom Monday, Nov. 14, 2022 as testimony began in a shareholder lawsuit challenging approval by Tesla’s board of directors of a compensation plan potentially worth more than $55 billion for CEO Elon Musk.
WILMINGTON, Del. — Testimony began Monday in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The lawsuit, filed in 2018, also alleges that the shareholder vote to approve that compensation was based on an incomplete and misleading proxy statement.
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