Robyn Denholm, Tesla’s Australian-born chair, is seeking to reverse a judge’s ruling regarding Elon Musk’s $56 billion pay package.
, as they try to convince Tesla shareholders to reinstate Musk’s $US56 billion pay packet, after the package was kicked into touch by
“Neither the compensation committee nor the board acted in the best interests of the company when negotiating Musk’s compensation plan. There is barely any evidence of negotiations at all,” McCormick’s judgment said.“Rather than negotiate against Musk with the mindset of a third party, the compensation committee worked alongside him, almost as an advisory body,” the judge found.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Watershed moment’ for Tesla as Elon Musk’s visit to China reaps quick rewardDeal to use mapping data from web search giant Baidu is a major step towards launching driver assistance tech in world’s biggest car market
Read more »
‘Watershed moment’ for Tesla as Elon Musk’s visit to China reaps quick rewardDeal to use mapping data from web search giant Baidu is a major step towards launching driver assistance tech in world’s biggest car market
Read more »
Elon Musk visits China as Tesla seeks self-driving technology rolloutTesla CEO Elon Musk visits Beijing on an unannounced trip, where he is expected to discuss the rollout of the company's Full Self-Driving software, according to a person with knowledge of the matter.
Read more »
Elon Musk sells the Tesla dream but is light on detailOn the car maker’s results call this week, the numbers were bad but the words were dreamy. Perhaps too dreamy.
Read more »
Elon Musk postpones India trip, citing ‘heavy obligations’ at TeslaCEO was due to meet Narendra Modi but carmaker is likely to report worst performance in seven years
Read more »
Aussie seething over disgusting wife slur as war of words erupts after lossAussie seething over disgusting wife slur as war of words erupts after loss
Read more »