Opening-day testimony in the trial over Elon Musk‘s multibillion-dollar pay package at Tesla centered on the CEO’s role in determining his own compensation
WILMINGTON, Del.—Opening-day testimony in the trial over Elon Musk‘sat Tesla Inc. centered on the CEO’s role in determining his own compensation..
A Tesla shareholder, Richard Tornetta, is seeking to nullify Mr. Musk’s 2018 compensation grant, alleging that Mr. Musk controlled the board’s consideration of his pay package and failed to disclose crucial information to shareholders, who signed off on it. The package is worth around $51 billion at recent share prices.
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