Tesla shareholder seeks Delaware judge to halt Musk's pay package move to Texas.
Tesla shareholder Richard Tornetta has asked a Delaware judge to block Elon Musk from moving the corporate dispute over his $56bn pay package to Texas. Delaware Chancery Judge Kathaleen St. J. McCormick previously ruled Musk's pay package had issues due to director conflicts and lack of proper disclosure. Tesla plans to file a proxy request for shareholder approval to move its headquarters to Texas and reinstate Musk's pay package.
April 24, 2024
6 Articles