Tesla shareholders approved Elon Musk's $56 billion pay package on funny college threesome sex videoThursday during its annual shareholders meeting.
This Tweet is currently unavailable. It might be loading or has been removed.
The results were met by cheers from the shareholders who were in attendance.
In 2018, Tesla agreedto pay Musk the multi-billion dollar performance-based payout provided that the company was worth $56 billion in a 10-year period. However, a Tesla shareholder filed a lawsuit against the company over the enormous payout and a Delaware courtruled against Musk, throwing out the payment package plan in January.
Chancellor Kathaleen McCormick found that Tesla's board of directors basically just agreed to Musk's own proposal regarding his pay, "the largest potential compensation plan in the history of public markets," and violated their obligations to Tesla's shareholders in the process.
Furthermore, McCormick also found that shareholders had been misinformed and mislead regarding a number of factors around Musk's pay package.
This substantial compensation package might have still stood if Tesla's board could prove it was fair, or alternatively that most of the minority shareholders were "fully informed" when they approved it. However, the court also found that not only had shareholders not been fully informed, they had actually been misinformed about key factors in the decision making process.
Musk lashed out at the decision at the time.
This Tweet is currently unavailable. It might be loading or has been removed.
"Never incorporate your company in the state of Delaware," Musk postedon X in January followingthe Delaware court shooting down his pay package. "I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters."
Tesla shareholders also approved the redomestication of Tesla from Delaware to Texas at the meeting.
Tesla has had a difficult 2024. The company had to issue a recalland production halt for its new Cybertruck after a design flaw was discovered which resulted in some drivers' acceleration pedals getting stuck while accelerating. In addition, facing a slow downin EV car sales and poor quarterly results, Tesla laid offroughly 10 percent of its entire workforce.
The day before the annual shareholders meeting, where voting will continue on shareholder resolutions, including Musk's pay package, Musk claimedon X that voting was already going in his favor.
This Tweet is currently unavailable. It might be loading or has been removed.
"Both Tesla shareholder resolutions are currently passing by wide margins!" said Musk. "Thanks for your support!!"
Topics Electric Vehicles Tesla Elon Musk
ADL to Sponsor Talk on Asians in Media
Microsoft delays Surface Earbuds until 'Spring 2020'
Baby Yoda has inspired some freaking adorable memes
Huawei launches its own iPad Pro, calls it MatePad Pro
‘Heart Song’ Extended to Aug. 25
'Watchmen' Episode 6: Nothing to explain but lots to say
The 5 most important takeaways from 'The Mandalorian' Episode 3
Facebook created a facial
Valley JCC Obon Set for June 22
13 gifts for people who love to sleep
Latest Amerasia Journal Focuses on Asian American Folklore and Offers Insight on Richard Aoki
Baby Yoda toys and other merchandise will arrive in time for Christmas
Watch the new 'Star Wars: The Rise of Skywalker' clip: They fly now.
Google announces stricter rules for political ad targeting
Latest Amerasia Journal Focuses on Asian American Folklore and Offers Insight on Richard Aoki
Robots at Amazon warehouses linked to more serious workplace injury
Elon Musk's Cybertruck window
It didn't take long for Disney+ passwords to be stolen
Celebration of Life for Bob Suzuki at Cal Poly Pomona
News anchor gets trolled after sending a company
A Singapore teenager created a Prezi for Trump, because presentations are the worstThe next frontier in wearables is helping couples conceive4 incredibly backward, WTF quotes from Trump's attorney general nominee10 Tech Products That Are Next to Impossible to RepairFake news has gotten so bad Obama had to weigh inHillary Clinton in first speech since conceding says: 'Never, ever give up'People can't stop lining up their faces with money and it's kind of greatDonald Trump's pressDavid Blaine freaks out Drake and Steph Curry in his new specialMike Pence tries to end the 'Hamilton' drama while Trump stokes the flames Shop Beats headphones and speakers up to 55% off at Amazon Google is going nuclear for AI Best Fire TV Stick and Xbox controller bundle deal: Save 45% The best robot vacuum deals to shop post Prime Day Best Amazon deals of the day: Sony ULT Wear, AirPods 4, Audible memberships, and more Elon Musk responds to Jeff Bezos' Blue Origin defense with a petty tweet 20 extraordinary microscopic photographs that peer beneath the surface Best soundbar deal: Save $625 on JBL Bar 9.1 Soundbar System SpaceX Inspiration4 video has stunning orbit views and a floating alien cameo Best MagSafe charger deal: Get the 25W MagSafe charger for just $29 at Amazon.
0.1436s , 14340.1171875 kb
Copyright © 2025 Powered by 【funny college threesome sex video】Tesla shareholders vote to give Elon Musk a $56 billion pay package after a court shot it down,Feature Flash
