Tesla wants shareholders to reinstate $56 billion pay package for Musk rejected by Delaware judge ...Middle East

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Tesla wants shareholders to reinstate $56 billion pay package for Musk rejected by Delaware judge
AUSTIN, Texas (AP) — Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric car maker’s corporate home from Delaware to Texas. In a filing with federal regulators earlier today, the company said it would ask shareholders to vote on both issues during its annual meeting on June 13. In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth about $55.8 billion over 10 years starting in 2018. Five years ago, a Tesla shareholder lawsuit alleged that the pay pac

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