21Oct
Electricity in the Air: Court Decides that Stockholder Ratification Not Enough to Insulate Tesla CEO’s $55.8 Billion Compensation Package from Entire Fairness Review
The Delaware Chancery Court rejected an attempt by Tesla’s Board of Directors to dismiss a challenge to CEO Elon Musk’s “extraordinary” 2018 compensation package. Because Musk is also Tesla’s controlling stockholder, the Court ruled that his...
By:
Dechert LLP
Source Url: https://www.jdsupra.com/legalnews/electricity-in-the-air-court-decides-42367/
Related
Report on Supply Chain Compliance 2, no. 20 (October 24, 2019) - When the United States Customs and...
Read More >
Westchester County employers will soon need to provide paid safe time leave to employees who are the...
Read More >
Seyfarth Synopsis: California’s ban-the-box law strictly regulates how employers may obtain and con...
Read More >
Two Japanese corporations each agreed to pay $2.5 million to settle Federal Trade Commission (“FTC”...
Read More >
Ford announced major cuts to its European workforce yesterday, announcing that it would reduce its o...
Read More >
Apple tipped the $2 trillion mark this week, the first U.S. company to reach that valuation mileston...
Read More >