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Re-vote on Elon Musk s pay could expose Tesla to even more legal trouble

Tesla is likely in for some fresh legal entanglements after recommending stockholders vote to reinstate Elon Musk’s compensation package.

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How Businesses Can Attract Government Spending

The published version of Forbes’ CEO newsletter delivers the latest news for today s and tomorrow s business leaders and decision makers, delivered to inboxes Sundays.

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Analysis-Tesla tries legal Band-Aid to revive Musk s huge pay deal

Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said. The electric vehicle maker on Wednesday proposed putting Musk's 2018 pay deal to a shareholder vote, even though a Delaware judge voided it in January. Tesla is using a little-known section of Delaware's corporate law that lets companies fix procedural defects that would otherwise nullify their boardroom decisions.

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Elon Musk s Tesla could face dark days as earnings loom after layoffs

Elon Musk s Tesla could face dark days as earnings loom after layoffs
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Tesla asks shareholders to restore Elon Musk s $56bn pay deal | Automotive Industry

Tesla asks shareholders to restore Elon Musk s $56bn pay deal | Automotive Industry
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