Elon Musk has won his Tesla pay battle, securing approval for his 2018 Compensation Plan from Tesla shareholders on June 13. 72% of disinterested voting shares ratified the plan. The approval by Tesla's minority shareholders is now leading to a legal battle in the Delaware Court of Chancery, where arguments are expected to focus on whether shareholders were coerced into voting for the package.
This week on Elon, Inc., we discuss tumult at the top of X and how Musk’s obsession with birth rates evokes some troubling issues https://t.co/R5RKR1jOlM via @BW
Now that the Tesla minority shareholders have overwhelmingly approved the Musk pay package the Court invalidated, look for the argument to shift to how the shareholders were coerced to vote yes because otherwise Elon would steal Tesla's stuff and abscond into the night with it.
New filing by Tesla in Delaware Court of Chancery “There is no dispute that Tesla’s stockholders on June 13 voted to ratify Musk’s 2018 Compensation Plan by a convincing margin of 72% of disinterested voting shares. As much as he tries, Plaintiff cannot ignore that sobering… https://t.co/uaHZrCklrm
Elon Musk has had inappropriate relationships with SpaceX employees. Tesla shareholders knew that, and chose to reward him with a massive payday anyway. @wsj's @joe_palazzolo and @Verge’s @andyjayhawk explain. https://t.co/5uQOqk1iod
Elon Musk won his Tesla pay battle. Now he has to win his legal war. https://t.co/SPEcZW8hz3 by @alexiskweed