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The closing stock price was $182.47 on June 13, 2024 (the date the shareholders voted again on the pay package). Multiplying those two figures gives $55.46 billion, which looks a lot like the $56 ...
Tesla accountants estimate the same package valued at today’s price rather than that of 2018 would cost investors more than $25 billion. This would be on top of the original $2.3 billion of ...
To review: Musk’s all-stock pay package, awarded in 2018, has been embroiled in controversy and was struck down by a Delaware court earlier this year, with the judge finding that Tesla’s board ...
Tesla shareholders have re-approved a pay package for CEO Elon Musk worth billions that was already thrown out by a Delaware judge earlier this year in a vote that also approved moving Tesla to Texas.
While the shareholder vote is a symbol of support for Musk, it might be a moot point.
Reciprocal respect, in this case, is a pay package that dwarfs all pay packages at all other Fortune 500 companies. For example, the highest-paid executive in the U.S. this year was Hock E. Tan ...
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Tesla argues that the costs to shareholders will be significantly greater if the pay package is not reinstated. The company booked a $2.3 billion accounting charge to issue it in 2018.