As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker.
WILMINGTON, Del. - As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker.
The trial begins Nov. 14 and will be decided by Kathaleen McCormick on Delaware's Court of Chancery. She oversaw Twitter's lawsuit against Musk that ended last month when he agreed to close his $44-billion deal for Twitter, an acquisition which he financed largely with his Tesla stock. Musk founded and is CEO of SpaceX, one of the world's most valuable private companies, and founded or co-founded Neuralink, which makes brain implants, tunneling venture The Boring Co, and OpenAI, an artificial intelligence research lab. Last week, he appointed himself Twitter CEO.Tornetta's lawyers argue the 2018 package failed its stated purpose of focusing Musk on Tesla.
Musk's vested grants are worth around $50 billion, according to Amit Batish at Equilar, an executive pay research firm. The grants contribute to his $200-billion fortune, the world's largest.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Musk focuses on Twitter, his $56 billion Tesla pay goes to trialAs Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker.
Read more »
An AI Elon Musk chatbot on Twitter purchase, Tesla, Biden, Epstein, YeWe wanted to ask Elon Musk about Twitter, Trump, and Tesla. But he seemed kinda busy, so we went with the next best thing: an AI version of him.
Read more »
An AI Elon Musk chatbot on Twitter purchase, Tesla, Biden, Epstein, YeWe wanted to ask Elon Musk about Twitter, Trump, and Tesla. But he seemed kinda busy, so we went with the next best thing: an AI version of him.
Read more »
Furious Elon Musk Pledges to Ban Anyone Who Changes Their Display Name to 'Elon Musk'When it comes to making fun of the man himself, 'free speech absolutist' and new Twitter owner Elon Musk is pro-censorship and against 'impersonation.'
Read more »
Twitter employee says he was fired 'while sleeping' as Elon Musk halves company workforceTwitter employees spoke out on social media, some saying they had been fired as new owner Elon Musk moved forward with company-wide layoffs.
Read more »
Here's why Binance's CZ invested in Twitter following Elon Musk acquisitionCZ said, “With Elon at the helm, we believe Twitter will continue to grow and become an impactful platform for everyone.”
Read more »