Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Cross Pendant Necklace Buy Now
Hanes EcoSmart Fleece Hoodie Buy Now
Extreme Motion Jean Buy Now
Spray Screen Cleaner Kit with Microfiber Cloth Buy Now
Men's Blazer Casual Sport Coats Buy Now
Calvin Klein Bella Crossbody Buy Now
Short-Sleeve Pocket T-Shirt Buy Now
Mens Fashion Henley Shirt Classic Buy Now
Smart Watch for Men (Answer/Make Calls) Buy Now
Nate Chrono Watch Buy Now
Touchstone Hollywood Glamour crystals jewelry Buy Now
Genuine Leather Dress Designer Belts for men Buy Now
Motorized Rotating Display Stand for Jewelry Buy Now
Timex Women's Crisscross Watch Buy Now
2-Piece Women's Sweatsuit Buy Now
Women's Chiffon Blouse Buy Now
Bomber Jacket: Lightweight, Stylish for Spring/Fall Buy Now
BALEAF Fleece-Lined Winter Leggings Buy Now
Women's Floral Button-Down Shirt Buy Now
Dream Coat Anti-Humidity Spray Buy Now
MoreBack to News Headlines
Tesla shareholders to vote whether Musk deserves pay package of billions that a judge struck down

Tesla shareholders to vote whether Musk deserves pay package of billions that a judge struck down

CNN
Thursday, June 13, 2024 10:24 AM GMT

Tesla shareholders will vote Thursday at the company’s annual meeting on whether a massive pay package for CEO Elon Musk that was already thrown out by a Delaware judge earlier this year should be restored.

Tesla shareholders will vote Thursday at the company’s annual meeting on whether a massive pay package for CEO Elon Musk that was already thrown out by a Delaware judge earlier this year should be restored. The compensation package, 303 million options to buy Tesla shares at a drastically reduced price, was worth $51 billion when it was voided by a Delaware judge nearly five months ago. The package was worth $46.8 billion as of Wednesday’s market close, due to a steady decline in Tesla share price (TSLA) this year. In a post on X on Wednesday, Musk said that shareholders were voting “by wide margins” in favor of reinstating his massive pay package. Tesla did not respond to a request for comment on his post. Tesla’s board says that if the shareholders don’t approve the pay package, the company won’t get the attention it needs from Musk as it faces several challenges: Tesla’s stock price has slid by more than half from its peak as a trillion-dollar company in late 2021, its sales have fallen short of forecasts and its profits are squeezed by a global price war for EVs that Musk started himself. The shareholders approved the original compensation package back in 2018, with 73% voting in favor. But Delaware Chancery Court Chancellor Kathaleen McCormick in January ruled in favor of shareholders who challenged the package. She wrote the process that Tesla board used to award the package was “deeply flawed” and that Musk and the board had failed to meet “the burden of proving that the compensation plan was fair.” She criticized the board for being too close to the controversial CEO to represent the interests of shareholders, writing that the board committee that came up with the package included Antonio Gracias, a personal friend of Musk’s who often took family vacations with the Tesla CEO, as well as Todd Maron, “Musk’s former divorce attorney and whose admiration for Musk moved him to tears during his deposition.”

Read full story on CNN
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
3 ways Trump trying to fire Powell could backfire

If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.

What will happen to PBS and NPR stations once they lose federal funding?

Public media stations are on the verge of losing the federal funding that has helped keep them on the air for decades. Here’s what that would look like.

A top Fed official, considered a candidate to replace Powell, keeps calling for a rate cut this month

A

CBS is ending ‘The Late Show with Stephen Colbert’ next year

In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, potentially exiting the late-night television business altogether.

US safety commissioners blast Trump appointee’s delay of ruling on water beads

Water beads have long been criticized for being dangerous, even fatal, for kids. Now two members of a government watchdog are tearing into a decision by the acting chair of the body to delay a final ruling on the toys.

Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration

Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the head of the central bank of mismanaging an “ostentatious overhaul” of its Washington, DC, headquarters.

Top oversight Democrat sends letter to Fox News demanding answers on edits to Trump’s 2024 Epstein comments

Top Democrats on the oversight committee say Fox presented Trump’s comments about the so-called Epstein files in a way that both misled the public and distorted his position.

Trump’s victory over PBS and NPR ‘bias’ will be ‘devastating’ for rural areas, station leaders say

Public TV stations will be “forced to make hard decisions in the weeks and months ahead,” PBS CEO Paula Kerger said Thursday, after the Senate approved a bill canceling all the federal funding for the network.

Trump’s plan to cut off Russian oil funds could raise prices for everyone

US President Donald Trump is trying again to end the war in Ukraine – not by targeting Russia, but by hitting the countries that buy Russia’s oil.

Retail sales jumped more than expected last month

Americans are still opening their wallets, even as President Donald Trump’s tariffs start to take a bite.

Copper prices have surged to record highs — and they could jump higher. Here’s why

Global stock markets have largely shrugged off President Donald Trump’s renewed tariff campaign. In commodities markets, however, tariff threats have sent the price of copper soaring to all-time highs — signaling the potential for higher tariff-induced prices for a metal with critical uses across the US economy.

Trump may have broken Wall Street

This past April, when President Donald Trump started flirting with the notion of firing Fed Chair Jerome Powell, stocks and the dollar tumbled because investors worried that even talking about such a move crossed a red line. You can’t even joke about that, the Wall Street intellectuals told us — the central bank’s independence is simply too important.

China puts new restrictions on EV battery technology in latest move to consolidate dominance

China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
China bans Wells Fargo banker from leaving the country

An Atlanta-based banker working for Wells Fargo has been prevented from leaving China, the latest incident that threatens to amplify concerns among Western executives about the potential consequences of visiting the world’s second-biggest economy.

NATO has promised a spending blitz. Can its European members afford it?

The defense alliance of 32 countries is planning to invest billions in its security over the coming decade. But it’s a splurge that some European NATO members, saddled with huge debt burdens, can ill-afford.

Jeffrey Epstein-related books and TV shows have exploded amid Trump’s case-closed claims

A sudden resurgence of interest in the late convicted sex offender, and unanswered questions about his crimes, has been measurable this month in book sales, Netflix streams and YouTube searches.

This Massachusetts man became a millionaire twice in one night – thanks to a lucky lottery mistake

One lucky Massachusetts man bought two winning lottery tickets at two different stores, earning him a $2 million payday.

‘Superman’ continues to soar at the box office

Warner Bros. Pictures’ “Superman” flew past the competition for the second straight week, grossing $57.25 million at the weekend box office.

New tax law increases big beyond-the-grave tax break for the wealthy

The US federal estate tax has come a long way since 2000, when the exemption level was set at $675,000.

Trump says Powell is costing the US a fortune by not lowering rates. But firing the Fed chair may not fix the issue

As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest rates.

Inside CBS’ ‘agonizing decision’ to cancel Colbert’s top-rated late-night show

While “The Late Show” host Stephen Colbert was on his usual mid-summer vacation earlier this month, CBS executives weighed the pros and cons of canceling the unique but unfortunately unprofitable show.

Trump vows to sue Rupert Murdoch over WSJ’s Epstein birthday letter report

The president said he personally told the Fox Corp mogul the story was a ”scam” and warned him not to print it. “But he did, and now I’m going to sue his ass off,” Trump wrote on Truth Social.

Chevron’s megadeal for Hess gets approval after winning legal battle with Exxon

Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Meta apologizes after auto-translation mistakenly announces Indian state chief minister’s death

Tech giant Meta has apologized and said it has fixed an auto-translation issue that led one of its social media platforms to mistakenly announce the death of Indian politician Siddaramaiah.

How Home Depot became a magnet for day laborers and a target for ICE

Home Depot has a fraught, decades-long connection to immigrant day laborers.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us