Tesla Investors Sound Off to Judge Who Voided Musk Mega-Pay Plan

Bloomberg03-13

Some shareholders are upset attorneys want $6 billion in stockDelaware judge says she won’t read letters; cites ethics rulesElon MuskThe judge who threw out Tesla Inc. co-founder Elon Musk’s record-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

a4xrbj1
03-13
a4xrbj1
Not writing a letter but both Elon's compensation plan is outrageous as well as what the lawyers are asking for their "work". But show that greed is dominating our world right now
MireyaMiya万亿丰
03-13
MireyaMiya万亿丰
Tsla share price keep going down n down n down n the ceo is not doing anything about it!!!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1191959314?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-13 09:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1191959314","market":"us","top_or_hot":-1,"title":"Tesla Investors Sound Off to Judge Who Voided Musk Mega-Pay Plan","media":"Bloomberg","content":"<div>\n<p>Some shareholders are upset attorneys want $6 billion in stockDelaware judge says she won’t read letters; cites ethics rulesElon MuskThe judge who threw out Tesla Inc. co-founder Elon Musk’s record-...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-03-12/tesla-investors-sound-off-to-judge-who-voided-musk-mega-pay-plan?srnd=homepage-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Investors Sound Off to Judge Who Voided Musk Mega-Pay Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Investors Sound Off to Judge Who Voided Musk Mega-Pay Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-13 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-03-12/tesla-investors-sound-off-to-judge-who-voided-musk-mega-pay-plan?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some shareholders are upset attorneys want $6 billion in stockDelaware judge says she won’t read letters; cites ethics rulesElon MuskThe judge who threw out Tesla Inc. co-founder Elon Musk’s record-...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-03-12/tesla-investors-sound-off-to-judge-who-voided-musk-mega-pay-plan?srnd=homepage-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-03-12/tesla-investors-sound-off-to-judge-who-voided-musk-mega-pay-plan?srnd=homepage-asia","article_id":"1191959314","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191959314","pubTimestamp":1710293400,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Some shareholders are upset attorneys want $6 billion in stockDelaware judge says she won’t read letters; cites ethics rulesElon MuskThe judge who threw out Tesla Inc. co-founder Elon Musk’s record-se","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉投资者发声判断谁取消了马斯克的巨额薪酬计划","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1.1},"content_text":"Some shareholders are upset attorneys want $6 billion in stockDelaware judge says she won’t read letters; cites ethics rulesElon MuskThe judge who threw out Tesla Inc. co-founder Elon Musk’s record-setting $55.8 billion pay package said she’s received “many communications” from investors about the request from the winning lawyers for almost $6 billion in company stock.Delaware Chancery Court Chief Judge Kathaleen St. J. McCormick said she’s not reading the letters. The state judiciary’s ethics code “prohibits me from considering” the letters from non-parties in the litigation “who claim to hold stock in Tesla,” she wrote to lawyers on both sides. She asked the attorneys to recommend a process for handling the letters.In January, McCormick concluded that the compensation plan — the largest ever given to a corporate executive in the US — was excessive and that Tesla’s directors were handcuffed by conflicts of interest when they approved it in 2018. The judge also faulted Tesla’s public disclosure about the pay package.This month, lawyers representing the investor who challenged the pay package, Richard Tornetta, submitted an unusual request to be paid their fees in stock — which they said would ease the burden on company shareholders.That didn’t go over well with some investors, who launched a letter-writing campaign.Shareholder Alexandra Merz urged fellow investors in a post on social media platform X to “send tens of thousands of letters” to McCormick and “describe in your own passionate words in a VERY RESPECTFUL MANNER” how there is no financial benefit from the judge’s ruling striking down the pay package that “could serve as the basis of calculation for plaintiff attorney fees.”“Elon Musk deserves the original compensation package in full,” reads another X post. “On top of that, I was surprised to learn that the lawyers who filed and ‘won’ this Class Action lawsuit demanded a roughly $5.9 billion compensation in Tesla shares, claiming it was to protect Tesla shareholders. Nothing could be further from the truth.”Greg Varallo, a lawyer for Tornetta, declined to comment. Evan Chesler, one of Musk’s attorneys, didn’t immediately respond after regular business hours to an email seeking comment.The case is Tornetta v. Musk, 2018-0408, Delaware Chancery Court (Wilmington).","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":283929967587464,"gmtCreate":1710334862293,"gmtModify":1710334867803,"author":{"id":"4140090365269462","authorId":"4140090365269462","name":"a4xrbj1","avatar":"https://community-static.tradeup.com/news/9d8912bc5b3237f119291ecf0caa4d5a","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"4140090365269462","idStr":"4140090365269462"},"htmlText":"Not writing a letter but both Elon's compensation plan is outrageous as well as what the lawyers are asking for their \"work\".&nbsp; But show that greed is dominating our world right now","listText":"Not writing a letter but both Elon's compensation plan is outrageous as well as what the lawyers are asking for their \"work\".&nbsp; But show that greed is dominating our world right now","text":"Not writing a letter but both Elon's compensation plan is outrageous as well as what the lawyers are asking for their \"work\". But show that greed is dominating our world right now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/283929967587464","repostId":1191959314,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":283674721915024,"gmtCreate":1710295480208,"gmtModify":1710295483893,"author":{"id":"3580082297864003","authorId":"3580082297864003","name":"MireyaMiya万亿丰","avatar":"https://community-static.tradeup.com/news/1124aa19e932df4e4bb55e398ab6f78a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3580082297864003","idStr":"3580082297864003"},"htmlText":"Tsla share price keep going down n down n down n the ceo is not doing anything about it!!!","listText":"Tsla share price keep going down n down n down n the ceo is not doing anything about it!!!","text":"Tsla share price keep going down n down n down n the ceo is not doing anything about it!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/283674721915024","repostId":1191959314,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1191959314"}