埃隆·马斯克面临审判

$特斯拉(TSLA)$ Electric carmaker Tesla Inc (NASDAQ: TSLA) and CEO Elon Musk are facing a trial over the latter’s 2018 pay package that was at the time worth $2.5 billion, CNBC reported on Wednesday, citing filings first published by legal transparency database PlainSite.

from social media

What Happened: Tesla shareholder Richard J. Tornetta had sued Musk and Tesla after the package was cleared, alleging it was excessive and that the board had breached its fiduciary duty by authorizing it, according to CNBC.

Musk already owned 20% of Tesla when the plan was approved in 2018. The payout plan included 101.3 million stock options (adjusted for the 5-for-1 stock split in 2020) in a total of 12 milestone-based tranches.

The plan also entitled Musk to receive $55 billion in compensation if he managed to lead Tesla to a market capitalization of $650 billion within a decade and hits revenue and earnings targets.

Tesla breached the $1 trillion market cap last year, boosting Musk’s net worth and making him the world’s richest person.

Source: CNBC

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.

Report

Comment

  • Top
  • Latest