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The Latest Breaking News from Kathaleen McCormick

Elon Musk retains title as the highest-paid CEO in history with $26 billion pay package—and the only thing he has to do is show up for two years

The lack of performance targets in Musk’s massive new pay package has some investors crying foul.

Fortune

Tesla Fights to Revive Elon Musk's £45 Billion Payday as Court Ruling Sparks Legal Showdown

A Delaware court invalidated Elon Musk's £45 billion pay deal. But, a new Tesla special committee could reconsider it.

International Business Times UK

Elon Musk Argues Tesla Pay Cut Was 'Unfair,' Appeals Court Ruling

Elon Musk appeals a court ruling that rescinded his $56 billion Tesla pay package, arguing the decision was unfair and legally flawed.

International Business Times

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Elon Musk pay package: Can Tesla law firm change Delaware law?

With help from famed former judge Leo Strine, Delaware lawmakers have raced to propose a bill friendlier to controlling stockholders as the state scrambles to protect its $2 billion legal economy.

Fortune

Tesla board that gave itself nearly $1 billion in excess compensation must now return money

Tesla directors settled a nearly five-year-long legal dispute that represents the latest critique of the board’s lax governance under Robyn Denholm.

Fortune

CEOs losing pay are still really rich

Top execs are paid mostly through stock incentives, and their pay has ballooned far beyond their workers' earnings

Salon

Tesla Stock: Delaware Court Ruling On Elon Musk Pay Could 'Test' Bullish Conviction

Tesla stock has been on a tear, but the Delaware court decision on Chief Executive Elon Musk's pay package could curb enthusiasm.

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The lawyers who took on Tesla and Elon Musk wanted $5.6 billion for winning the case. In a lawsuit about excessive pay, ‘That was a bold ask,’ said the judge.

The fee would have been 17 times the size of the largest fee in Delaware history.

Fortune

The 4 ‘fatal flaws’ in Tesla’s bid to award Elon Musk $100 billion, according to the judge who dashed his pay

Defendants who lose at trial can’t just “hit reset” with a new stockholder vote, the chancellor concluded.

Fortune

Musk’s legal battle for his $56bn goes on. Tesla’s board still looks supine

The craven stance of Tesla’s board should not be lost in the legal back-and-forth

The Guardian - UK

Elon Musk loses $56B pay package again

The pay plan, now worth over $100 billion, was the largest proposed for any public CEO in U.S. history

Salon

Elon Musk Will Not Get A $100 Billion Pay Package For Christmas

Remember Elon Musk's $56 billion payday? I know what you're thinking: not this news again. But, yes, this news again—Musk's multi-billion-dollar pay package is once again a topic of debate. More than five months after it fell off the news cycle, things aren't looking great for ol' Elon despite the…

InsideEVs

Tesla fumes over Delaware judge’s final ruling to block paying Elon Musk ‘what he’s worth’

After Elon Musk’s CEO pay package, currently worth over $100 billion in stock, was struck down once more, Tesla will argue its case before the state’s supreme court.

Fortune

Elon Musk’s $56bn Tesla pay package rejected again by US judge

Kathaleen McCormick in Delaware rules Musk not entitled to vast sum despite Tesla shareholders voting to reinstate it

The Guardian - US

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International Business Times

Musk $55.8 Bn Tesla Pay Deal Again Rejected By US Judge

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote.

Benzinga

Elon Musk $56B Pay Package Rejected By Judge Again: Tesla Analyst Says 'Soap Opera Playing Out In Delaware'

The saga over a 2018 pay package for Elon Musk valued at $56 billion makes headlines again with a Delaware judge again rejecting the plan.

The Guardian - US

Elon Musk’s $45bn Tesla pay package not a done deal, say legal experts

Although shareholders have backed chief executive’s remuneration deal, doubts remain over whether he will be able to access share-based package

International Business Times UK

Shareholders Approve Elon's $56B Pay But He Won't Get The Money Just Yet - Here's Why

Tesla shareholders approved Musk's $45 billion pay, but legal disputes linger. Judge's ruling on board independence and fairness unresolved.

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news in one place.

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International Business Times

Tesla Shareholders Back Huge Payout For CEO Musk, Company Says

Legal experts say that Thursday's vote does not automatically mean Musk will receive the payout, but that the win could strengthen Tesla's appeal of the Delaware ruling. Tesla shares rose 0.7 percent in after-hours trading.

Al Jazeera

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote

Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge.

The Guardian - UK

US producer prices slide as inflationary pressures ease; UK housing market weakens – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - US

Should Tesla pay Elon Musk $45bn? The shareholders will decide

CEO claims he is winning investor votes by ‘wide margins’ but it is unclear if court will allow restoration of payout

The Guardian - UK

Is the Tesla board in charge of a public company or the Elon Musk fan club?

If Musk is awarded an astronomic $56bn pay award for a second time, it will amount to an astonishing lack of self-reflection

The Guardian - US

Tesla shareholder criticizes Elon Musk’s ‘ridiculous’ $56bn pay deal ahead of vote

Chris Ailman, chief of one of the largest pension funds in the US, says he will vote against package

International Business Times UK

Investors Left Hanging As Tesla Board Remains Mum After Elon Musk Pay Debacle

According to legal experts, Elon Musk's team will likely appeal the ruling at the Delaware state Supreme Court.

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