Tesla board explores new pay deal for Elon Musk: Report

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Tesla‘s board has formed a special committee to explore CEO Elon Musk‘s pay, which could lead to him being offered a fresh package of stock options, the Financial Times reported on Wednesday.

The two-member committee comprises Tesla board Chair Robyn Denholm and independent board member Kathleen Wilson-Thompson, the newspaper reported, citing several people familiar with the matter.

In March, Musk kicked off an appeal to try to restore his $56 billion payday from Tesla, claiming a lower court judge made multiple legal errors in rescinding the record…



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Tesla board explores new pay deal for Elon Musk: Report


Tesla‘s board has formed a special committee to explore CEO Elon Musk‘s pay, which could lead to him being offered a fresh package of stock options, the Financial Times reported on Wednesday.

The two-member committee comprises Tesla board Chair Robyn Denholm and independent board member Kathleen Wilson-Thompson, the newspaper reported, citing several people familiar with the matter.

In March, Musk kicked off an appeal to try to restore his $56 billion payday from Tesla, claiming a lower court judge made multiple legal errors in rescinding the record…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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