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technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite beingapproved by Tesla shareholdersat a June meeting.

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. It had been previouslythrown out in January by the same judge, Delaware Chancery Court Chancellor Kathaleen McCormick. The package was worth around $56 billion at the time the judge threw out the package.

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. At the time, McCormick ruled in favor of the main shareholder in the suitwho challenged the package, arguing that Musk and the Tesla board “bore the burden of proving that the compensation plan was fair, and they failed to meet their burden.”

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. Musk’s attorneys attempted to reverse McCormick’s January decision after the 2018 pay package was re-approved by 84% of shares not held by Musk or his brother, Kimbal Musk, in June.

But on Monday, that motion was denied. McCormick said that although the package wasonce again ratified by a majority of shareholders, that didn’t mean Musk’s record-breaking payday was in shareholders’ best interests.

“The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law,” McCormick wrote in a scathing opinion.

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. Musk is not paid a cash salary or bonus for working at Tesla. Rather, Musk, one of the world’s richest people, makes his money through lucrative packages of stock options that allow him to purchase millions of Tesla shares for a fraction of their market price.

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. McCormick agreed with the argumentthat the board is too close to Tesla’s CEO, noting that even Musk admitted that he only “negotiated against himself” regarding his own compensation.

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Free real-time market data to help you quickly recover and avoid losses. McCormick wrote in her opinion that while Musk is entitled to some form of compensation, the ultimate award was not fair to shareholders.

“There were undoubtedly a range of healthy amounts that the Board could have decided to pay Musk,” she wrote. “Instead, the Board capitulated to Musk’s terms and then failed to prove that those terms were entirely fair.”

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. At the time of the June shareholder vote, Tesla’s board argued that it needed to keep Musk’s pay package in place to keep the CEO fully engaged in running the company. Musk also holds leadership positions at SpaceX, Neuralink, the Boring Company and X.

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. Musk’s attention has recently been pulledtoward Washington, as well. He bet big in the 2024 presidential election, donating millions of dollars to Donald Trump’s campaign and joining him on the trail.

Earlier this month, Trump tapped Musk and former Republican presidential candidate Vivek Ramaswamy to lead the newly formed Department of Government Efficiency,known as DOGE, in the incoming administration. The group will be focused on slashing the federal budget as well as axing government regulations and staffing.

technical analysis: vikalp securities limited (531334) ✌️【Expert Guidance】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Market Trend Analysis 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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