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grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. 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.

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. 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.

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. 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.”

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. 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.

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Free real-time market data to help you quickly recover and avoid losses. 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.

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. 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.

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. 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.”

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. 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.

grasim industries limited (500300) signs major deal ✌️【Easy Path to Wealth】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. 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.

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