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why is racl geartech limited (520073) falling ✌️【Wealth Growth】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. 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.

why is racl geartech limited (520073) falling ✌️【Wealth Growth】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. 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.”

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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.

why is racl geartech limited (520073) falling ✌️【Wealth Growth】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. 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.

why is racl geartech limited (520073) falling ✌️【Wealth Growth】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. 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.

why is racl geartech limited (520073) falling ✌️【Wealth Growth】✌️ Expert market analysis and predictions for India, US, and European stocks. Stay updated with real-time data on stock indices, futures, and commodities to help you make informed, timely investment decisions. 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.”

why is racl geartech limited (520073) falling ✌️【Wealth Growth】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. 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.

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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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