Elon Musk’s $56bn Tesla payment blocked by US court | BBC News

preview_player
Показать описание
A judge in the US state of Delaware has blocked a $55.8bn (£44bn) pay deal awarded to Elon Musk in 2018 by the electric car company Tesla.

The lawsuit was filed by a shareholder who argued that it was an overpayment, and judge Judge Kathaleen McCormick called the compensation "an unfathomable sum".

The pay deal was the biggest ever in corporate history, helping to make Mr Musk one the richest people in the world, and during the trial Tesla directors argued it was made to ensure that one of the world's most dynamic entrepreneurs continued to dedicate his attention to the company.

In a post on X, formerly known as Twitter, Mr Musk wrote: "Never incorporate your company in the state of Delaware".

#Tesla #BBCNews
Рекомендации по теме
Комментарии
Автор

The shareholder that took him to court, only owns 9 tesla shares.

abramswee
Автор

You will think that a big media with business correspondents will dive deep and explain the pay package and the judgment

elnsl
Автор

so any corporation that is incorporated in Deleware can challenge CEO pay....

askbob
Автор

Fun fact, the shareholder owned 7 Tesla stocks.

likhan.ghosh.
Автор

"Should we technically move to texas where we actually are because we were trying to shirk tax responsibilities in the first place but now it's inconveniencing my ability to bleed the company?"
Jesus that tweet was such an admission of so many things

hashbrown
Автор

A contract is a contract. Man earned that cash

_peepyopee
Автор

There goes Delaware's "business-friendly" reputation. And it only took one lawsuit to bring it all down.

DoubleplusUngoodthinkful
Автор

So, it's okay to price gouge anyone but the Shareholders, right?! The almighty shareholders!!!

melparrishjr
Автор

If he leaves moves his corporation from delaware them get ready to pay more taxes. Top 100 companies are all incorporated in Delaware

ParthPatel-lceq
Автор

For context: u can build a canal across a nation or a tunnel under a ocean for far less than that.

jessicaregina
Автор

Guys, you do realise it was performance related stock options and not a big pile of cash, right?

chrisofnottingham
Автор

The problem is, he's already burned 44 billion of it on the Ex-itter purchase. Literally burned.

duckofdeath
Автор

Tesla I stock is up 800% since he was awarded this pay package.

Not sure why or how this is supposedly in any interest of shareholders.

The shareholder who took him to court owns 9 shares…

shimmy
Автор

Where were all these objections when the pay package was originally proposed? The answer is there were none because no one expected him to achieve staggeringly high company valuation needed for the bonus to fall due.

alexfuller
Автор

since late December of last year, the price for tesla stock has dropped about $80 USD.. ouch..

Brian
Автор

Tesla in texas yes!
Yes from a dude that do not like EVs and that is not a tesla shareholder.
Move in Texas NOW!

old-gamer-
Автор

I want all the benefits of being a publicly traded company, but also all the benefits of being a private company I fully own. He has the mentality of someone who grew up owning gem mines under apartheid and thinking that is fair and normal.

PeterSedesse
Автор

The richest person in the world, and the whiniest.

goyasolidar
Автор

I mean isn’t this something the shareholders voted on anyways?

GhostAssault
Автор

LMAO he posts a public vote on twitter about it. Elon you are too much.

hfail