Tesla Showdown: Shareholder's Legal Team Demands $1.44 Billion Fee for Musk Pay Case
Podcast: Elon Musk PodcastPublished On: Mon Jun 24 2024
Description: In a heated legal battle, Tesla shareholder Richard Tornetta's legal team has made a bold demand for $1.44 billion in fees after successfully challenging Elon Musk’s controversial 2018 CEO Performance Award. Initially seeking over $5 billion, the legal team now proposes an adjusted hourly rate of $73,948. Tesla fiercely contests this claim, arguing for a far lower payout. As the Delaware Court of Chancery prepares to rule, this case spotlights the high stakes and intense conflicts over executive compensation and corporate governance.
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