Tag: lawsuit
Tesla board chair testifies in Musk compensation lawsuit
Robyn Denholm (Getty Images) WILMINGTON, Del. — The head of Tesla’s board of directors testified Tuesday in a shareholder lawsuit challenging a 2018 compensation plan for CEO Elon Musk potentially worth more than $55 billion that she was less concerned about how much time Musk would commit to the company than in the results
Testimony begins from Tesla board in Elon Musk pay lawsuit
Ira Ehrenpreis WILMINGTON, Del. — Testimony began Monday in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth almost $56 billion. The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by Tesla board members who had
Elon Musk’s $50 billion Tesla pay package is justified, lawyers say in investor lawsuit
Elon Musk in a Tesla Roadster. James Leynse/Corbis via Getty Images Elon Musk’s lawyers say the billionaire’s over $50 billion Tesla compensation plan is justified. Musk faces a trial in November over a lawsuit from an investor regarding his 2018 pay package. The pay plan is structured around Tesla’s performance goals and includes over 100
Parents file lawsuit against e-bike company after daughter’s death
The parents of a 12-year-old California girl who died last year after an accident involving an electric bike, or e-bike, say they want to see change. Kaye and Jonathan Steinsapir, the parents of Molly Steinsapir, have filed a lawsuit against Rad Power Bikes, a Seattle-based e-bike company. According to the lawsuit, filed in Los Angeles