Get the latest tech news
Tesla is putting Elon Musk’s pay package up for another vote after a judge voided the first one
Tesla says the court “second-guessed” shareholders.
Tesla is asking shareholders to vote for a second time on Elon Musk’s massive compensation package, after a Delaware judge voided the first one earlier this year on the grounds that the approval process was “deeply flawed.” After the judge voided the compensation package, Musk posted on X, “Never incorporate your company in the state of Delaware.” The vote to re-ratify will come during Tesla’s annual shareholder meeting on June 13th. The company is also asking shareholders to approve moving Tesla’s state of incorporation to Texas from Delaware and to reelect two board members, James Murdoch and Musk’s brother, Kimbal.
Or read this on The Verge
