Elon Musk’s $55 Billion Tesla Pay Package Product of ‘Sham Negotiations’, Shareholders Say

Tesla shareholders have argued in a Delaware court that Elon Musk’s pay package, awarded by the company’s board of directors to the CEO and potentially worth more than $55 billion (roughly Rs. 4.5 lakh crore), should be voided because it was dictated by Musk and the product of sham negotiations with directors who were not independent of him.

from Gadgets 360 https://ift.tt/mKfObrq