Delaware Judge

Dec 3, 2024 | san.com | Delaware Judge |Simone Del Rosario

Simone Del Rosario: Elon Musk lost in court for the second time over his pay compensation. The Tesla CEO failed to convince a Delaware judge to reverse her earlier ruling on his $56 billion pay package. Tesla said in a post on X, “A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth. The court’s decision is wrong, and we’re going to appeal.”The next stop is the Delaware Supreme Court.

Dec 3, 2024 | investors.com | Delaware Judge |Benjamin Pimentel

When Pat Gelsinger was named Intel (INTC) CEO in 2021, the chip giant turned to an outsider who was also seen as an insider, a veteran who could set things right at the struggling tech behemoth and give Intel stock a needed boost. Gelsinger's sudden exit raises a key question: Will Intel look from within its ranks for a new leader? Or will it look outside, perhaps someone who has never been part of the Intel story?

Dec 3, 2024 | newsnetdaily.com | Delaware Judge

Tesla CEO Elon Musk was once again denied a $56 billion payment by Delaware Chancellor Kathaleen McCormick, who previously ruled that the sum should not be paid to Musk. Tesla shareholders voted after initially rejecting Musk’s huge pay package for making several installments tied to the company’s growth to award the money to the CEO. McCormick once again denied the salary. This comes 11 months after the first rejection, which occurred in January.

Dec 2, 2024 | ndtvprofit.com | Delaware Judge

Elon Musk’s record-setting Tesla Inc. pay package was again rejected by a Delaware judge even after shareholders supported reinstating it. Despite the June 13 shareholder vote at the company’s annual meeting, Delaware Chancery Court Judge Kathaleen St. J. McCormick decided to stick with her original finding in January that the company’s board was too much under the influence of the billionaire entrepreneur when it adopted the plan in 2018.

Dec 2, 2024 | biztoc.com | Delaware Judge

A Delaware judge again rejected Tesla's huge 2018 pay deal for CEO Elon Musk. Tesla stock fell modestly late after setting a two-year closing high. The post Elon Musk's $56 Billion Tesla Pay Package Rejected Again By Delaware Judge appeared first on Investor's Business Daily. This story appeared on investors.com, 2024-12-02 22:11:53.