Tuesday, October 14, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > Tesla turns back to shareholders to approve $56B payout for Musk

Tesla turns back to shareholders to approve $56B payout for Musk

in News
The problems with Tesla
Share on LinkedinShare on WhatsApp

Earlier this year, a Delaware judge voided a $56 billion pay package for CEO Elon Musk on the grounds that because he effectively controlled the board, the payout was unfair to stakeholders. Now, Musk’s company Tesla is requesting that shareholders re-approve the payout and move company headquarters to Texas.

The pay package was first approved in 2018 and will now go back to shareholders on June 13’s annual meeting. However, with falling sales, tumbling stock prices and slowing EV demand, another authorization is less of a sure thing this time.

Board Chair Robyn Denholm said Wednesday in a letter to shareholders that Musk fulfilled his obligations, with Tesla achieving the stock value and operational targets approved in the 2018 package. Tesla plans to appeal the decision.

“Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years that has helped to generate significant growth and stockholder value,” said Denholm. “That strikes us—and the many stockholders from whom we already have heard—as fundamentally unfair, and inconsistent with the will of the stockholders who voted for it.”

Tags: CEO NorthamElectric vehiclesElon MuskRobyn DenholmTesla

Related Posts

CEO Jamie Dimon reports strong Q2 performance across all JPMorgan business lines
News

Jamie Dimon announces $1.5 Trillion security and resiliency initiative

Trade balances in China and the US are largely driven by domestic macro forces 
News

China calls for U.S. to withdraw 100% tariff threat

Brookfield and Bloom Energy announce $5 billion AI infrastructure partnership
News

Brookfield and Bloom Energy announce $5 billion AI infrastructure partnership

Levi Strauss taps Michelle Gass as new CEO
News

Levi Strauss raises full-year profit forecast

Bessent narrows down Fed chair contenders to five
News

Bessent narrows down Fed chair contenders to five

Qualcomm to ax 1200 California staffers
News

Qualcomm stock drops as China opens antitrust probe

Taiwanese chipmaking giant TSMC to invest $100 billion in U.S.
News

TSMC revenue jumps 30% in Q3

Ferrari unveils 2030 strategic plan
News

Ferrari unveils 2030 strategic plan

Disney hires PepsiCo CFO as new finance chief
News

PepsiCo announces Steve Schmitt as CFO

Constellation Brands cites challenging socioeconomic environment for lowered outlook
News

Constellation Brands cites challenging socioeconomic environment for lowered outlook

No Result
View All Result

Recent Posts

  • How US-China trade rivalry became a trigger for innovation
  • Jamie Dimon announces $1.5 Trillion security and resiliency initiative
  • China calls for U.S. to withdraw 100% tariff threat
  • Brookfield and Bloom Energy announce $5 billion AI infrastructure partnership
  • Nobel Prize in economics awarded to Mokyr, Aghion and Howitt for explaining ‘innovation-driven’ growth

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.