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The Latest Breaking News from Kathaleen McCormick

CEOs losing pay are still really rich

Top execs are paid mostly through stock incentives, and their pay has ballooned far beyond their workers' earnings

Salon

Tesla Stock: Delaware Court Ruling On Elon Musk Pay Could 'Test' Bullish Conviction

Tesla stock has been on a tear, but the Delaware court decision on Chief Executive Elon Musk's pay package could curb enthusiasm.

Investors Business Daily

The lawyers who took on Tesla and Elon Musk wanted $5.6 billion for winning the case. In a lawsuit about excessive pay, ‘That was a bold ask,’ said the judge.

The fee would have been 17 times the size of the largest fee in Delaware history.

Fortune

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The 4 ‘fatal flaws’ in Tesla’s bid to award Elon Musk $100 billion, according to the judge who dashed his pay

Defendants who lose at trial can’t just “hit reset” with a new stockholder vote, the chancellor concluded.

Fortune

Musk’s legal battle for his $56bn goes on. Tesla’s board still looks supine

The craven stance of Tesla’s board should not be lost in the legal back-and-forth

The Guardian - UK

Elon Musk loses $56B pay package again

The pay plan, now worth over $100 billion, was the largest proposed for any public CEO in U.S. history

Salon

Elon Musk Will Not Get A $100 Billion Pay Package For Christmas

Remember Elon Musk's $56 billion payday? I know what you're thinking: not this news again. But, yes, this news again—Musk's multi-billion-dollar pay package is once again a topic of debate. More than five months after it fell off the news cycle, things aren't looking great for ol' Elon despite the…

InsideEVs

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Tesla fumes over Delaware judge’s final ruling to block paying Elon Musk ‘what he’s worth’

After Elon Musk’s CEO pay package, currently worth over $100 billion in stock, was struck down once more, Tesla will argue its case before the state’s supreme court.

Fortune

Elon Musk’s $56bn Tesla pay package rejected again by US judge

Kathaleen McCormick in Delaware rules Musk not entitled to vast sum despite Tesla shareholders voting to reinstate it

The Guardian - US

Musk $55.8 Bn Tesla Pay Deal Again Rejected By US Judge

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote.

International Business Times

Elon Musk $56B Pay Package Rejected By Judge Again: Tesla Analyst Says 'Soap Opera Playing Out In Delaware'

The saga over a 2018 pay package for Elon Musk valued at $56 billion makes headlines again with a Delaware judge again rejecting the plan.

Benzinga

Analysts reset Tesla stock outlooks after Musk’s $56 billion win

'Hot damn, I love you guys,' Musk told investors after they overwhelmingly approved a controversial $55.8 billion pay deal.

The Street

Elon Musk’s $45bn Tesla pay package not a done deal, say legal experts

Although shareholders have backed chief executive’s remuneration deal, doubts remain over whether he will be able to access share-based package

The Guardian - US

Shareholders Approve Elon's $56B Pay But He Won't Get The Money Just Yet - Here's Why

Tesla shareholders approved Musk's $45 billion pay, but legal disputes linger. Judge's ruling on board independence and fairness unresolved.

International Business Times UK

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news in one place.

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International Business Times

Tesla Shareholders Back Huge Payout For CEO Musk, Company Says

Legal experts say that Thursday's vote does not automatically mean Musk will receive the payout, but that the win could strengthen Tesla's appeal of the Delaware ruling. Tesla shares rose 0.7 percent in after-hours trading.

Al Jazeera

‘I love you guys!’: Elon Musk lands $44.9bn pay deal after Tesla vote

Musk hails ‘awesome shareholder base’ after vote to restore compensation deal rejected by US judge.

The Guardian - UK

US producer prices slide as inflationary pressures ease; UK housing market weakens – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - US

Should Tesla pay Elon Musk $45bn? The shareholders will decide

CEO claims he is winning investor votes by ‘wide margins’ but it is unclear if court will allow restoration of payout

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The Guardian - UK

Is the Tesla board in charge of a public company or the Elon Musk fan club?

If Musk is awarded an astronomic $56bn pay award for a second time, it will amount to an astonishing lack of self-reflection

The Guardian - US

Tesla shareholder criticizes Elon Musk’s ‘ridiculous’ $56bn pay deal ahead of vote

Chris Ailman, chief of one of the largest pension funds in the US, says he will vote against package

The Street

Tesla analyst offers blunt warning on Elon Musk pay package vote

This is what could happen next to Tesla shares.

Crikey

Memo to Greg Combet: vote the Future Fund’s $110m Tesla shares against Musk’s latest pay scam

The government is currently fighting Elon Musk in the courts. But there might be another way to take the billionaire down a peg.

International Business Times UK

Investors Left Hanging As Tesla Board Remains Mum After Elon Musk Pay Debacle

According to legal experts, Elon Musk's team will likely appeal the ruling at the Delaware state Supreme Court.

WEKU

Elon Musk is synonymous with Tesla. Is that good or bad for shareholders?

"Musk is Tesla and Tesla is Musk," one analyst wrote in a recent note. Musk's reign has catapulted the car company to enormous success. But it also carries serious risks, a judge recently concluded.

International Business Times UK

Elon Musk Left Furious After US Court Cancels Billion Dollar Tesla Pay-Out

The financial compensation package, consisting of $55.8 billion, was dubbed "an unfathomable sum" by Chancery Court Chief Judge Kathaleen McCormick.

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