Tesla Directors Settle Shareholder Claims for $735 Million in Landmark Lawsuit, Agree to Compensation Revisions

Tesla Directors Settle Shareholder Claims for $735 Million in Landmark Lawsuit, Agree to Compensation Revisions

Upworthy

Published

Elon Musk and other directors were accused of granting excessive compensation of 11 million stock options over three years. Tesla's directors have agreed to settle claims from shareholders of excessive overpayment and will return $735 million to the company, according to a court filing in Delaware…

#elonmusk #tesla #delaware #cityof #detroit #kimbalmusk #oracle #larryellison #courtofchancery #elonmuskaccused

Full Article