vimarsana.com

Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said. The electric vehicle maker on Wednesday proposed putting Musk's 2018 pay deal to a shareholder vote, even though a Delaware judge voided it in January. Tesla is using a little-known section of Delaware's corporate law that lets companies fix procedural defects that would otherwise nullify their boardroom decisions.

Related Keywords

Widener University ,Delaware ,United States ,Ann Lipton ,Tom Hals ,Eric Talley ,Elon Musk ,Kathaleen Mccormick ,Larry Hamermesh ,Kathleen Wilson Thompson ,Jody Godoy ,Amy Stevens ,Delaware Supreme Court ,Columbia Law School ,Tulane University ,Reuters ,Widener University Delaware Law School ,Delaware Chancellor Kathaleen Mccormick ,Widener University Delaware Law ,Jamie Freed ,

© 2024 Vimarsana

vimarsana.com © 2020. All Rights Reserved.