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Analysis-Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal

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.

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Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal

Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal

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Legal Expert Says Tesla Shareholder Vote To Approve Elon Musk's Pay 'For His Past Work' Is Like Setting 'Assets On Fire Without Benefit To Company' - Tesla (NASDAQ:TSLA)

The proxy filing introduces a new risk for Tesla, which was already contending with financial underperformance, management dissatisfaction, and strategic missteps.

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Tesla plan to re-run vote on Elon Musk's record pay deal has a fatal flaw, warns Tulane law professor

Tesla plan to re-run vote on Elon Musk's record pay deal has a fatal flaw, warns Tulane law professor
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Deepwater Horizon commission chief to keynote Tulane environmental law summit

Richard Lazarus, one of the nation’s foremost environmental lawyers and the former executive director of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, will keynote the 29th annual Tulane Environmental Law and Policy Summit Feb. 23 and 24.

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elon musk: Elon Musk gets some guidance from a Delaware judge on how to ditch the state

Tesla CEO Elon Musk receives favorable news from Delaware Chancery Court regarding the company's potential move to Texas. Moving companies out of Delaware is allowed under certain circumstances, and Tesla may be able to rely on the cleansing process. However, opposition from shareholders, including institutional investors, is a possibility.

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Column: Elon Musk gets some guidance from a Delaware judge on how to ditch the state -February 21, 2024 at 05:02 pm EST

If Tesla CEO Elon Musk is serious
about moving the electric car company out of Delaware and
reincorporating in Texas, he got good news yesterday from a
judge in Delaware Chancery Court.
...

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Tesla's board has been silent since Elon Musk's $56 billion pay package was revoked

Legal experts expect Elon Musk’s team to appeal a recent ruling that voided the Tesla CEO’s 2018 pay package.

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Zoe Schiffer's 'Extremely Hardcore' shows how Elon Musk broke Twitter

Zoe Schiffer's 'Extremely Hardcore' shows how Elon Musk broke Twitter
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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Tesla board silent since court revoked Elon Musk's $56 billion pay package

Legal experts expect Elon Musk's team to appeal a recent ruling that voided the Tesla CEO's 2018 pay package.

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