Tesla board awards Elon Musk $30bn worth of shares
Chief executive will pay $2bn to buy 96m shares at same price as 2018 pay package rescinded by US court• Business live – latest updatesTesla’s board has approved awarding $30bn (£23bn) worth of shares to its chief executive, Elon Musk, after a US court ruled against a previous pay deal for the world’s richest person.Musk will pay $2bn to buy 96m shares in the electric carmaker at the same price as the 10-year pay package agreed in 2018, which is stuck in legal limbo awaiting a court date for an appeal. The award was based on a recommendation from a “special committee” of the board. Continue reading...
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Chief executive will pay $2bn to buy 96m shares at same price as 2018 pay package rescinded by US court
• Business live – latest updates
Tesla’s board has approved awarding $30bn (£23bn) worth of shares to its chief executive, Elon Musk, after a US court ruled against a previous pay deal for the world’s richest person.
Musk will pay $2bn to buy 96m shares in the electric carmaker at the same price as the 10-year pay package agreed in 2018, which is stuck in legal limbo awaiting a court date for an appeal. The award was based on a recommendation from a “special committee” of the board.
Continue reading...
