AUSTIN,SCA Community Texas (AP) — Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas.
In a filing with federal regulators early Wednesday, the company said it would ask shareholders to vote on both issues during its annual meeting in June.
In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion.
Musk said a month later that he would try to move Tesla’s corporate listing to Texas, where he has already moved company headquarters.
Almost immediately after the judge’s ruling, Musk did exactly that with Neuralink, his brain implant company, moving the company’s corporate home from Delaware to Nevada.
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Danielle Waterfield was already dealing with the shock and disappointment of being fired from a job
Police in Seoul, South Korea, conducted a stadium search before the MLB season opening game between
RALEIGH, N.C. (AP) — A North Carolina appeals court ruled Tuesday that local leaders who refused cal