Mask in court to defend his salary in Tesla with $ 52 billion

Mask in court to defend his salary in Tesla with $ 52 billion

One of the shareholders of Tesla from the Delaour Business Court requests to cancel the Tesla CEO of Tesla, which was approved in 2018 and is estimated at about $ 52 billion per year at the last stock prices.
The prosecutor claimed that Tesla’s board of directors at that time failed to reveal basic information about the salary and how it is assembled.

Lawyers representing the members of the current and former Tesla Board of Directors said that the package was successful and approved through a fair process . . . noting the performance of the company, which has now become the most valuable car company in the world with a market capital approximately 620 billion dollars . . The company’s value was less than 60 One billion dollars when the shareholders agreed to his salary, according to the Middle East News Agency.

The date of the trial has been set for five days, starting tomorrow, Monday in Wilmengton, Dillaore.
The trial this week comes at a crowded time for a mask, who put his mark on Twitter, by laying off about 50 percent of his employees and making other changes.
Elon Musk has about 22 percent of Tesla company at the time and had close ties to many managers.

The defendant faces accusations that he controls the board of directors, that the council has misled the shareholders in obtaining their approval of the stock grant, and that the deal was not necessary to motivate it..

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