Zapping Auto Moto Travel diary: the Morvan in a Citroën C5
This is a snub that has just been inflicted on the famous director of the Californian brand Tesla. A shareholder considered a compensation plan validated in 2018 excessive and attacked Elon Musk himself, the company as well as the members of the administration committee who gave their agreement. The judgment was rendered this Tuesday and the decision was not to the taste of the businessman.
The largest compensation plan in history
This is 55 billion dollars (a little more than 50 billion of our euros) that he will not see again soon, the largest sum ever granted to a leader. It is up to the board of directors to make a proposal worthy of being received by the authorities. Without this sum, his fortune falls to 154.3 billion dollars (around 142 billion euros), which now makes him “only” the third richest in the world according to Bloomberg.
Since the judge in charge of the case, Kathaleen St. J. McCormick, gave her verdict, Elon Musk has been in a rage and has multiplied his tweets on X (formerly Twitter, of which he is also the leader) to make his dissatisfaction known. “Never set up the headquarters of your company in Delaware (American state on the east coast in which the trial was held, editor’s note), he wrote an article about ten hours ago. Followed by ‘another a few hours later which you can discover below in which he “recommends setting up its headquarters in Nevada or Texas if you prefer that shareholders decide things”. Even more recently, he launched a poll asking to his approximately 170 million followers if he were to transfer the headquarters of his company to Texas, where Tesla’s “physical headquarters” are located.
I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters
— Elon Musk (@elonmusk) January 31, 2024
Join Auto-Moto on WhatsApp so you don’t miss any car and 2-wheel news!
Also read on Auto-Moto.com:
Toll prices, network by network detail
Dates, ticket prices, program… all the information on the Rétromobile 2024 show
Parking prices: world first announced in Lyon, bad news for SUVs
To sum up
A Tesla shareholder had requested the legal annulment of a compensation plan granted in 2018 to Elon Musk which he considered excessive, he won his case.
rewrite this content and keep HTML tags