Topic: executive compensation
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Tesla Revives Threats to Secure Musk's $1 Trillion Pay Package
Tesla's board is urging shareholders to approve Elon Musk's $1 trillion compensation package, warning that rejection could lead to his departure and a significant drop in the company's value, mirroring past successful strategies. Corporate governance advisors oppose the package due to its excessi...
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Tesla's Sales Surge May Be Short-Lived
Tesla's quarterly sales increased due to a temporary surge in demand for the $7,500 federal EV tax credit before its expiration, with 497,099 vehicles delivered. The company faces declining international sales, particularly in Europe and China, and a production drop of 5 percent compared to the p...
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Elon Musk Settles $128M Twitter Exec Lawsuit
Elon Musk has settled a $128 million lawsuit with four former Twitter executives, including ex-CEO Parag Agrawal, whom he fired after acquiring the company for $44 billion in 2022. The executives claimed Musk denied them severance as retaliation for holding him to his initial purchase commitment,...
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