{"id":75699,"date":"2020-09-22T00:22:00","date_gmt":"2020-09-22T04:22:00","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=75699"},"modified":"2020-09-22T00:05:13","modified_gmt":"2020-09-22T04:05:13","slug":"nikola-founder-forfeits-166-million-in-stock-he-would-have-lost-and-gets-to-keep-3-1-billion-in-separation-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2020\/nikola-founder-forfeits-166-million-in-stock-he-would-have-lost-and-gets-to-keep-3-1-billion-in-separation-deal.html","title":{"rendered":"Nikola founder forfeits $166 million in stock he would have lost and gets to keep $3.1 billion in separation deal"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=NKLA\">Nikola<\/a>\u00a0founder <a href=\"https:\/\/www.cnbc.com\/2020\/09\/21\/nikola-founder-trevor-milton-to-voluntarily-step-down-as-executive-chairman.html\">Trevor Milton<\/a>\u00a0agreed to forfeit up to roughly $166 million of equity as well as a\u00a0two-year, $20 million consulting contract as part of his\u00a0<a href=\"https:\/\/www.cnbc.com\/2020\/09\/21\/nikola-founder-trevor-milton-to-voluntarily-step-down-as-executive-chairman.html\">abrupt\u00a0departure<\/a>\u00a0from the company he started. However, the EV executive gets to walk away with more than $3.1 billion in stock as part of a separation agreement reached over the weekend.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/09\/21\/nikola-founder-trevor-milton-forfeits-166-million-in-stock-and-gets-to-keep-3point1-billion-under-separation-deal.htm\">To read this article: <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Nikola\u00a0founder Trevor Milton\u00a0agreed to forfeit up to roughly $166 million of equity as well as a\u00a0two-year, $20 million consulting contract as part of his\u00a0abrupt\u00a0departure\u00a0from the company he started. However, the EV executive gets to walk away with more than [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75699","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=75699"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75699\/revisions"}],"predecessor-version":[{"id":75700,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75699\/revisions\/75700"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=75699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=75699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=75699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}