{"id":80873,"date":"2022-03-03T00:46:00","date_gmt":"2022-03-03T05:46:00","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=80873"},"modified":"2022-03-03T00:37:25","modified_gmt":"2022-03-03T05:37:25","slug":"elon-musk-and-tesla-face-trial-over-ceos-multibillion-dollar-pay-package-from-2018","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2022\/elon-musk-and-tesla-face-trial-over-ceos-multibillion-dollar-pay-package-from-2018.html","title":{"rendered":"Elon Musk and Tesla face trial over CEO\u2019s multibillion-dollar pay package from 2018"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/TSLA\" target=\"_blank\">Tesla<\/a> and <a href=\"https:\/\/www.cnbc.com\/elon-musk\/\">Elon Musk<\/a> are facing a trial over the CEO\u2019s 2018 pay package, which was worth around $2.5 billion at the time it was granted. Shareholder Richard J. Tornetta <a rel=\"noreferrer noopener\" href=\"https:\/\/www.plainsite.org\/dockets\/41zktlz27\/delaware-court-of-chancery\/richard-j-tornetta-v-elon-musk\/\" target=\"_blank\">sued Musk<\/a> and the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/TSLA\" target=\"_blank\">Tesla<\/a> board after the package was cleared. The suit claimed it was excessive and said authorization by the electric car company\u2019s board of directors amounted to a breach of its fiduciary duty.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/03\/02\/elon-musk-and-tesla-face-trial-over-ceos-pay-package-from-2018.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Tesla and Elon Musk are facing a trial over the CEO\u2019s 2018 pay package, which was worth around $2.5 billion at the time it was granted. Shareholder Richard J. Tornetta sued Musk and the Tesla board after the package [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80873","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80873","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=80873"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80873\/revisions"}],"predecessor-version":[{"id":80874,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80873\/revisions\/80874"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=80873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=80873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=80873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}