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Search resuls for: "Musk’s PAC"


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Elon Musk’s daily $1 million lottery for registered swing state voters who sign his super PAC’s petition falls into a legal gray area and could potentially violate election law, three experts told NBC News. Paying someone to vote or to register to vote is explicitly illegal under federal law. “This is at best very questionable legally,” said Michael Morse, an assistant professor of law at the University of Pennsylvania Carey Law School. But none of the experts who spoke with NBC News believed law enforcement is likely to stop the lottery or fine Musk before the election. “You can only register to vote in Pennsylvania until today.
Persons: , , John Fortier, Elon Musk, Michael Swensen, Michael Morse, ” “ I’ve, Nate Persily, it’s, Musk, Rick Hasen, Hasen, Justice Department’s, it’s “, Josh Shapiro, Morse, Trump, Kristine Fishell, Penn Organizations: Elon, NBC News, Musk’s America PAC, America PAC, American Enterprise Institute, NBC, University of Pennsylvania Carey Law School, , Stanford Law School, Musk’s PAC, UCLA School of, Democracy, Justice, , ” Pennsylvania Gov, Press Sunday, Department, Justice Department, Pennsylvania, Federal, Trump, Republican, New York Times Locations: Pittsburgh, ” Pennsylvania, Pennsylvania, Michigan
Josh Shapiro on Sunday said that tech mogul Elon Musk's plan to give money to registered voters in Pennsylvania is "deeply concerning" and "it's something that law enforcement could take a look at" during an interview on NBC News' "Meet the Press." Elon Musk in Pennsylvania announced that he would give away $1 million per day to a registered voter until Election Day. Chesnot / Getty Images fileQuestions about the legality of these cash payments abounded on Saturday night, as elections law experts pointed to various provisions in federal law that prohibited making cash payments to voters. Musk and a representative for America PAC did not immediately respond to requests for comment on this story. "It seems like if this law is going to be enforced, it needs to be deterred," Hasen said.
Persons: Josh Shapiro, Elon Musk's, Musk, Shapiro, Donald Trump, He's, Elon, Chesnot, Rick Hasen, ” Hasen, Hasen Organizations: NBC, Press, PAC, Democrat, University of California, Democracy, America PAC Locations: Pennsylvania, Los Angeles
The company behind the game Cards Against Humanity is aiming to one-up Elon Musk with its plan to pay blue-leaning swing-state residents who make voting plans and agree to publicly condemn Donald Trump. On a website created by the game company, eligible voters are asked to provide their personal information, which is then checked against voter data that the company said it bought from a data broker. Cards Against Humanity is also selling a $7.99 card game expansion pack with cards themed to the election. Cards Against Humanity, a popular card game that features offensive and sexually explicit jokes, has increasingly taken a progressive political stance. The Cards Against Humanity website said it is “exploiting a legal loophole.” It also took aim at Musk directly, writing that registered swing-state voters could participate in his PAC's program and list Cards Against Humanity as their referrer — compelling Musk's PAC to send the company money.
Persons: Elon, Donald Trump, , Musk, Richard Hasen, , they’ll, we’ll Organizations: Humanity, company’s, Trump, PAC, UCLA School of, NBC, SpaceX Locations: America, PA, AZ, NC, Texas, U.S, Mexico
New York CNN —Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Now, Musk and the board want Tesla shareholders not only to vote again to give him back those stock options, but to relocate Tesla away from the judge’s state entirely. Despite the widespread support among shareholders back in 2018 for Musk’s pay package, the Tesla board seems to be scrambling to shore-up support for this month’s vote. But perhaps a more serious concern among Tesla shareholders is problems faced by the electric car pioneer itself. “When Tesla achieved targeted earnings, revenues, and market cap metrics, Tesla’s shareholders benefitted greatly.
Persons: New York CNN —, Elon Musk, Tesla, Chancellor Kathaleen McCormick, ” McCormick, “ Musk, McCormick, ” Tesla, Robyn Denholm, Elon, ” Rather, , ” Denholm, , he’s, Dan Ives, it’s, they’re, Ives, Neuralink, Musk, ” Ives, Ron Baron, Baron Capital, ” Baron, Glass Lewis Organizations: New, New York CNN, SEC, Musk, Elon, Twitter, Wedbush Securities, SpaceX, The Boring Company, Baron, Institutional, Services Locations: New York, Delaware, Texas, Tesla’s Texas,
Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. Critics have argued for years that CEO pay packages are exorbitant. Under Musk’s pay plan, he received a chunk of stock options each time Tesla’s market value rose by $50 billion. General Motors, for example, considers executive salaries at 3M, Boeing, Ford, IBM and other huge companies, and uses complex formulas to determine CEO compensation. Corporate law experts say any new compensation package for Musk will likely be challenged in court unless Tesla's board either resigns en masse or follows a meticulous process to protect shareholders by passing a substantially smaller package.
Persons: Tesla, Kathaleen St, Jude McCormick, Musk, Bernard Arnault, Critics, Blackstone’s Steven Schwarzman, , , ’ ” McCormick, Musk’s, shouldn’t, Mary Barra, Jim, Mark Zuckerberg, Tim Cook, they’re, , Charles Elson, ” Elson, Elson Organizations: Elon, Musk, Forbes, General Motors, 3M, Boeing, Ford, IBM, Big Tech, University of Delaware, Lawyers Locations: Delaware, , Barra, U.S
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