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Top related persons:
Tesla - 3 Larry Ellison - 3 Musk - 3 coercing Tesla - 3 CNN — Tesla - 1 Lucy Nicholson - 1 Tom Hals - 1 Nick Zieminski - 1
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Delaware City of Detroit Los Angeles , California U.S WILMINGTON , Delaware Wilmington , Delaware
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Elon Musk - 3 Oracle - 3 Police - 3 CNN - 1 Tesla - 1 REUTERS - 1 Thomson - 1

Search resuls for: "coercing Tesla"


3 mentions found


☆ Tesla directors will return $735 million to company to settle shareholder suit
  + stars: | 2023-07-18 | by ( ) edition.cnn.com   time to read: +2 min
CNN —Tesla directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. The directors, including Oracle (ORCL) co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. As part of the board directors compensation settlement, the directors also agreed to not receive any compensation for 2021, 2022 and 2023 and the board will change the way compensation is determined. Along with that gain in stock value, stock options awarded to the directors and to Musk rose sharply in value. Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors.
Persons: CNN — Tesla, Tesla, Larry Ellison, Musk, coercing Tesla Organizations: CNN, Elon Musk, Oracle, Police Locations: Delaware, City of Detroit
☆ Tesla directors pay $735 million to settle lawsuit over excess compensation
  + stars: | 2023-07-17 | by ( ) www.cnbc.com   time to read: +2 min
The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017. A ruling is expected soon in the Musk case. The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Along with that gain in stock value, stock options awarded to the directors and to Musk rose sharply in value. Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors.
Persons: Larry Ellison, Tesla, Musk, coercing Tesla Organizations: Tesla, Elon Musk, Oracle, Police Locations: Delaware, City of Detroit
☆ Tesla directors pay $735 mln to settle lawsuit over excess compensation
  + stars: | 2023-07-17 | by ( Tom Hals | Thomson Reuters | Tom Hals Is An Award-Winning Reporter With Years Of Experience Working In Asia | ) www.reuters.com   time to read: +3 min
The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017. A ruling is expected soon in the Musk case. The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Along with that gain in stock value, stock options awarded to the directors and to Musk rose sharply in value. Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors.
Persons: Lucy Nicholson, Tesla, Larry Ellison, Musk, coercing Tesla, Tom Hals, Nick Zieminski, David Evans Organizations: REUTERS, Elon Musk, Oracle, Police, Thomson Locations: Los Angeles , California, U.S, WILMINGTON , Delaware, Delaware, City of Detroit, Wilmington , Delaware
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