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Search resuls for: "reapprove"


8 mentions found


☆ Elon Musk announces Tesla stock option grants for 'exceptional performance' — read his email to workers
  + stars: | 2024-06-18 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
Read previewTesla is implementing a system to reward "exceptional performance" with stock option grants. "There will also ben an ongoing program to award spot option grants for anyone who does something outstanding for the company," Musk said. One Tesla worker told BI that they felt Musk's email was proof the tide might finally be turning. Read Musk's full email to Tesla staff below:Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance. There will also ben an ongoing program to award spot option grants for anyone who does something outstanding for the company.
Persons: —, Elon Musk, Musk, Tesla, We've, reapprove, Read, Elon Organizations: Service, Business, Reuters Locations: Delaware
☆ Tesla’s Pay Package Ruined Elon Musk. Shareholders Should Reject It. - The New York Times
  + stars: | 2024-06-11 | by ( J. Bradford Delong | ) www.nytimes.com   time to read: +1 min
But Mr. Musk changed the world. Much has changed since 2018, the year Tesla dreamed up an unorthodox pay package that, in theory, tied Mr. Musk’s pay to the company’s performance. Problem is, the performance was not for making high-quality cars or making affordable cars or making cars at scale. This pay package was, I think, bad for Mr. Musk. Tesla is now asking its shareholders to reapprove this pay package, which would hand Mr. Musk an eye-popping roughly $46 billion, making him, the world’s richest man, one of its highest-paid executives.
Persons: Elon Musk, Musk, Tesla, Musk’s
☆ Tesla Shareholders Will Vote on Elon Musk’s Big Payday. What Happens Then?
  + stars: | 2024-06-08 | by ( Michael J. De La Merced | Sarah Kessler | ) www.nytimes.com   time to read: +1 min
After months of fighting over a pay package promised to Elon Musk six years ago — one that included stock grants now worth about $56 billion — matters are finally coming to a head. At Tesla’s annual meeting on Thursday, shareholders are set to vote on whether to reapprove the compensation deal after a Delaware judge voided it in January. The outcome could shift Musk’s relationship with the company, and Tesla officials aren’t taking any chances. Regardless of the vote’s outcome, further lawsuits and other battles may follow, some of which could test the corporate legal system. Here’s our guide to how different situations could play out.
Persons: Elon Musk, Tesla, ” Robyn Denholm Organizations: Elon Locations: Delaware
☆ Should Elon Musk be paid $56 billion? Tesla shareholders get to vote
  + stars: | 2024-05-27 | by ( David Ingram | ) www.cnbc.com   time to read: +10 min
Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.
Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, —, Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, —, Los Angeles, Texas, New York City
☆ Elon Musk is tightening his grip on Tesla
  + stars: | 2024-05-06 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
Top Tesla exec Tom Zhu has been redeployed to China, Electrek reports. Several other top execs have left Elon Musk's company. Musk is consolidating power at Tesla as a vote over his $47 billion pay package looms. AdvertisementOne of Tesla's top executives has been reassigned to China in another sign that Elon Musk is tightening his grip on the electric carmaker. Prior to the move, Zhu had assumed more responsibilities at Tesla as Musk was increasingly occupied by X, according to Electrek.
Persons: Tom Zhu, —, Elon, Elon Musk —, Zhu, Musk, Zhu —, Tesla, Drew Baglino, Rohan Patel, That's Organizations: Elon Musk's, Service, China, X, Reuters, North, Business, Street Locations: China, Shanghai, Delaware
☆ Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package
  + stars: | 2024-05-03 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Tesla's board urged shareholders in a video to vote for CEO Elon Musk's $47 billion pay package. AdvertisementTesla's board made yet another push to get CEO Elon Musk his $47 billion pay package — this time on-camera. But Musk's billions in extra pay were thrown out after a Tesla shareholder filed a lawsuit arguing the payout was excessive. The shareholder vote to bring back the pay for Musk, Denholm said, will be "incredibly important for the future of the company." Related storiesShe noted that the carmaker grew revenues from $11.8 billion to $96.8 billion and turned a $2.2 billion loss into a $15 billion profit under Musk's leadership.
Persons: Elon Musk's, —, Elon Musk, Robyn Denholm, it's, Denholm, Tesla, “, ”, AmfRYo28ah — Sawyer Merritt, Musk, Forbes Organizations: carmaker, Service, Securities and Exchange Commission, Business Locations: Delaware
☆ Sen. Rick Scott Exempts Social Security, Medicare From Rescue America Plan
  + stars: | 2023-02-18 | by ( Siobhan Hughes | ) www.wsj.com   time to read: 1 min
Sen. Rick Scott defended his plan in an opinion piece published on Friday. WASHINGTON—Sen. Rick Scott (R., Fla.) said he will exempt Social Security, Medicare and veterans programs from his plan to sunset all federal legislation in five years, bowing to criticism from Democrats as well as fellow Republicans over the proposal. Under Mr. Scott’s revised Rescue America plan, those entitlement programs as well as national security and other essential services would no longer face regular requirements to have Congress reapprove them. The proposals were initially unveiled when Mr. Scott was the head of his party’s Senate campaign committee and became a political lightning rod even as many fellow Republicans distanced themselves from the document.
☆ Fed's 'inclusive' jobs promise hits reality of inflation control
  + stars: | 2023-01-06 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +7 min
The longer that job market strength persists, the more Fed officials may feel compelled to break it with ever-higher interest rates. "I don't think we can understate the importance of labor market outcomes," Duy wrote. Reuters Graphics'SURGE PRICING'The job market has befuddled central bankers during the COVID-19 pandemic as much as inflation. Early expectations that a flood of workers back into the labor market would ease wage and hiring conditions proved optimistic. Officials then expected inflation to rise for any number of reasons, from the Fed's own massive bond purchases to a steadily falling unemployment rate.
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