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☆ The Tesla shareholder who denied Musk his $55 billion payday is a former heavy metal drummer
▼ + stars: | 2024-02-02 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Richard Tornetta sued Tesla in 2018 over Elon Musk's $55 billion compensation plan. The Tesla shareholder is a former heavy metal drummer for the thrash-metal band Dawn of Correction. A Judge sided with Tornetta and struck down the pay package, calling it unfair to shareholders. AdvertisementThe Tesla shareholder who won a dramatic legal victory that denied Elon Musk his $55 billion compensation package used to be a heavy metal drummer. The EV maker will need to develop a new compensation plan for Musk, although it can appeal.

Persons: Richard Tornetta, Tesla, —, Elon Musk, of, Musk, Tornetta, Kimbal Organizations: Elon Musk's, Service, YouTube, Reuters, Business Locations: Delaware, Texas

☆ Walmart's facial ID tool to combat fraudulent Spark delivery drivers is kicking legitimate workers off the app
▼ + stars: | 2024-02-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

BI spoke with another Walmart Spark worker who said they were deactivated immediately after trying to complete the identity verification late last year. AdvertisementGig workers for apps like Spark, Instacart, DoorDash, and Grubhub often have their accounts suspended with little notice or explanation. The rollout comes after some Walmart Spark drivers were found using multiple accounts under false identities to claim more orders and make more money. "The third-party identity verification tool is working as intended. "My account was deactivated after the identity verification," one post from November on r/Sparkdriver reads.

Persons: Chastity Lopez, Lopez, she's Organizations: Walmart, Drivers Locations: New York, Alabama

At issue is a Jan. 25 finding by Yost that the proposed constitutional amendment's title — “Ohio Voters Bill of Rights” — was “highly misleading and misrepresentative” of the measure’s contents. It certified a Nursing Facility Patients’ Bill of Rights in 2021 and another Ohio Voters Bill of Rights in 2014. The coalition behind the amendment — which includes the NAACP's Ohio chapter, A. Philip Randolph Institute and Ohio Organizing Collaborative — filed suit Thursday. In his rejection letter, Yost cited “recent authority from the Ohio Supreme Court” giving him the ability to review petition headings, as well as text summaries. The Ohio Voters Bill of Rights would enshrine in the state constitution the right for all Ohioans to vote safely and securely and require automatic voter registration, same-day voter registration and expanded early voting options and locations.

Persons: Dave Yost, Yost, ” —, Philip Randolph, — Organizations: Republican, Ohio Supreme, “ Ohio, Ohio, Philip Randolph Institute Locations: COLUMBUS , Ohio, Ohio

☆ Analysis-'Open Warfare': Philippines' Marcos-Duterte Alliance Crumbles
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

"The opportunistic political alliance was not meant to last," said Temario Rivera, chairman of the Center for People Empowerment in Governance think-tank. "It is still working," he said, adding he was keeping Sara Duterte as education minister. 'OPEN WARFARE'The alliance publicly disintegrated on Sunday when Duterte called Marcos a "drug addict" during a rally against moves to change the charter. Analysts said the public bust-up could be linked to the 2028 presidential race, which Sara Duterte is expected to contest and stands a strong chance. "It will be an open warfare this year," said Ronald Llamas, a veteran political analyst and former presidential adviser.

Persons: Karen Lema MANILA, Ferdinand Marcos Jr, Rodrigo Duterte, Marcos, Duterte's, Sara, Jean Encinas, Sebastian Duterte, Temario Rivera, Sara Duterte, Rivera, Duterte, Ferdinand Marcos Sr, Marcos Sr, Imelda, Ronald Llamas, Karen Lema, Michael Perry Organizations: University of the, Center for People Empowerment, International Criminal, Hague Locations: Philippine, Philippines, University of the Philippines, Davao, China, United States, Washington, South, Taiwan, South China

☆ Every adult woman can now compete at Miss USA. Past winners and contestants aren't convinced it's a good idea.
▼ + stars: | 2024-02-02 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +10 min

Read previewThis will be the first year that any adult woman can compete at Miss USA . Both Miss USA and Miss America weathered scandals and declining ratings throughout the 2000s, prompting both organizations to make big shifts. Miss America did away with the swimsuit competition, while Miss USA now allows married women and mothers to compete. AdvertisementThe Miss USA pageant has helped launch the careers of everyone from Halle Berry to Kenya Moore. Miss USA is about to follow on the heels of the most diverse Miss Universe competition in history.

Persons: —, Crystle Stewart, Miss USA, Miss America, Laylah Rose, Rose, Rachel Slawson, Jessielyn Palumbo, we're, it's, who's, Benjamin Askinas, you've, they're, they've, Susie Castillo, Eric Gay, Castillo, Merissa Underwood, Halle, Kenya Moore, Underwood, It's, Noelia Voigt Organizations: Service, Miss USA, Miss Universe Organization, Business, Miss, Miss USA's, Asya Branch, Branch, Associated Press, USA, Miss Universe Locations: Miss USA, Utah, Montana, Halle Berry, Kenya, California, Florida, Mississippi, Texas, Alabama

☆ Boeing supplier shares outlook for the companies' partnership
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing supplier shares outlook for the companies' partnershipRosemary Brester, Hobart Machined Products CEO, joins 'The Exchange' to discuss Hobart's partnership with Boeing, challenges facing the supply chain following the 737 Max-9 grounding, and more.

Persons: Rosemary Brester Organizations: Boeing Locations: Hobart

☆ Senegalese Democratic Party Requests Postponement of Presidential Election
▼ + stars: | 2024-02-02 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

By Diadie Ba and Bate FelixDAKAR (Reuters) - The Senegalese Democratic Party (PDS) on Friday said it had officially requested a postponement of the Feb. 25 presidential election, citing incidents it alleged had compromised the transparency and integrity of the vote. PDS is the former ruling party of Abdoulaye Wade. Their candidate, Wade's son Karim, was disqualified from the race to succeed President Macky Sall over his supposed dual nationality. In a statement, PDS listed concerns with the constitutional court's decision-making, the elimination of candidates and other issues that it said had derailed the race. The push for a postponement "is part of our desire to preserve the integrity and transparency of the process," it said.

Persons: Ba, Bate Felix DAKAR, Abdoulaye Wade, Wade's, Karim, Macky Sall, Alessandra Prentice, Diane Craft Organizations: Senegalese Democratic Party, PDS

☆ Martha Stewart made a baked apple and flan for her fellow inmates while they were all in jail, says a woman who served time with the celeb
▼ + stars: | 2024-02-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA couple of months behind bars didn't stop Martha Stewart from partaking in one of her favorite hobbies. People obtained an exclusive clip from a new CNN miniseries, "The Many Lives of Martha Stewart," in which several people recounted what it was like being in prison with Stewart. She served five months in Federal Prison Camp Alderson in West Virginia and another two years of supervised release. A representative for Stewart did not immediately respond to a request for comment from BI sent outside regular business hours.

Persons: —, Martha Stewart, Stewart, Meg Phipps, Martha, Phipps, we're, Snoop Dogg Organizations: Service, CNN, Federal, Business, Cannes Lion, BI Locations: Alderson, West Virginia

Virginia is not the only state grappling with skill games, but the efforts there reflect points in a larger debate nationwide as they have exploded in popularity. It is also backed by skill games producer Pace-O-Matic, which has given hundreds of thousands of dollars in campaign donations to legislators in recent years. It would tax skill games revenue at 15% and would not explicitly limit the total number of machines that could exist. The skill games debate is a rare issue that doesn't split along partisan lines, and lawmakers have gone around and around on it for years. The General Assembly voted in 2020 to ban skill games, taking on the issue at the same time they were clearing the way for casinos for the first time.

Persons: ”, Sen, Aaron Rouse, Louise Lucas, Pace, Rouse, Chris Cylke, Ahmed Makhani, —, ” Cylke, Mark Peake, “, ” Peake, Democratic Sen, Jeremy McPike, Prince William County, McPike, Matt Hortenstine, Hortenstine, Lucas, Glenn Youngkin's, Christian Martinez, Ralph Northam Organizations: Senate Finance Committee, ABC, American Gaming Association, Republican, Democratic, Virginia Lottery Board, J Ventures, Accel Entertainment, Republican Gov, General, Virginia Supreme Locations: RICHMOND, Va, Virginia, Virginia Beach, Commonwealth, Lynchburg, Georgia, Illinois

☆ A man used a 46-year-old ticket that cost $8 to get into Disney's Magic Kingdom: 'There is no expiration date'
▼ + stars: | 2024-02-01 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

A customer used a 46-year-old ticket to enter Walt Disney World's Magic Kingdom Park. The ticket had no expiration date, so the amusement park honored it and let him in. The ticket originally cost $8. AdvertisementA man successfully used a nearly 50-year-old ticket to gain access to Walt Disney World Resort's Magic Kingdom Park in Orlando. Matthew Ables, who has more than 600,000 followers on TikTok, discovered a 46-year-old ticket in his family home.

Persons: —, Matthew Ables Organizations: Walt Disney World's, Service, Walt Disney Locations: Orlando

MADISON, Wis. (AP) — The Wisconsin Supreme Court on Thursday ordered the state elections commission not to transmit the presidential primary ballot to county clerks as it ponders an attempt by Democratic U.S. Rep. Dean Phillips to get added as a candidate. The order comes six days after Phillips asked the court to intervene and have his name added to the ballot in the battleground state after state Democratic leaders on a presidential selection committee did not include it. The Supreme Court's one-sentence order Thursday directed the Wisconsin Elections Commission not to transmit the ballot until further notice. The court has yet to decide whether it will rule in the case, but it has accepted arguments from Phillips, the elections commission and the presidential selection committee. Attorneys from the state Department of Justice representing the elections commission and the presidential selection committee said in court filings Wednesday that Philllips' challenge should be rejected because he brought it too late.

Persons: Dean Phillips, Phillips, Joe Biden, feasibly, ” Phillips, Biden, Donald Trump Organizations: Wisconsin Supreme, Democratic U.S . Rep, Democratic, Democrat, Department of Justice, Republican Locations: MADISON, Wis, Wisconsin, Minnesota, Congress

MADISON, Wis. (AP) — Eagerly awaited redistricting reports that will recommend new maps expected to reshape the balance of power in the Wisconsin Legislature are due to the state Supreme Court on Thursday. Republicans have indicated that they plan an appeal to the U.S. Supreme Court, arguing due process violations, but it’s not clear when that would come. It ultimately will be up to the Wisconsin Supreme Court, with a 4-3 liberal majority, to decide which maps to enact. Evers on Tuesday vetoed a last-ditch effort by Republicans to enact new lines to avoid the court ordering maps. The Wisconsin Supreme Court has also been asked by Democrats to take up a challenge to the state's congressional district lines.

Persons: —, Tony Evers, ”, Evers Organizations: Republicans, GOP, Gov, Democratic, Wisconsin Supreme, U.S, Supreme, Senate, Marquette University, . House Locations: MADISON, Wis, Wisconsin

☆ Formula 1 star Lewis Hamilton to leave Mercedes and join Ferrari in shock move: Reports
▼ + stars: | 2024-02-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Lewis Hamilton of Mercedes ahead of the Formula 1 Abu Dhabi Grand Prix at Yas Marina Circuit in Abu Dhabi, United Arab Emirates on November 26, 2023. Seven-time Formula 1 world champion Lewis Hamilton is on the cusp of a surprise move from Mercedes to Ferrari for the 2025 season, according to multiple media reports. Hamilton first signed with Mercedes in 2013 and went on to win six of his seven world titles with the team between 2014 and 2020. If Hamilton were to leave Mercedes for Ferrari, it is reported he would likely replace Ferrari's Carlos Sainz given that his teammate, Charles Leclerc, recently signed a fresh contract extension. The start of the next Formula 1 season gets underway in Bahrain from Feb. 29.

Persons: Lewis Hamilton, Mercedes, Hamilton, it's, Toto Wolff, Ferrari's Carlos Sainz, Charles Leclerc Organizations: Abu, Prix, Yas Marina Circuit, United, United Arab Emirates, Ferrari, Sky Sports, BBC Sport, ESPN, CNBC, Mercedes, Hamilton Locations: Abu Dhabi, United Arab, Bahrain

Many of the “over-reported records” in the audit were because of bad data entry processes, "rather than intentional falsification of traffic stop data,” said the report, commissioned by Gov. The investigators, however, also said they found “significant failures” by state police in reporting accurate traffic stop information to a statewide databased used to analyze any potential racial profiling by police. The audit said 130 troopers had been identified as having a significant disparity between traffic stop information submitted to the database compared with the court system. State police have been reviewing the traffic citation data. What we have seen is information that provides explanations for why some of the data may have been inaccurate.”

Persons: “, ”, Ned Lamont, Attorney Deidre Daly, —, Lamont, Ken Barone, ” Barone Organizations: Gov, U.S, Attorney, University of Connecticut, UConn, Justice, Transportation Locations: HARTFORD, Conn, Seven Connecticut

☆ Canadian police are looking for a 500-pound taxidermy polar bear stolen from a resort in frigid, below-zero weather
▼ + stars: | 2024-02-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

A 500-pound stuffed bear was stolen from a resort in Canada, police told local media. An executive for the resort told The Globe and Mail that it runs 24-hour security every day. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPolice in Canada said they're looking for a missing taxidermy polar bear that was stolen from a resort near the city of Edmonton. Harry, the 500-pound stuffed bear, was nabbed from the Lionsheart Wellness Center at the Lily Lake Resort earlier this month, the Royal Canadian Mounted Police told The Globe and Mail.

Persons: — Organizations: Globe, Service, Police, Lionsheart Wellness, Royal Canadian Mounted Police, Business Locations: Canada, Edmonton, Lily

Greg Abbott's escalating feud with the Biden administration over immigration enforcement, some governors are considering deploying National Guard members to the border — again. Republicans say tougher actions along the border are needed in response to record levels of illegal crossings, but sending guard members to the border is not new. DeSantis is one of more than a dozen Republican governors who have sent state National Guard units to the southern border since 2021. Here's what to know about National Guard on the border to date:Photos You Should See View All 45 ImagesWHAT IS HAPPENING AT THE TEXAS BORDER? During a rushed deployment of Texas National Guard members at the start of the mission, some also complained of low morale and uneventful patrols.

Persons: Greg Abbott's, Biden, Ron DeSantis, Abbott, Kristi Noem, Brad Little, Joe Biden, Kim Reynolds, Maura Healey, Sean Murphy, Julie Carr Smyth, Gary Robertson, Hannah Fingerhut, Michael Schneider Organizations: —, Texas Gov, National Guard, Florida Gov, U.S, Border Patrol, Texas, Shelby, Texas National Guard, Supreme, WHO, Florida Division, Emergency Management, West Virginia ., West Virginia . South Dakota GOP Gov, Idaho Gov, Lone Star, Iowa Gov, Guard, GUARD, Democratic Gov, Operation Lone Star, Associated Press Locations: AUSTIN, Texas, Florida, Eagle, TEXAS, U.S, Mexico, Shelby Park . Texas, Rio, Arkansas , Oklahoma , Nebraska, Virginia, West Virginia, West Virginia . South, Abbott’s, Dakota, In Massachusetts, Oklahoma City, Columbus , Ohio, Raleigh , North Carolina, Des Moines , Iowa, Orlando , Florida

☆ Trump New York business fraud case verdict delayed to later February
▼ + stars: | 2024-02-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

That new timeline for the written decision by Judge Arthur Engoron is still a "rough estimate" and "subject to modifications," said Alfred Baker, spokesman for the New York State Office of Court Administration. A verdict in the New York civil business fraud trial of former President Donald Trump — which had been anticipated Wednesday — is now expected to arrive in early- to mid-February, a court spokesman said. In the case, New York Attorney General Letitia James accuses Trump, the Trump Organization, his two adult sons, and top company executives of inflating Trump's net worth on his financial statements in violation of a state anti-fraud law. The trial was conducted to determine penalties and resolve other claims of wrongdoing from James' lawsuit. Reuters first reported the new timeframe for the verdict.

Persons: Donald Trump, Alina Habba, Jean Carroll’s, Carroll, Trump, Baker, Judge Arthur Engoron, Alfred Baker, Donald Trump —, Engoron, Letitia James, James Organizations: U.S, Manhattan Federal, New York State, New York, Trump Organization, Reuters Locations: New York City, U.S, New York, Manhattan

CHICAGO (AP) — A group of voters trying to remove former President Donald Trump's name from Illinois' primary ballot over the Jan. 6, 2021, attack on the U.S. Capitol has taken its fight to court after the state's election board unanimously rejected its effort. The expected legal challenge was filed in Cook Court's circuit court Tuesday, hours after the bipartisan Illinois State Board of Elections voted to keep the Republican on the March 19 ballot. The five voters argue Trump is ineligible to hold office because he encouraged and did little to stop the Capitol riot. The Illinois voters, along with national voting advocacy group Free Speech for People, argued in their court petition for judicial review that the elections board has the authority to determine Trump's eligibility. Trump attorney Adam Merrill told reporters Tuesday he was pleased with the election board's decision and prepared to respond to any court action.

Persons: Donald Trump's, Trump, “, Adam Merrill Organizations: CHICAGO, U.S . Capitol, Cook, Illinois State, Republican, Trump, U.S, Supreme, Illinois, People Locations: Illinois, Cook Court's, Colorado

☆ Instacart quietly deletes its unsettling AI-generated food pics
▼ + stars: | 2024-01-31 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +3 min

Instacart confirmed on Sunday it was using AI-generated imagery and recipes. The AI images featured physically impossible compositions, unnatural shadows, and strangely blended textures. Other recipes discovered by Reddit users, meanwhile, had the AI-generated images replaced with what appears to be stock photography. Some AI-generated imagery was still live on Instacart's site as of Wednesday. A startup is using text-to-photo technology to create AI imagery based just on menu descriptions to help restaurants build out online menus without paying for photography.

Persons: Instacart, —, Fry, Instacart Instacart Organizations: Service, Mac

☆ Walmart plans to add more than 150 large-format stores across the U.S.
▼ + stars: | 2024-01-31 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. The company plans to build or convert more than 150 large-format stores over the next five years, it said Wednesday. About 90% of the U.S. population already lives with 10 miles of a Walmart store. Walmart's store expansion was first reported by the Wall Street Journal.

Persons: Josh Havens, John Furner Organizations: Walmart, Sam's, U.S, Walmart U.S, Wall Street Locations: Everett, Everett , Washington, U.S

☆ Walmart's stock split only shows how rare they've become in the past 20 years
▼ + stars: | 2024-01-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Walmart 's decision to split its stock 3-for-1 has revived an old debate: when is the right time to split a stock? There's no clear answer to this, but one fact is clear: stock splits are far less common than 20 or 30 years ago. That's likely because the institutional base for stock ownership has come to dominate the market. What effect does a stock split have on trading? More than 400,000 associates participate in Walmart's Associate Stock Purchase Plan today, which allows eligible associates to buy stock conveniently through payroll deductions and provides a 15% company match on the first $1,800 each year."

Persons: Sam Walton, Doug McMillon, Sam Organizations: Walmart, Institutional, Palo Alto Networks, Nvidia, Apple

NASHVILLE, Tenn. (AP) — A Tennessee jury has convicted six anti-abortion protesters of violating federal laws after they blocked the entrance of a reproductive clinic outside Nashville nearly three years ago. Before Roe was overturned, the Justice Department oversaw just a handful of FACE Act violation cases. Advocates like the National Abortion Federation say the uptick in cases reflects the rise in harassment and violence abortion clinics have faced since state abortion bans have been allowed to go into effect. Some have called on the Justice Department to apply the 1994 federal law more equitably and use it to investigate those who target crisis pregnancy centers. President Bill Clinton signed the FACE Act into law in 1994 following a string of high-profile attacks against abortion clinics, which included Dr. David Gunn being shot and killed outside an abortion clinic in Pensacola, Florida in 1993 — marking the first abortion provider killed in the U.S.

Persons: Roe, Wade, Chester Gallagher, Paul Vaughn, Heather Idoni, Calvin Zastrow, Coleman Boyd, Dennis Green, ”, Henry C, “, —, Steve Crampton, Bill Clinton, David Gunn Organizations: —, ”, U.S, Supreme, Prosecutors, Thomas More Society, Justice Department, National Abortion Federation, Republican, Catholic Locations: Tenn, Tennessee, Nashville, Mount Juliet , Tennessee, Pensacola , Florida, U.S

Political Cartoons View All 253 ImagesHow did Deep Sea Vision detect the object that could be Earhart's plane? But it wasn't until the team reviewed sonar data in December that they saw the fuzzy yellow outline of what resembles a plane. “In the end, we came out with an image of a target that we believe very strongly is Amelia’s aircraft," Romeo told The Associated Press. But he said that Romeo’s team must provide “a forensic level of documentation” to prove it’s Earhart’s Lockheed. He would have expected to see straight wings and not swept wings, like the new sonar suggests, as well as engines.

Persons: Amelia Earhart, Tony Romeo, Electra, Romeo, Earhart, Fred Noonan, Noonan, “ Amelia, James Delgado, ”, Delgado, Romeo's, David Jourdan, Dorothy Cochrane, Cochrane, ’ ”, Lockheed Electra, Ole Varmer, Varmer, ” Varmer, “ It’s, —, Finley, Pollard Organizations: COLUMBIA, Lockheed, Archaeologists, Pan American Airlines, Air Force, Associated Press, Navy, National Air and Space Museum, National Oceanic, Atmospheric Administration, The Ocean Foundation, Purdue Research Foundation, Purdue University in, Smithsonian, America Statehouse News Initiative, America Locations: South Carolina, Norwegian, Howland, Papua New Guinea, Hawaii, New Guinea, U.S, New Jersey, “, Maritime, Connecticut, Howland Island, Purdue University in Indiana, Norfolk , Virginia

WASHINGTON (AP) — As he looks past the GOP primary and towards a likely general election rematch against President Joe Biden, Donald Trump will meet with members of the Teamsters Union in Washington Wednesday afternoon as he tries to cut into Biden's support. Trump is hoping to cut into that support as he casts himself as pro-worker and tries to exacerbate longstanding divisions between union leaders and rank-and-file members. While the Teamsters endorsed Biden in 2020 and Hillary Clinton in 2016, O'Brien stressed the union has “a very diverse membership. Wheaton estimates about 30% to 40% of its members voted for Trump in 2020, even though the union endorsed Biden. Teamsters members include UPS drivers, film and television workers, freight operators, members of law enforcement and other government workers.

Persons: Joe Biden, Donald Trump, Biden, Trump, Shawn Fain, “ Shawn Fain, ” Trump, “, Sean O’Brien, ” Biden, Lauren Hitt, Biden “, O’Brien, ”, —, Hillary Clinton, O'Brien, Wheaton, you’re, ” Wheaton, Fain, Nikki Haley, Trump’s, ___ Krisher, Seung Min Kim Organizations: WASHINGTON, GOP, Teamsters Union, Union, Democratic, AP, AFL, United Auto Workers, DJT, Automobile Industry, Workers, Teamsters, Trump, Fox Business, National Labor Relations Board, ”, Cornell University, Wheaton, Republican, UAW, UPS, American Federation of Teachers, American Federation of State, Municipal Employees, Associated Press Locations: Washington, Wisconsin, Michigan, Detroit, California, Wheaton, American Federation of State , County

☆ Why Elon Musk's battle with Delaware is about more than a $55 billion pay package
▼ + stars: | 2024-01-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Musk's Tesla pay was structured without a salary to involve 12 stock option awards that would only be given once performance goals for each of them were met. Though Musk can appeal the decision, there are signs that this battle is about more than just the massive pay package that has propelled him to a $205 billion fortune. The carmaker is currently worth $600 billion, up from roughly $50 billion in 2018, when Musk received his pay plan. So it's reasonable to take Musk at face value when he says his Tesla pay, as McCormick put it, is a "means of bankrolling that mission." Closer to home, Musk's legal battle could trigger a rethink of where Corporate America goes to do business.

Persons: —, Elon, Thomas Jefferson, Tesla, Richard Tornetta —, Musk, Judge Kathaleen McCormick, Musk's Tesla, Chandan Khanna, …, Judge McCormick, McCormick, DealBook, that's Organizations: Service, The, The Diamond State, Business, SpaceX, Toyota, Delaware Inc, Corporate America Locations: Delaware, The Diamond, Tesla, Mars, America's, America, Nevada, Texas

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