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Tag: executive compensation

overflowing dough

Court OKs Tesla Board’s Deal to Repay Nearly $1 Billion

overflowing dough

Ending one skirmish amid the legal battles at Tesla over excessive compensation, a Delaware Chancery Court on January 8 approved a deal that Tesla’s board of directors struck 18 months ago to return roughly $919 million to the company. The...

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Judge Again Rejects Musk’s $56 Billion Pay Package from Tesla

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We’re going to talk about Elon Musk, but first we’ve got to focus. Forget, for a moment, about other recent stories involving the world’s richest man. Forget about his stated initiative to feed “all court cases” to an artificially intellige...

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Companies Going Above and Beyond Clawback Requirements

Colorful jet streams during air show

When it comes to compensation clawbacks, many corporate executives are discovering their own employers have even stricter standards than required by the federal government. In an analysis of 2024 proxy filings, consulting firm FW Cook found...

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Prompted by Advisers, Shareholders Voting Nay on Say on Pay

Breeze through reeds on beach

Historically, voting on executive compensation packages has been a pro forma exercise at the annual meetings of technology manufacturer 3M Co., as pay proposals breeze through with shareholder approval. Not so this year, however. With promi...

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Court Battles for Musk, Cook Highlight New Expectations for Executive Pay

Boxing gloves hanging from a hook

It was a tale of two verdicts recently for a pair of corporate heavyweights and their compensation. On January 30, a Delaware court put the kibosh on a $56 billion pay package for Elon Musk, the mercurial automotive innovator. Judge Kathale...

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