[TechWeb] News on January 10, according to foreign media reports, after Musk’s salary plan was rejected again by the judge, the outside world is also paying attention to the follow-up progress of the matter.
Tesla has previously said that the court ruled wrongly and will appeal.
On Wednesday, local time, foreign media reported that Tesla has formally appealed this.
According to the latest reports from foreign media, Tesla is not only facing trouble in terms of salary, but also many of the company’s directors.
They have also been sued for overpaying.
However, unlike Musk, their overpaying case has been settled, and the settlement agreement has been approved by a judge.
Foreign media reports show that the Tesla director’s overpay case involves many people, including Chairman Robyn Denholm and Director James Murdoch, and targets salaries between 2017 and 2020.
, The case of Tesla’s director compensation was filed by the Detroit City Police and Fire Retirement System.
Just as Musk’s salary plan led to a significant increase in value due to the rapid rise in stock price, which led to litigation, the compensation lawsuit against Tesla directors was also related to a sharp rise in stock price.
Tesla’s share price rose 10 times during the period covered by the lawsuit, which led to prosecution and excessive charges.
The settlement in the Tesla director’s pay case was approved by Delaware Judge Kathaleen St. J. McCormick, who has twice previously rejected Musk’s pay plan.
Under the settlement agreement, several Tesla directors, including Robin Dehomme, director James Murdoch, agreed to refund $919 million to resolve litigation against them over compensation, but they did not admit any wrongdoing.
, While approving the settlement agreement, Katherine McCormick also decided to pay $176 million to the plaintiff’s team of lawyers.
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