[TechWeb] December 4 news, according to foreign media reports, on Monday local time, Delaware Judge Kathaleen St. J. McCormick, who ruled at the beginning of the year that Tesla canceled the sky-high salary plan for Musk, rejected the request submitted by Musk and Tesla’s board of directors ‘lawyers to cancel the ruling at the beginning of the year and upheld the original ruling.
Musk’s salary plan, which was overwhelmingly re-approved at the shareholders’ meeting, was again shelved.
According to the latest reports from foreign media, Tesla also responded after McCormick made the ruling.
Foreign media reports show that shortly after McCormick rejected a request submitted by Musk and Tesla’s board of directors to cancel the ruling at the beginning of the year, Tesla said on official social media that a judge in Delaware rejected the opinions of the vast majority of Tesla shareholders, who voted twice to pay Musk what he deserved.
Tesla also said on social media that the court’s ruling was wrong and that they would appeal, saying that if the ruling was not overturned, it would mean that the judge and plaintiff’s lawyers were managing the Delaware company, not the shareholders, the legal owner of the company.
Regarding McCormick’s ruling, Musk believed that shareholders ‘voting decisions should be followed.
He had said on social media that shareholders should control the company’s voting rights, not judges.
Tesla’s appeal means that Musk’s salary case will enter the Delaware Supreme Court.
Legal disputes surrounding the case may last for months or even years.
Before the final ruling, his salary plan will be legally pending.
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