Tesla again seeks shareholder nod for Musk's 2018 pay voided by judge

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Tesla is seeking shareholder approval for CEO Elon Musk's $56 billion pay package that was set in 2018 but rejected by a Delaware judge in January. The compensation includes no salary or cash bonus but sets rewards based on Tesla's market value rising to as much as $650 billion over the next 10 years. Musk's pay was rejected by Kathaleen McCormick of Delaware's Court of Chancery, who called it an 'unfathomable sum' that was unfair to shareholders. Tesla disagrees with the court's decision and is urging shareholders to vote in favor of the pay package. The electric automaker is also asking shareholders to approve its decision to move the company's state of incorporation from Delaware to Texas.

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https://finance.yahoo.com/news/tesla-asks-shareholders-vote-musks-110946547.html