Judge orders Tesla to turn over documents on Musk’s compensation plan – fr

Judge orders Tesla to turn over documents on Musk’s compensation plan – fr

A judge ordered Tesla on Monday to hand over documents detailing communications between the CEO Elon MuskElon Reeve Musk The Hill’s Morning Report – Brought to you by Emergent BioSolutions – Biden’s selling point heads to Virginia and Louisiana SpaceX’s Elon Musk has become the coolest capitalist of all Elon Musk asks Twitter for sketch ideas before the appearance of “Saturday Night Live” READ MORE and Tesla’s in-house lawyer regarding discussions surrounding a compensation plan that Musk presented to Tesla’s board of directors in 2018.
The Associated Press reported that a Delaware judge ordered that communications between Musk and his in-house lawyer not be protected, while ruling that other communications requested by lawyers for shareholders remain protected, including communications between other members of Tesla’s board of directors.

Shareholders accused Tesla of approving a massive compensation plan for Musk which they say was crafted by Tesla’s inside lawyer Todd Maron and deputy inside lawyer Jonathan Chang without board input. administration. Tesla has denied the allegations.

The company approved a compensation plan for Musk in 2018 that could be worth more than $ 50 billion. Musk also runs SpaceX, a private spaceflight company, which aims to place private astronauts in space around the moon by 2023.

“Leveraging his control, close personal connections, and reputation for retaliation, Musk co-opted Maron and Chang to help him structure the plan without participating in the committee,” the plaintiffs’ attorneys wrote in petitions asking for the publication of communications, according to the AP.

“Musk and his agents gave the committee a full plan,” they reportedly continued.

The Hill has reached out to Tesla for comment.


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