Regulation360 (September 18, 2020, 5:39 PM EDT) — Tesla Inc. CEO Elon Musk and the corporate’s board have laid right into a stockholder for launching a Delaware Chancery class go well with in June that paints Tesla’s stock-heavy board compensation practices as unfair and extreme, panning the claims as “cynical and opportunistic.”In a 113-page reply filed late Thursday to the June by-product grievance, attorneys for Musk and 11 present or former administrators argued that the electrical automobile firm’s director compensation plan was truthful and created sturdy incentives for firm progress. Firm revenues have elevated from $413.three million in 2014 to $24.6 billion in 2019, the reply famous.Lead stockholder Police and Hearth Retirement System…
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