Regulation360 (September 18, 2020, 5:39 PM EDT) — Tesla Inc. CEO Elon Musk and the company’s board have laid proper right into a stockholder for launching a Delaware Chancery class go properly with in June that paints Tesla’s stock-heavy board compensation practices as unfair and excessive, 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 current or former directors argued that {the electrical} vehicle agency’s director compensation plan was truthful and created sturdy incentives for agency progress. Agency revenues have elevated from $413.three million in 2014 to $24.6 billion in 2019, the reply well-known.Lead stockholder Police and Fireplace Retirement System…
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