Tesla Forms New Board Committee as Musk’s $56B Pay Deal Faces Legal Hurdles

Tesla’s board has formed a special committee to craft a fresh compensation package for CEO Elon Musk while his appealed $56 billion 2018 pay deal remains voided by Delaware courts. Board chair Robyn Denholm and independent director Kathleen Wilson-Thompson make up the two-person committee tasked with structuring potential stock options tied to Tesla’s financial, operational and stock performance targets. Similar Posts The committee aims to address two key needs: creating a forward-looking compensation plan and finding ways to pay Musk for past work if courts uphold the cancellation of his 2018 package. That original deal awarded Musk stock options based … Continue reading Tesla Forms New Board Committee as Musk’s $56B Pay Deal Faces Legal Hurdles