Judge allows Musk to appeal $56 billion pay package ruling

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Rina7RS
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Joined: Mon Dec 23, 2024 3:46 am

Judge allows Musk to appeal $56 billion pay package ruling

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12.16 According to Reuters, U. Delaware Court of Chancery Judge Kathaleen McCormick approved Musk and Tesla's appeal to the court in an attempt to restore the $56 billion compensation plan. Tesla shareholder Richard Tornetta filed a lawsuit in 2018, seeking to cancel the compensation plan. Justice McCormick rejected the new compensation plan in January this year, describing the scale as "incomprehensible" and believing that the plan violated the fiduciary duty to investors. Tesla shareholders voted in favor of the plan in June, but McCormick declined to reconsider the ruling earlier this month. Musk and Tesla must appeal to the Delaware Supreme Court within 30 days, and the trial result may take about a year.

2. Swiss listed technology company WISeKey will cooperate with SpaceX to launch a satellite

12.13 Swiss listed technology company WISeKey International Holding said on oman phone number list Friday that its subsidiary will cooperate with Musk's SpaceX to launch a satellite, and its stock price doubled.

The company said a satellite from its subsidiary WISeSatpace is scheduled to launch on January 14 from Vandenberg Space Force Base in California.

The satellite will carry technology to protect the communications of complex quantum computers capable of solving problems beyond the capabilities of conventional computers. Carlos Moreira, founder and CEO of WISeKey, said the launch represents a major step forward in the company’s mission to secure IoT communications and prepare for a postquantum future.
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