Core Points - The Delaware Supreme Court restored Elon Musk's 2018 pay package from Tesla, which was previously valued at $56 billion [1] - This decision comes two years after a lower court deemed the compensation deal "unfathomable" and struck it down [1] Company Summary - Elon Musk's compensation package was significant, originally worth $56 billion, indicating the scale of executive compensation in the tech and automotive industry [1] - The restoration of this pay package by the Delaware Supreme Court highlights ongoing legal and governance discussions surrounding executive compensation practices [1]

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.A shareholder named Richard J. Tornetta sued, filing a derivative action in 2018, accusing Musk and the Tesla board of a breach of their fiduciary duties.Musk's 2018 CEO pay package from Tesla, comprised of 12 milestone-based tranches of stock, was unprecedented at the time it was proposed. After it was granted, the pay plan made Musk the wealthiest individual in ...

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By Tom Hals, Jan Wolfe and Abhirup Roy WILMINGTON, Delaware, Dec 19 (Reuters) - Elon Musk's 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, nearly two years after a lower court struck down the compensation deal as "unfathomable." The ruling overturns a decision that had prompted a ​furious backlash from Musk and damaged Delaware's business-friendly reputation. It assures Musk greater control over the company, which he has said is his main concer ...

Union Pacific and Norfolk Southern filed a joint application to the Surface Transportation Board (STB) requesting approval for their proposed $85 billion merger in what would create the first modern transcontinental railroad in the U.S. Filed in four parts, the roughly 7,000-page application states both Class I railroads’ cases for merger approval, arguing the deal would enhance competition by simplifying and standardizing pricing for shipments that must transfer between the two networks. More from Sourc ...

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Palantir (PLTR) has been one of the most explosive stocks of the year. From a low of $63.40, Palantir exploded to a high of about $207.52 for a return of about 229% a share. That means for every $10,000 risked on PLTR since January, you had the opportunity to walk away with about $32,900 in less than a year. More News from Barchart Now back to $191, investors are being handed another opportunity for further upside. Partnering with Nvidia (NVDA) and CenterPoint Energy (CNP), the three launched Chain Re ...

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following special year-end distribution to holders of its common shares.: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.526 December 29, 2025 January 9, 2026 This special year-end distribution, which is in addition to the regular quarterly distribution paid to holders of its common shares, is being paid by the Fund to manage certain federal tax requirements. The. ...

POUGHKEEPSIE, NY / ACCESS Newswire / December 19, 2025 / Rhinebeck Bank, the wholly-owned subsidiary of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB), announced the retirement of Louis Tumolo, Jr., DVM from its Board of Directors, effective December 17, 2025. Dr. Tumolo, a Rhinebeck resident for more than 55 years and owner of the Rhinebeck Animal Hospital, served as a member of the Rhinebeck Bank Board of Directors for over 42 years, the longest tenure in the institution's history. ...

GRAND RAPIDS, Mich., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors has appointed Michael G. Wooldridge to the boards of the Corporation and the Bank. Mr. Wooldridge was formerly a partner with the Varnum law firm where he concentrated on corporate governance, securities, and mergers & acquisitions, representing publicly traded clients on governance and securities c ...