Bernstein Litowitz Berger & Grossman partner Gregory Varallo told Chancellor Kathaleen McCormick the plan should be invalidated entirely, at a minimum taking back three tranches of the plan awarded based on Tesla's performance under Musk's leadership.
February 21, 2023 at 06:56 PM
3 minute read
Tesla and its directors didn’t give shareholders the full picture of the $56 billion compensation plan they approved for Elon Musk, counsel for an investor said during post-trial argument Tuesday afternoon.
Bernstein Litowitz Berger & Grossman partner Gregory Varallo told Chancellor Kathaleen McCormick the plan should be invalidated entirely, at a minimum taking back three tranches of the plan awarded based on Tesla’s performance under Musk’s leadership.
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Tesla CEO Elon Musk. Photo by: Christos S/Shutterstock
