[Fox Business] Tesla asks shareholders reinstate Elon Musk’s pay, move to Texas

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Tesla is asking its shareholders to reinstate CEO Elon Musk’s pay package and to move the company’s incorporation from Delaware to Texas, months after a judge rejected the chief executive’s $56 billion compensation.

Tesla shareholders voted to approve Musk’s pay package in 2018, but a Delaware judge voided it in January, siding with investors that sued to challenge the compensation package, which is the largest ever for a U.S. executive.

This is a developing story and will be updated.

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