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Lawyers Who Voided Musk's "Excessive" $56 Billion Pay-Plan Seek $6 Billion Worth Of Legal Fees
In case you were wondering whether or not the lawyers challenging Elon Musk's pay plan were doing pro bono work on behalf of Tesla shareholders, that answer is starting to look like a resounding "no". That's because it was reported on Friday that the lawyers who voided the "excessive" $56 billion pay plan are seeking $6 billion in Tesla stock as compensation. After all, who would know better about excessive compensation? The fee works out to $288,888 per hour, a report from Reuters said. "We recognize that the requested fee is unprecedented in terms of absolute size," the three firms said in a filing at the Court ... (full story)
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- pt49
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