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Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.
(Reuters) -- Tesla shareholders approved CEO Elon Musk's $56 billion pay package, the electric vehicle maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth.
Tesla's annual meeting on Thursday in Austin, Texas, will feature a final vote on a contentious proposal asking shareholders to "ratify the 100% performance-based stock option award to Elon Musk" granted in 2018.
Shares of Tesla popped higher after Elon Musk said shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric car maker's incorporation to Texas.
WILMINGTON, Delaware (Reuters) -- President Joe Biden's son, Hunter Biden, was convicted by a jury on Tuesday of lying about his drug use to illegally buy a gun, making him the first child of a sitting U.S. president to be convicted of a crime.
WILMINGTON, Delaware: President Joe Biden’s son Hunter Biden was convicted by a jury on Tuesday (Jun 11) of lying about his drug use to buy a gun illegally, a verdict Democrats may seize upon to counter Donald Trump’s claim of a justice system weaponised against him. A 12-member jury in Wilmington, Delaware, federal court found the defendant guilty on all three counts against him, making Hunter Biden the first child of a sitting US president to be convicted of a crime. Hunter Biden, 54, lightly nodded his head after the verdict was read but otherwise showed little reaction. He then patted his lawyer Abbe Lowell on the back and hugged another member of his legal team. He then left the courthouse without making a statement. His father, Joe Biden, issued a statement saying he accepted the outcome of the case and would respect the judicial process as his son considers an appeal. The judge set no date for sentencing but added the timeline is usually 120 days. That would place it no later than a month before the Nov 5 US presidential election.
President Joe Biden said Tuesday he will not challenge the federal jury verdict finding his son Hunter Biden guilty on three criminal gun charges.