Many on Wall Street are mocking Ryan Cohen’s $56B eBay offer — but I have my doubts.
While no trader or seasoned investor I spoke with thinks Ryan Cohen, the CEO of GameStop, will actually manage to acquire eBay, I think it’s still wise not to dismiss him. There are some valid doubts, certainly. For instance, eBay’s market size is significantly larger—around five times that of GameStop. Plus, the meme-driven investors who […]
Elon Musk launches appeal to restore $56B Tesla payday
Elon Musk launched his lawsuit Tuesday to try to recover a $56 billion payday from Tesla, claiming that a lower court judge made multiple legal errors in revoking record-breaking compensation. The 2018 pay package brought about epic growth for the electric car maker, but Musk argued that the lower court was still found unfair to […]
Elon Musk’s $56B Tesla pay rejected again by Delaware judge
A Delaware judge ruled Monday that Tesla CEO Elon Musk is still entitled to $56 billion in compensation, even though the electric car company's shareholders voted in favor of reinstatement. The court ruled that there was no such thing. The ruling by Court of Chancery Judge Kathleen McCormick follows a January ruling that struck down […]
Tesla lawyers ask judge to vacate decision invalidating Musk’s $56B pay package
Lawyers for Elon Musk and Tesla Inc.’s directors are seeking to overturn a Delaware judge’s ruling that ordered the company to back out of Musk’s massive and unprecedented compensation package. Friday’s hearing followed a January ruling in which Chief Justice Katherine St. Jude McCormick concluded that Musk engineered a landmark compensation package in 2018 in […]