article thumbnail

Tornetta v. Musk: Post-Trial Opinion

Harvard Corporate Governance

The plan offers Musk the opportunity to secure 12 total tranches of options, each representing 1% of Tesla’s total outstanding shares as of January 21, 2018. With a $55.8 billion maximum value and $2.6

EBITDA 337
article thumbnail

Chancery Invalidates Elon Musk’s $55.8 Billion Equity Compensation Package

Harvard Corporate Governance

1] The plaintiff-stockholders alleged that Tesla’s directors breached their fiduciary duties by awarding Musk performance-based stock options in January 2018 with a potential $55.8 A February 8, 2018 proxy statement (the “Proxy”) notified stockholders of a vote on the Grant, which was held on March 21, 2018. Tornetta et al.

Equity 225
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Formula 1 in Las Vegas: The Race That Hopes You Don’t Sleep

Value Scope

viewership of F1 races jumped about 545,000 in 2017 and 2018 to 672,000 to 949,000 in 2021 and 1.2 billion of annual revenue and $560 million of EBITDA. It’s current market capitalization is approximately $15 billion. Average U.S. million in 2022. Formula One Group, founded in 1950, was purchased for $4.4

Start-ups 130
article thumbnail

Breaking Ties: Kraft Heinz Closes Business Operations in Russia

Valutico

Recent M&A deals KHC has been making headlines with strategic moves like acquiring Cerebos Pacific in 2018 and selling off assets such as its Indian nutritional beverage and Canadian natural cheese businesses in 2019. Adjusted EBITDA decreased 5.8% In comparison to Kraft Heinz Company market capitalization of USD 47.4

article thumbnail

Breaking Ties: Kraft Heinz Closes Business Operations in Russia

Valutico

Recent M&A deals KHC has been making headlines with strategic moves like acquiring Cerebos Pacific in 2018 and selling off assets such as its Indian nutritional beverage and Canadian natural cheese businesses in 2019. Adjusted EBITDA decreased 5.8% In comparison to Kraft Heinz Company market capitalization of USD 47.4

article thumbnail

Tobacco Leader’s ESG Transformation

Valutico

A notable downturn occurred in April 2018, with the stock plunging 16% due to slowed growth in its IQOS product in Japan, leading to industry-wide concerns. The year 2018 ended with PMI’s stock down by 36.8%, further impacted by a downgrade from Credit Suisse and Altria’s significant investment in e-cigarette company JUUL Labs.

article thumbnail

Will luxury brand LVMH continue to outpace the stock market?

Valutico

With a market capitalization of €395 billion, it is the most valuable company in Europe. In early 2018 the company traded at €250 per share. The Trading Comparables analysis resulted in a valuation range of €305 billion to €492 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E.