All articles tagged with #compensation dispute
The Delaware Supreme Court reinstated Elon Musk's controversial $56 billion Tesla pay package, which was previously invalidated, citing that rescinding it would be unfair and leave Musk uncompensated for his efforts over six years. The decision follows shareholder approval and legal battles over the package's fairness and Musk's influence, with the court emphasizing Musk's contributions and the lofty goals tied to the compensation.
The Philadelphia Museum of Art (PMA) Union accuses the museum of reneging on a compensation provision in their contract. The provision, known as the "longevity pay increase," was meant to reward employees with incremental salary bumps for every five years of employment. However, the museum now claims that the provision only applies to employees whose anniversaries fall within the three-year lifespan of the contract, causing confusion and inequity. The union plans to take action, including pickets, rallies, and a petition, to pressure the museum to honor the agreed-upon terms.