Harvard Corporate Governance

APRIL 23, 2024

Rather than our effort to distill to its essence the complicated, enormous lawsuit that TSLA shareholder Richard Tornetta won against CEO Elon Musk and eight directors to clawback $56 billion in exec comp? Now that TSLA published its preliminary proxy statement for its 2024 AGM, we know how the company wants to respond to that lawsuit.

Comps 131

Comps 131

Reynolds Holding

JUNE 30, 2024

Tesla confronted an enormous challenge in winning support for the two controversial proposals at the 2024 Tesla annual meeting: to ratify CEO Elon Musk’s 2018 pay plan and to redomicile from Delaware to Texas. The exec comp ratification proposal requires approval from a majority of the common shares attending the 2024 annual meeting.

Comps 75

Comps Start-ups 75

Value Scope

JULY 21, 2020

In 2018, the number was about $5 billion. ESG in Equity Analysis and Credit Analysis” was published in 2018 by the PRI, the Principles of Responsible Investment arm of the UN, and the CFA Institute. For example, in a recent valuation we completed, the mean unlevered Beta of a group of 10 comps was 0.58. Sources: [1] [link]. [2]

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Reynolds Holding

JUNE 5, 2024

In 2018, Tesla’s board granted Musk an option package allowing him to acquire as much as 10 percent of the company’s voting stock. One analyst report indicated that Tesla might have to “[d]evise a new comp package that would get Musk directly to [his] 25% voting share bogey.” Securities and Exchange Commission from 2018 to 2020.

Comps 53

Comps Finance Marketability 53

Reynolds Holding

FEBRUARY 12, 2025

Binding acts work much better than non-binding, like opposing exec comp in an advisory say-on-pay vote or supporting even a well-conceived precatory proposal. We also know of at least a couple of exempt solicitations, including BT Brands at NROM in 2024 and Land and Buildings at QTS in 2018.

Comps 49

Comps 49

Value Scope

SEPTEMBER 24, 2020

In 2018, the number was about $5 billion. “The Sam Gafford and Derya Eryilmaz published the results of this project and study, and their outstanding work, in The Electricity Journ al, back in in 2018. For example, in a recent valuation we completed, the mean unlevered Beta of a group of 10 comps was 0.58. ciency bene?t

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130