pay
New York (AFP) - Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a US court earlier this year. In a filing with federal regulators on Wednesday, Tesla Chair Robyn Denholm said the board of directors stood by the original package and argued that the company's "entrepreneurial spirit" had always been one of "big risks for the chance of big rewards." Musk's payout -- worth as much as $55.8 billion in 2018 -- was voided in January by a Delaware court, ruling on a compla...
AFP
Washington (AFP) - The US men's and women's national soccer teams will receive equal pay under new contracts that feature an unprecedented split of World Cup prize money, the US Soccer Federation announced Wednesday. "This is a truly historic moment," US Soccer president Cindy Parlow Cone said. "These agreements have changed the game forever here in the United States and have the potential to change the game around the world." The landmark collective bargaining agreements (CBAs) reached between the federation and its senior national teams will see US Soccer distribute millions of dollars more ...
AFP
Washington (AFP) - The US national women's team has won a $24 million payout and a promise of equal pay in a landmark settlement with US Soccer, the two sides announced Tuesday in a joint statement. "US Soccer has committed to providing an equal rate of pay going forward for the Women's and Men's National Teams in all friendlies and tournaments, including the World Cup," the terms of the deal, sent to AFP, said. The question of World Cup prize money had formed a prominent part of the lawsuit filed by the US women's soccer team in 2019, which accused the federation of "stubbornly refusing" to p...
AFP
Washington (AFP) - The US national women's team has won a $24 million payout and a promise of equal pay going forward in a landmark settlement with US Soccer, the two sides announced Tuesday in a joint statement. "U.S. Soccer has committed to providing an equal rate of pay going forward for the Women's and Men's National Teams in all friendlies and tournaments, including the World Cup," the terms of the deal, sent to AFP, said. The agreement stipulates that $22 million will be distributed to the players, while $2 million will go into an account to benefit them "in their post-career goals and c...
AFP
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