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Trade Desk’s Jeff Green, Board Sued Over $5 Billion ‘Mega Grant’

July 1, 2022, 8:10 PM

A pension fund filed suit in Delaware against Trade Desk Inc.'s board and billionaire CEO, Jeff Green, challenging an “unprecedented” options “mega grant” to Green that’s allegedly worth at least $819 million and potentially more than $5 billion.

The shareholder derivative lawsuit, made public Thursday, accuses Green of exploiting his “enormous power over the company” to force through the award to himself with the assistance of a “handpicked” board that’s beholden to him.

Although the 10-year grant’s precise value depends on several variables, “whatever its ultimate value, it is one of the largest compensation grants of all time,” according to ...