Elon Musk wins appeal to restore $56B Tesla pay deal that was called ‘unfathomable'

Elon Musk’s 2018 pay package from Tesla, once worth 56billion,wasrestoredbytheDelawareSupremeCourt onFriday, twoyearsafteralowercourtstruckdownthecompensationdealasunfathomable.TherulingoverturnsadecisionthathadpromptedafuriousbacklashfromMuskanddamagedDelawaresbusinessfriendlyreputation.ThepaypackagewasbyfarthelargesteveruntilTeslashareholdersapprovedanew,evenlargerpayplaninNovember.ElonMusks2018paypackagefromTesla,onceworth56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.”The ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware’s business-friendly reputation.The pay package was by far the largest ever until Tesla shareholders approved a new, even larger pay plan in November.Elon Musk’s 2018 pay package from Tesla, once worth 56 billio ...