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Elon Musk's $56 billion Tesla pay package in limbo after court voids it
TeslaTesla(US:TSLA) Market Watch·2024-01-31 06:40

A Delaware judge late Tuesday voided Tesla Inc. Chief Executive Elon Musk’s $56 billion compensation package, siding with the shareholder plaintiff and calling the process to arrive at that eye-watering number “deeply flawed.” “Musk had extensive ties with the persons tasked with negotiating on Tesla’s behalf” and the package’s working group included people “beholden to Musk,” Delaware Chancery Court Chancellor Kathaleen McCormick wrote. The judge also called the package, granted some five years ago and, ...