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Elon Musk's $56bn Tesla pay package is too much, judge rules
TeslaTesla(US:TSLA) The Guardian·2024-01-31 07:06

A Delaware judge on Tuesday ruled in favor of the investors who challenged billionaire Elon Musk’s $56bn Tesla pay package as excessive, a court filing showed. The judge found that Musk’s compensation was inappropriately set by the electric-vehicle maker’s board and struck down the package. If the decision survives any potential appeal, the Tesla board will have to come up with a new compensation package for Musk.“Never incorporate your company in the state of Delaware,” Musk responded on X, formerly Twitte ...