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Judge voids $55.8bn Tesla pay deal for Elon Musk in Delaware
TeslaTesla(US:TSLA) Invezz·2024-01-31 19:41

A Delaware judge has invalidated the staggering $55.8 billion pay package awarded to Elon Musk by Tesla Inc (NASDAQ: TSLA), marking a significant legal blow to the billionaire CEO. The ruling, issued by Judge Kathaleen McCormick, comes after a shareholder lawsuit argued that the compensation was exorbitant.This decision not only impacts Musk’s financial standing but also raises questions about corporate governance and executive compensation practices. Notably, the court ruling comes amid reports indicating ...