Delaware Court Overturns Elon Musk’s $56 Billion Pay Package at Tesla
In a surprising turn of events, Delaware Chancery Court judge Kathaleen McCormick has overturned Tesla CEO Elon Musk’s 2018 pay package, which was worth a staggering $56 billion. Judge McCormick deemed the process “unfair” and the amount “unfathomable.” This ruling is likely to cause displeasure not only for Musk and Tesla’s board, but also for the retail shareholders of the electric vehicle giant.
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