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A Delaware judge on Tuesday ruled that Elon Musk's record-breaking $56 billion Tesla pay package could be tossed, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders. Shares of Tesla dropped about 3% in extended trade. The ruling may sweep away the largest pay package in corporate America.
A Delaware judge on Tuesday ruled that Elon Musk's record-breaking $56 billion Tesla pay package could be tossed, calling the compensation "an unfathomable sum" that was not fair to shareholders, according to a court filing.
Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately
Tesla’s pay package for Elon Musk was by far the largest deal ever for an executive
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