Tesla Stock Drops After Elon Musk's $56 Billion Pay Package Voided by Court
A Delaware court has voided Tesla CEO Elon Musk’s pay package, which awarded him some 300 million options that vested based on hitting performance...
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A Delaware court has voided Tesla CEO Elon Musk’s pay package, which awarded him some 300 million options that vested based on hitting performance...
A Delaware judge on Tuesday invalidated Elon Musk's $56 billion pay package for his work as Tesla's chief executive, siding with a Tesla shareholder who called the package unfair. Musk is one of the world's wealthiest people, according to Forbes Magazine, and his 2018 compensation package for leading the electric-vehicle maker much larger than any executive pay package to date. An investor named Richard Tornetta sued Musk and several Tesla directors in 2018, claiming Musk's pay package was unfair.
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For many of California State University's faculty members, the chancellor's salary and benefits are an example of executive pay run amok.
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