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A judge in the US State of Delaware voided the $56 billion compensation package of Tesla Chief Executive, Elon Musk, on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid.
Elon Musk is not entitled to a landmark compensation package awarded by Tesla's board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted Tesla CEO Musk and directors of the company.…
By Mariko OiBusiness Correspondent30 January 2024Updated 37 minutes agoimage source, Good picturesA judge in the US state of Delaware has struck down a
Elon Musk is not entitled to a landmark compensation package awarded by Tesla's board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday.