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A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion. The ruling in a Delaware
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.
Tesla CEO Elon Musk’s massive $55 billion pay package was struck down by a Delaware judge after shareholders sued to block it.
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.
Delaware Governance Institute brings top leaders to campus