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A decision by a Delaware judge to throw out Elon Musk's $56 billion pay plan could alter the way CEO compensation is decided at companies across America.
A high-profile legal team, led at trial by a former corporate-defense lawyer, handled the case that led to the Tesla CEO’s pay deal being nixed.
The Delaware court could pay the firm up to one-third of the ‘benefit conferred’ by the ruling – in other words, how much value was restored to shareholders.
A decision by a Delaware judge to throw out Elon Musk's $56 billion pay plan could alter the way CEO compensation is decided at companies across America.
Elon Musk said Tesla would move “immediately” to hold a shareholder vote to switch the electric carmaker’s state of incorporation to Texas after a court in Delaware voided his $56 billion pay package.