Elon Musk's pay package granted in 2018 was the largest compensation plan in U.S. history for a public company executive.

Summary

A Delaware judge upheld her earlier decision to void Elon Musk’s $56 billion Tesla CEO pay package, ruling it was improperly granted due to Musk’s control over Tesla and flawed board negotiations.

Tesla’s attempt to overturn the ruling through a shareholder vote was rejected, with the judge warning against revising judgments with new facts post-trial.

Musk called the ruling “absolute corruption” and plans to appeal.

Meanwhile, Musk’s net worth has surged, driven by Tesla’s stock jump following optimism about his alignment with Trump’s policies.

  • betterdeadthanreddit@lemmy.worldEnglish
    31·
    24 days ago

    I do like knowing that anywhere that assclown’s name comes up (or other deserving parties), somebody will chime in with an insult or five. He’ll never see it in almost any conceivable universe but on the off chance that this is the one where he’s browsing !news@lemmy.world comments, at least we can make sure they’re not all neutral or positive.