Judge strikes down Elon Musk’s massive Tesla pay package

Judge strikes down Elon Musk’s massive Tesla pay package

10 months ago
Anonymous $6hYC3Wwiad

https://www.eastbaytimes.com/2024/01/30/judge-strikes-down-musks-massive-tesla-pay-package/

A Delaware state court judge has thrown out the 2018 pay package that helped to make Tesla CEO Elon Musk one of the richest people in the world.

Delaware Chancery Court Chancellor Kathaleen McCormick, who oversaw the bench trial that concluded in November 2022, ruled Tuesday that Musk and the Tesla board “bore the burden of proving that the compensation plan was fair, and they failed to meet their burden.”