Elon Musk pay package at Tesla challenged in court
https://apnews.com/0e34385b554305c66c7956e204447ac4
WILMINGTON, Del. (AP) — Testimony began Monday in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion.
The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by Tesla board members who had conflicts interest due to personal and professional ties to Musk.