Elon Musk’s $56B Tesla pay deal is unfair, judge rules

Elon Musk’s $56B Tesla pay deal is unfair, judge rules

8 months ago
Anonymous $6hYC3Wwiad

https://techcrunch.com/2024/01/30/elon-musks-56b-tesla-pay-deal-is-unfair-judge-rules/

A Delaware judge ruled Tuesday that Elon Musk’s $56 billion multi-billion pay package is unfair, voiding the largest in compensation deal in corporate history.

The decision, issued Tuesday in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that Musk, the world’s richest person, can’t keep the 2018 compensation package. The ruling can be appealed. Chancery Daily, which tracks Delaware Chancery Court matters, first reported the decision on Threads.

Elon Musk’s $56B Tesla pay deal is unfair, judge rules

Wed Jan 31, 3:16am UTC
https://techcrunch.com/2024/01/30/elon-musks-56b-tesla-pay-deal-is-unfair-judge-rules/ > A Delaware judge ruled Tuesday that Elon Musk’s $56 billion multi-billion pay package is unfair, voiding the largest in compensation deal in corporate history. > The decision, issued Tuesday in the Delaware Court of Chancery by Judge Kathaleen McCormick, means that Musk, the world’s richest person, can’t keep the 2018 compensation package. The ruling can be appealed. Chancery Daily, which tracks Delaware Chancery Court matters, first reported the decision on Threads.