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Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules

Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules
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Elon Musk cannot keep Tesla pay package worth $55 billion, judge rules

DOVER, Del. — Elon Musk is not entitled to landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted Tesla

United statesGreg varalloElon muskTodd maronJude mccormickEvan cheslerIra ehrenpreisChancellor kathaleenWall streetWedbush securities

Musk Risks Losing World s Richest Title With Pay Deal Voided

(Bloomberg) Elon Musk’s $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk’s wealth and put the fate of his companies in question.Most Read from BloombergMusk Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainTech Giants Slide in Late Trading After Earnings: Markets WrapUPS CEO Kicks Off Productivity Drive by C

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Musk Pay Package Voided, Threatening World s Biggest Fortune (3)

Elon Musk’s $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk’s wealth and put the fate of his companies in question.

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Elon Musk slams Delaware after losing rights to $55 billion pay package

Elon Musk is not entitled to landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday.

United statesJude mccormickEvan cheslerIra ehrenpreisGreg varalloTodd maronElon muskChancellor kathaleenWall streetWedbush securitiesHe economyOb marketUsiness and commercial law