The car maker’s board is under pressure after a judge ruled this week that its billionaire CEO has to forfeit the largest ever incentive package. What happens next?
(Oct 27): Tesla Inc’s decision to give chief executive officer Elon Musk a pay package that could be worth more than US$50 billion wasn’t excessive given the electric-car maker’s stratospheric rise in value over the last decade, his lawyers said in a court filing. Musk, the world’s richest person, must face a Delaware judge at a trial Nov 14 to counter accusations he steamrolled Tesla directors in 2018 to award him what may turn out to be one of the corporate world’s biggest pay deals ever.