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Why Elon Musk's battle with Delaware is about more than a $55 billion pay package

Elon Musk was dealt a heavy blow by a Delaware judge who ruled his pay package was unfair. It could have serious ramifications for Tesla. ....

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Elon Musk Fumes as Judge Takes His $55 Billion

A Delaware judge has voided Tesla CEO Elon Musk's gargantuan $55 billion pay package following a lawsuit by shareholders claiming it was far too much wealth to award a single individual. In a ruling this week, Delaware judge Kathaleen McCormick called the billionaire's cushy take-home "an unfathomable sum," arguing it was unfair to shareholders. Uncontested, […] ....

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Explainer-The case against Elon Musk's $56 billion pay package

A Delaware judge on Tuesday invalidated Elon Musk's $56 billion pay package for his work as Tesla's chief executive, siding with a Tesla shareholder who called the package unfair. Musk is one of the world's wealthiest people, according to Forbes Magazine, and his 2018 compensation package for leading the electric-vehicle maker much larger than any executive pay package to date. An investor named Richard Tornetta sued Musk and several Tesla directors in 2018, claiming Musk's pay package was unfair. ....

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Elon Musk is no longer the richest man in the world. Here's who beat him

Bernard Arnault, CEO of French luxury giant LVMH, beat Elon Musk as the world's richest person with a net worth of $207.8 billion, driven by a $23.6 billion surge.
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