Elon Musk's pay package granted in 2018 was the largest compensation plan in U.S. history for a public company executive.

Summary

A Delaware judge upheld her earlier decision to void Elon Musk’s $56 billion Tesla CEO pay package, ruling it was improperly granted due to Musk’s control over Tesla and flawed board negotiations.

Tesla’s attempt to overturn the ruling through a shareholder vote was rejected, with the judge warning against revising judgments with new facts post-trial.

Musk called the ruling “absolute corruption” and plans to appeal.

Meanwhile, Musk’s net worth has surged, driven by Tesla’s stock jump following optimism about his alignment with Trump’s policies.

  • FuglyDuck@lemmy.worldEnglish
    12·
    24 days ago

    You’re right. I’d say mean things about him on twitter, but that requires a twitter account… and that’s just gross.

    • bitchkat@lemmy.worldEnglish
      1·
      23 days ago

      Temporarily have a Twitter account because Leon doesn’t like people saying mean things about him.