Elon Musk’s $50 Billion Tesla Pay Can’t Be Reinstated, Delaware Judge Rules
Published On Dec 2, 2024, 5:20 PM
A Delaware judge upheld a ruling to rescind Elon Musk’s $50 billion pay package from Tesla, citing insufficient shareholder information and lack of board independence. This decision comes despite a second shareholder vote that had approved the package.
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The ruling may lead to investor concerns regarding corporate governance and how executive compensation is structured in Tesla, potentially affecting shareholder sentiment negatively.
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