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.

  • oyo@lemm.ee
    5·
    24 days ago

    Eh, I think all those pain receptors in your neck will send signals to your brain just fine, for a while.

    • FuglyDuck@lemmy.worldEnglish
      4·
      24 days ago

      maybe you have a point. But can I loot all his money first and make him watch as i donate it to trans rights, maybe also some no-kill shelters. you know puppies and kittens. also, maybe end homelessness and take a bite out of world hunger?