- cross-posted to:
- economy
- cross-posted to:
- economy
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.
Unfortunately his wallet isn’t hurting. He’s still rich.
So what you’re saying is, more hurt!