Tuesday, December 3, 2024

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

 https://edition.cnn.com/2024/12/02/investing/elon-musk-pay-package-rejected/index.html

 Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting.

“The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law,” McCormick wrote in a scathing opinion.

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