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business1d ago
Elon Musk should get his $55 billion Tesla pay package from 2018, Delaware Supreme Court rules
Mrf.lu and 11 more
- The Delaware Supreme Court reinstated Elon Musk's 2018 Tesla pay package, reinforcing a business-friendly stance amid backlash over a huge award.
- The court found voiding the 2018 package inequitable because Musk would remain uncompensated for his time and efforts over six years, justifying reinstatement.
- In 2018, shareholders approved an equity compensation plan that included access to Tesla shares at well below market value, now worth far more than the original estimate.
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