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A Delaware judge has ruled against Tesla CEO Elon Musk receiving a US$56 billion pay package, despite the company’s shareholders voting in favour of the landmark compensation deal earlier this year. In January, Chancellor Kathaleen McCormick of the Court of Chancery blocked the stock compensation package – which would see Mr Musk paid the enormous sum across a 10-year period – after the performance-based award had been approved by Tesla shareholders in 2018.
Shareholders back Elon Musk in pay fight as Tesla plans Texas move Tesla CEO Elon Musk in line for an $87 billion payday
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