Elon Musk

Tesla CEO Elon Musk’s pay bundle from 2018 was voided by a judges ruling on Tuesday (Jan. 30).
Picture: Gonzalo Fuents (Reuters)

A Delaware state court docket decide has struck down Elon Musk’s $55 billion Tesla CEO pay package from 2018 that cemented his place as the world’s richest person.

In a ruling filed Tuesday in Delaware Chancery Court docket, Choose Choose Kathaleen McCormick discovered that defendants in a lawsuit, which embrace Musk Tesla’s board, failed to satisfy the burden in proving that“the compensation plan was truthful.”

This can be a growing story and shall be up to date.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *