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Image for article titled The lawyers who quashed Elon Musk's huge pay package want $6 billion

Picture: Lukasz Glowala (Reuters)

In relation to authorized charges, $6 billion can be the crème de la crème. Not even the legal professionals who represented class-action lawsuits filed within the wake of Enron’s collapse received a sixth of that — they pocketed $688 million. But the legal professionals who efficiently argued that Elon Musk’s $56 billion compensation bundle was extreme and unlawful are vying for a $5.6 billion payout in Tesla inventory.

Their reasoning? They worked on contingency for more than five years, that means if the result wouldn’t have been their most well-liked one, they might have gotten zilch. As a substitute, they argued their win for Tesla shareholders “was huge.”

Musk in fact was very sad with the legal professionals’ request, which was submitted to a Delaware decide on Friday. In an X post on the same day, Musk stated, “The legal professionals who did nothing however harm Tesla need $6 billion. Legal.”

In January, a Delaware state courtroom decide struck down Musk’s $56 billion Tesla CEO pay bundle from 2018 that cemented his place as the world’s richest person. The decide discovered that the “course of resulting in the approval of Musk’s compensation plan was deeply flawed.”



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