Tesla expert weighs in on Musk's $56 billion pay package rejection
The Tesla CEO's pay package decision follows a vote back in June
Deja vu has struck Elon Musk's pocket over again.
Months after Tesla (TSLA) shareholders overwhelmingly voted to support CEO Elon Musk's pay package — at the starting up agreed to in 2018 — a Delaware judge has again denied his multibillion-dollar payday.
In a 103-page ruling issued late on December 2, Chancellor Kathaleen St. Jude McCormick of the Delaware Court of Chancery doubled down on an earlier ruling in January that on your entire is termed the package excessive.
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