In what is a huge setback for Elon Musk, the Delaware Court of Chancery has again struck down the Tesla CEO’s mammoth pay package, jeopardizing his active role in steering the EV giant. Judge McCormick decided to stick with her original finding in January that the company’s board was “too much under the influence” of Elon when it adopted the plan in 2018. The stock options package, initially worth $2.6 billion, would now be worth $101.5 billion at Monday’s… https://t.co/eYfRtMJ0AO — Sawyer Merritt (@SawyerMerritt) December 2, 2024 To wit, Delaware Chancellor McCormick has for the second time voided Elon Musk’s […]
Read full article at https://wccftech.com/the-delaware-court-of-chancery-again-strikes-down-elon-musks-56-billion-pay-package-even-though-a-majority-of-tesla-shareholders-recently-voted-in-its-favor/
