Judge cancels Elon Musk’s $56 billion pay package ...News

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Judge cancels Elon Musk’s $56 billion pay package
source : Russia Today ( News ) () 35
Tesla’s shareholders signed off on the record compensation deal because they were “starry-eyed” about their “superstar” CEO, a Delaware judge has ruled A Delaware judge has voided Elon Musk’s $56 billion Tesla pay package, arguing that the company’s board of directors had failed to prove that the billionaire CEO deserved such a high compensation. Musk responded by publicly floating a move to Texas. The 2018 pay deal was the highest in US corporate history, and made Musk the richest man in the world, with an estimated fortune of up to $220 billion as of last year. Under its terms, Musk was given stock options that

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