Judge reaffirms ruling invalidating massive Tesla pay package for Musk ...Middle East

The Hill - Technology
Judge reaffirms ruling invalidating massive Tesla pay package for Musk
source : The Hill ( Middle East ) () 74
A Delaware judge on Monday again blocked Elon Musk’s multibillion-dollar pay package from Tesla.  The controversial compensation agreement, which is now worth more than $100 billion, was reapproved by Tesla shareholders in June. However, Delaware Chancery Judge Kathaleen McCormick declined to overturn her earlier decision invalidating the pay package.  “The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law,” McCormick wrote in Monday’s opinion.  McCormick stuck down the compensation agreement in January, finding that it was not negotiated fairly. After the June shareho

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