A Delaware judge again struck down Elon Musk’s $55 billion pay package. Legal experts walked BI through what the appeal process could look like for Tesla. Tesla may also reintroduce the package in Texas, a strategy that could end up costing shareholders more. Elon Musk’s battle over his Tesla pay is entering a new phase. A…
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO’s pay deal by the company’s shareholders, a Delaware judge ruled on Monday. Below is a look at what could come next for Tesla and its billionaire founder, who is still…
The Delaware judge who denied Tesla (TSLA) CEO Elon Musk a $56 billion compensation package once did so for a second time on Monday, dealing a fresh legal defeat to the billionaire as he prepares for a major role in President-elect Donald Trump’s new administration. The ruling all but assures another court battle over Musk’s…