A Delaware judge upheld her decision voiding Elon Musk's $56 billion Tesla pay package, ruling it was improperly granted due to Musk's control over Tesla's board. Tesla plans to appeal, while Musk criticized the ruling as "absolute corruption." The court awarded $345 million in attorney fees to shareholders who challenged the plan. Despite setbacks, Musk’s net worth has surged, fueled by Tesla stock gains.
A Delaware judge upheld her decision voiding Elon Musk's $56 billion Tesla pay package, ruling it was improperly granted due to Musk's control over Tesla's board. Tesla plans to appeal, while Musk criticized the ruling as "absolute corruption." The court awarded $345 million in attorney fees to shareholders who challenged the plan. Despite setbacks, Musk’s net worth has surged, fueled by Tesla stock gains.