Delaware judge blocks Tesla's $56B pay package for Musk, citing flawed negotiation process.

A Delaware judge has once again blocked Tesla CEO Elon Musk's $56 billion pay package, ruling that the board was improperly influenced by Musk. Despite a shareholder vote in June that supported the package, the judge upheld her earlier decision, stating that the negotiation process was flawed and violated corporate governance principles. The judge also ordered Tesla to pay $345 million in attorney fees. Tesla plans to appeal the decision.

December 02, 2024
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