Judge rejects Elon Musk's $55.8B Tesla pay package, citing misalignment with shareholder interests.

A US judge has again rejected Elon Musk's $55.8 billion pay package at Tesla, citing concerns over alignment with shareholder interests. The compensation plan, based on performance-based stock awards, was deemed too vague and lacking sufficient correlation with Tesla's performance. This could lead to changes in the company's governance and may prompt Tesla's board to reconsider the proposal.

December 02, 2024
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