Headline: UNCAPTIONED: Court Rejects Elon Musk's $56 Billion Tesla Pay Package
Caption:
Court Rejects Elon Musk’s $56 Billion Tesla Pay Package. Elon Musk’s $56 billion Tesla pay package from 2018 will not be reinstated, according to a Delaware court ruling. Despite shareholder and board approval, Judge Kathaleen McCormick found that Tesla’s board was too influenced by Musk, making the pay deal unfair. In response, Musk took to X, stating, “Shareholders should control company votes, not judges”. Tesla plans to appeal, calling the ruling “wrong” and claiming it undermines shareholder authority. This decision cements what would have been the largest compensation deal for a listed company CEO. Musk, the world's richest person with an estimated net worth of $350 billion continues to lead Tesla, SpaceX, and X, despite the legal setback.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Elon Musk,Tesla,court,rejects,$56 billion,pay package,shareholder,board,approval,influenced,X,company votes,appeal,undermines,authority,compensation deal,world’s richest person,Space X,lead,own,estimated,$350 billion
PersonInImage: