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Elon Musk won’t get his $55 billion pay package after all
The pay package was first approved in 2018.
Elon Musk isn’t going to get that $55 billion pay package after all, a Delaware Chancery Court judge has ruled. The trial hinged on a specific question: did Musk mislead the shareholders when he gave them the plan? “Defendants were unable to prove that the stockholder vote was fully informed because the proxy statement inaccurately described key directors as independent and misleadingly omitted details about the process,” McCormick wrote in her decision.
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