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Elon Musk’s $56 billion pay package gets rejected — again
Musk is still the richest man.
In a ruling on Monday, Delaware Chancery Court Judge Kathaleen St. J. McCormick upheld her decision to block the compensation plan over concerns about conflicts of interest following its approval in 2018. After warning shareholders in June that Musk could leave the company if his pay package isn’t approved, Tesla held a vote in hopes of reversing the judge’s decision. Even without the package, Musk still remains the richest man in the world, and Tesla stocks continue to soar following Donald Trump’s win in the US Presidential Election.
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