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Judge confirms decision to sink Elon Musk’s $56B pay package despite Tesla shareholder vote
Delaware Chancery court judge Kathaleen McCormick has denied Tesla's request to revise her decision to strike down CEO Elon Musk's $56 billion pay package
He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane. Delaware Chancery court judge Kathaleen McCormick has denied Tesla’s request to revise her decision to strike down CEO Elon Musk’s $56 billion pay package — despite shareholders voting at the company’s annual meeting this year to “re-ratify” the deal. Her decision, laid out in a 103-page opinion published on Monday, explains that the attempt by Tesla’s legal team — which Musk has called “ hardcore ” — to change her mind contained multiple flaws, each of which were fatal on their own.
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