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Tesla hands $29B comp package to Elon Musk amid ‘AI talent war’
The plan would be voided if the Delaware Supreme Court overturns the decision to spike Musk's $56B comp plan from 2018. A judge ruled in 2024 that plan was unfairly negotiated.
The massive pay package is being allocated through a 2019 Equity Incentive Plan that is already approved by shareholders, so it won’t go to a vote, according to a regulatory filingand Ann Lipton, a professor at the University of Colorado Law School. Musk’s involvement in the 2018 compensation package was one of the reasons why Delaware Chancery Court judge chancellor Kathaleen McCormick decided to strike it down following a trial sparked by a shareholder lawsuit. 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.
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