Elon Musk’s $55.8 billion Tesla pay rejected again. What is compensation plan all about?
A Delaware judge reaffirmed her decision against reinstating Elon Musk’s $55.8 billion Tesla compensation plan, deeming it excessive and unfair to shareholders. The June shareholder vote was rejected due to discrepancies and misstatements in provided documents. Legal fees awarded were significantly lower than requested, owing to the judge’s ruling on the fee calculation.