Friday, June 27, 2025

Elon Musk’s $56 billion Tesla compensation is too much, judge rules

Wednesday, January 31, 2024, 1:26
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In a landmark ruling, Chancellor Kathaleen St. Jude McCormick of Delaware’s Court of Chancery invalidated Elon Musk’s staggering $56 billion compensation package from Tesla, deeming it unfairly beneficial to Musk and detrimental to shareholders. The decision, stemming from a shareholder lawsuit, highlighted flawed negotiation processes and potential conflicts of interest, notably involving Musk’s former divorce attorney.

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