Will Elon Musk Ever Collect His Full Tesla Pay Package?

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Tue, December 3, 2024

[ Tue, Dec 03rd 2024 ]: Bill Williamson

Will Elon Musk Ever Collect His Full Tesla Pay Package?

[ Tue, Dec 03rd 2024 ]: Bill Williamson

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Will Elon Musk Ever Collect His Full Tesla Pay Package?

//business-finance.news-articles.net/content/202 .. usk-ever-collect-his-full-tesla-pay-package.html

Published in Business and Finance on Tuesday, December 3rd 2024 at 9:30 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The electric vehicle maker vowed to appeal after a Delaware judge rejected the tech mogul's massive compensation deal for a second time.

The article from The New York Times discusses a significant legal setback for Elon Musk concerning his compensation package at Tesla. A Delaware judge ruled against Musk's $56 billion compensation plan, which was initially approved by Tesla's board in 2018. The decision came after a lawsuit by a Tesla shareholder who argued that the compensation was excessive and not in the best interest of the company or its shareholders. The judge found that the process leading to the approval of Musk's pay package was deeply flawed, with conflicts of interest among board members and inadequate negotiation. This ruling has implications for corporate governance, executive compensation, and could potentially affect Musk's future at Tesla, as well as how companies structure executive pay moving forward. The article also touches on reactions from Tesla's board, shareholders, and the broader implications for Musk's other business ventures.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/2024/12/03/business/dealbook/musk-tesla-pay-delaware.html ]