"Elon Musk is entitled to his $55.8 billion Tesla pay package from 2018, Delaware's Supreme Court ruled. A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company. The Delaware Supreme Court's ruling overturns that decision, saying it was too extreme a remedy."
"A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company. The Delaware Supreme Court's ruling overturns that decision, saying it was too extreme a remedy. Tesla shareholders recently approved an even bigger pay package of up to $1 trillion for Musk if Tesla achieves further sales and growth goals."
Delaware's Supreme Court ruled that Elon Musk is entitled to his $55.8 billion Tesla pay package from 2018. A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday that was tied to a series of growth goalposts for the EV company. The Delaware Supreme Court overturned that decision, finding the remedy too extreme. Separately, Tesla shareholders recently approved an even larger pay package potentially worth up to $1 trillion if Tesla achieves further sales and growth goals. The legal and corporate developments are ongoing.
Read at Business Insider
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