Tesla loses bid to restore Musk’s record $56bn pay package

Delaware judge rejects shareholders’ overwhelming reapproval of award for chief of electric-car maker

Topics

Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

Elon Musk's pay package granted in 2018 was the largest compensation plan in U.S. history for a public company executive.
CNBC - 19h
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted.
NBC News - 19h
Elon Musk’s $56bn Tesla pay package rejected again by US judge

Kathaleen McCormick in Delaware rules Musk not entitled to vast sum despite Tesla shareholders voting to reinstate it. A judge ruled on Monday that Tesla chief executive Elon Musk is still not ...
The Guardian - 21h
Musk's record $56bn pay deal rejected for second time

The judge upheld her previous decision, saying board members who set the pay were too heavily influenced by Mr Musk.
BBC News - 11h
Will Elon Musk Ever Collect His Full Tesla Pay Package?

The electric vehicle maker vowed to appeal after a Delaware judge rejected the tech mogul’s massive compensation deal for a second time.
The New York Times - 7h
Delaware Judge Upholds Ruling That Denied Musk Massive Tesla Pay Package

Chancellor Kathaleen St. Jude McCormick cited ‘multiple, material misstatements’ in a company proxy statement as she reaffirmed earlier rulings scrapping the CEO’s $56 billion compensation award.
Inc. - 5h
Judge reaffirms ruling invalidating massive Tesla pay package for Musk

A Delaware judge on Monday again blocked Elon Musk’s multibillion-dollar pay package from Tesla. The controversial compensation agreement, which is now worth more than $100 billion, was reapproved ...
The Hill - 3h