Delaware Supreme Court Reinstates Elon Musk's $55B Tesla Pay Package
The Delaware Supreme Court has overturned a 2024 ruling, reinstating Elon Musk's lucrative 2018 Tesla compensation package valued at approximately $55 billion today. This decision, which reversed Chancellor Kathaleen McCormick's previous findings of unfairness, emphasizes the power of shareholder ratification in curing fairness flaws. While Musk's net worth surges to around $679 billion, the controversy stokes debate over corporate governance and CEO compensation.
Dec 23