Judge Upholds Rejection of Musk's $56B Tesla Pay Package

A Delaware Chancery court judge has upheld her decision to nullify Elon Musk's $56 billion compensation package from Tesla, despite a shareholder vote to re-ratify the deal. Judge Kathaleen McCormick cited multiple legal flaws in Tesla's attempt to overturn her ruling, including procedural issues and misstatements in the proxy statement. The decision follows a lawsuit by Richard Tornetta, who argued that the package was unfairly influenced by Musk's control over Tesla's board. Tesla is expected to appeal the decision.