Judge Blocks Elon Musk's $56 Billion Tesla Pay Package Amid Legal Battle
A Delaware court has rejected Tesla's attempt to award CEO Elon Musk a $100 billion pay package, citing four 'fatal flaws' in their legal approach. Chancellor Kathaleen McCormick highlighted procedural issues, timing errors, deviation from legal frameworks, and misleading statements in Tesla's ratification argument. Despite a shareholder vote supporting Musk's compensation, the court found Tesla's methods legally insufficient, prompting Tesla to plan an appeal.