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Delaware judge rejects Elon Musk's $56 billion Tesla pay - again

Economic Times · 4m

A Delaware judge has ruled that Tesla CEO Elon Musk is still not eligible for a $56 billion compensation package, despite a shareholder vote in June to reinstate it. The judge's ruling follows her previous decision in January that deemed the pay package excessive and rescinded it. Tesla plans to appeal the ruling, stating that the judge overruled a majority of shareholders. Musk and Tesla can appeal to the Delaware Supreme Court once a final order is entered. The appeal process could take up to a year.