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Headline : Elon Musks more than $50 billion pay deal at Tesla was rejected again. Here is why

Read more from the original article on here at www.npr.org.





Tags : #elon #musks #than #50 #billion #pay #deal #tesla #rejected #again #here


No. of Paragraph 30

Elon Musk attends a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13. A federal judge this week ruled that Musk's $50 billion pay package from Tesla cannot be reinstated. Allison Robbert-Pool/Getty Images hide caption

A judge has again rejected a more than $50 billion compensation package for Tesla CEO Elon Musk, granting a victory to the shareholder who opposed the pay amount.

In a ruling on Monday, Delaware Court of Chancery Chancellor Kathaleen McCormick said Musk and his attorneys had "no procedural ground for flipping" her previous decision in January that struck down his pay package.

Monday's decision was just the latest twist in a long-running saga over Musk's pay at Tesla. It's a legal fight that dates back to 2018, when Tesla shareholders approved a 10-year performance-based pay package for Musk. 

Read more from the original article on here at www.npr.org.


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