Tesla CEO Elon Musk attends a conference organised by the European Jewish Association, in Krakow, Poland, Jan 22, 2024. (Photo: Reuters)
DELAWARE – In throwing out Elon Musk’s US$55 billion Tesla pay deal, a Delaware judge began her legal opinion with a simple question: “Was the richest person in the world overpaid?”
After about a year’s consideration and 200 pages of legal reasoning, her answer was clear: Yes. Yes he was.
Chancery Court Chief Judge Kathaleen St. J. McCormick on Tuesday agreed with a Tesla investor who claimed the 2018 pay package failed to clearly show what was required of Musk to earn the money…
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