Elon Musk's Massive Tesla Pay Package Struck Down By Judge—Again

ToplineA judge in Delaware struck down a record-breaking pay package for billionaire Elon Musk for a second time—despite the $50 billion in stock options being approved by Tesla shareholders in June—upholding her previous judgment that the company’s shareholders were too under the influence of Musk to approve the package.AFP or licensors Key FactsMonday’s ruling by Chancellor Kathaleen McCormick of the Court of Chancery upheld that Musk had too much sway over the Tesla board when it approved his 2018 pay pa ...