【特稿】美国一法院放行马斯克原560亿美元薪酬方案

Core Viewpoint - The Delaware Supreme Court has ruled to reinstate Elon Musk's original $56 billion compensation plan, which had been previously annulled by a lower court, marking a significant development in the ongoing legal battle surrounding Musk's compensation [1][2]. Group 1: Court Rulings and Legal Proceedings - The Delaware Supreme Court stated that the lower court did not allow Tesla the opportunity to explain how fair compensation should be assessed [2]. - The original compensation plan, approved by Tesla's board and shareholders in 2018, was valued at approximately $56 billion and included 12 performance targets for Musk to earn stock options [2]. - The lower court's ruling, which invalidated the compensation plan, was made by Chief Judge Katherine McCormick, who ruled it ineffective on January 30, 2024, but this decision was overturned by the Delaware Supreme Court [2][3]. Group 2: Compensation Plan Details - The value of Musk's original compensation plan has increased to approximately $140 billion, and if he exercises all stock options, his ownership stake in Tesla could rise to 18.1% [2]. - A new compensation plan, approved by over 75% of Tesla shareholders in November, could potentially value Musk's holdings at around $1 trillion, with a target of achieving 12 new performance goals [5]. - Tesla's shareholders had previously developed a "Plan B" to allow Musk to purchase approximately 96 million shares at the price set by the original compensation plan, but this plan has now been rendered void [5]. Group 3: Corporate Governance and Future Implications - To prevent future lawsuits from shareholders, Tesla has relocated its corporate registration from Delaware to Texas, implementing state laws that restrict lawsuits from investors holding less than 3% of shares [5]. - Elon Musk is currently the world's richest person, with a net worth exceeding $600 billion, according to Forbes [5].