Musk tipped for new Tesla pay deal after judge throws out US$56B package

Elon Musk reacted angrily to a Delaware judge’s ruling that his pay award at electric car maker Tesla was unlawful. In a judgement on Tesla’s chief executive’s package of pay and share incentives, Judge Kathaleen McCormick ruled the US$56 billion package “unfathomable.” McCormick wrote: “The incredible size of the biggest compensation plan ever - an unfathomable sum - seems to have been calibrated to help Musk achieve what he believed would make ‘a good future for humanity’.” The judgement sparked an immedi ...