2 weeks ago
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The BBC is reporting that a judge has ruled that the record-breaking US $56 billion pay award for Tesla chief executive Elon Musk will not be reinstated.
The decision in the Delaware court comes after months of legal wrangling and despite it being approved by shareholders and directors in the summer.
Judge Kathaleen McCormick upheld her previous decision from January, in which she argued that board members were too heavily influenced by Mr Musk.
Reacting to the ruling, Mr Musk wrote on his social media platform, X: “Shareholders should control company votes, not judges.”
Tesla vowed to appeal the ruling, saying the decision was wrong.
English (US) ·