Summary via ChatGPT

A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.

  • adarza@lemmy.ca
    link
    fedilink
    English
    arrow-up
    19
    ·
    20 days ago

    line everybody up, take turns. ceo for five minutes then retire, collect $2.33 million paycheck, then the next guy is ‘hired’.