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.
To put this pay into perspective, you could take it and give everyone in the US that is living in poverty around $1400. It wouldn’t necessarily save them from poverty, but such an amount would undoubtedly help over a million people in a dire situation.
How un-Amercan if you, thinking about this stuff. /s
Anyway, I’m hungry, when do we eat?
Ah but they’ll just use it to buy drugs, or alcohol, or shelter, or food, or transportation when Elon musk will use it to buy something useful like another politician.
Or ketamine.