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.
You’re moving the conversation off-topic, ceo-salary is out of control and this “paypackage” is ridiculous.
CEO salary is in most cases out of control. But you’re ignoring that most of this compensation is in stock. The only reason it’s worth so much today is because Tesla stock went up so much. It wasn’t worth nearly as much when the package was signed.