Elon Musk’s $56bn pay
Tesla attempt to save Elon Musk’s $56bn pay package gets sceptical reception
Delaware judge is considering whether a shareholder vote should override her decision invalidating record award
Musk, the billionaire chief executive, raged against the decision, and Tesla put the 2018 package to shareholders for a second vote in June. It passed, and Tesla returned to court to ask McCormick to reconsider.
Despite McCormick’s findings about the conflicts between Musk and members of the Tesla board, the company and many shareholders believe that he has earned his outsized pay award.