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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
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    1 day ago

    the 56b divvied up would be about 400k per employee (based on 2023 headcount from wiki). i think he’s fired more than hired this year, so it’d be a bit more than that.

    • danc4498@lemmy.world
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      1 day ago

      Life changing amounts of money. Instead he’s getting bragging rights to the 5 other people in the world like him.

        • Maggoty@lemmy.world
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          15 hours ago

          I didn’t think he’d mind the paraphrase. It’s another idea Carlin talked about in his shows.

          • Aceticon@lemmy.world
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            14 hours ago

            Unlike the politicians and fatcats so loudly celebrated when they lived and so mourned when they died, by the Media, George Carlin was one of the truly great people of the second half of the XX century.