Summary

A Delaware judge upheld her earlier decision to void Elon Musk’s $56 billion Tesla CEO pay package, ruling it was improperly granted due to Musk’s control over Tesla and flawed board negotiations.

Tesla’s attempt to overturn the ruling through a shareholder vote was rejected, with the judge warning against revising judgments with new facts post-trial.

Musk called the ruling “absolute corruption” and plans to appeal.

Meanwhile, Musk’s net worth has surged, driven by Tesla’s stock jump following optimism about his alignment with Trump’s policies.

  • FuglyDuck@lemmy.world
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    3 months ago

    Good to see.

    this probably hurts him more than me saying he’s an incompetent nepo baby. (the best way to hurt rich fucks is to hurt their wallet, after all.)

      • FuglyDuck@lemmy.world
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        3 months ago

        The guillotine was actually meant to be painless. Properly constructed and sharpened it pretty much is. Or so I’m told.

        • Sterile_Technique@lemmy.world
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          3 months ago

          While a quick and painless death certainly falls short of the misery they cause, I’m more concerned about ending that misery to the masses; it’s not so much about punishing the oppressors. …even if they do deserve to be skinned alive and then drowned in a pool of lemon juice; that’s just more work than it’s worth.

    • takeda@lemmy.world
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      3 months ago

      That sum is close to the 44 billion spent on Twitter, could that somehow be the payment for it via inflating Tesla stock price?

    • coyootje@lemmy.world
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      3 months ago

      I think hurting his ego also hurts him, just look at the amount of people that get banned from X for doing it.