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.

  • foggy@lemmy.world
    link
    fedilink
    arrow-up
    29
    ·
    edit-2
    3 months ago

    Wasn’t happy with the last ones what was it like 42?

    Fuck this guy so fucking hard.

    People don’t understand.

    If $50bn was stacked $10 bills, it’d be real high up neat. But if it was ripped over and on the ground… .it’d take OVER 10 HOURS AT HIGHWAY SPEEDS to drive its length.

    For reference $1m would be like 20 parking spaces in $1 bills.

    So… Like… Fuck man.