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Indebta > News > Tesla loses bid to restore Elon Musk’s $56bn pay package
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Tesla loses bid to restore Elon Musk’s $56bn pay package

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Last updated: 2024/12/02 at 5:41 PM
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

A judge in Delaware on Monday rejected Tesla’s attempt to restore Elon Musk’s $56bn pay package after previously striking it down as a breach of the carmaker board’s fiduciary duty.

Lawyers for the shareholder who brought the original suit were also awarded $345mn, instead of the $5.6bn in Tesla shares that they had requested.

This is a developing story

Read the full article here

News Room December 2, 2024 December 2, 2024
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