Browsing: Tesla pay package

The pay plan, now valued at approximately $48 billion, had originally received 73% support six years ago but later annulled by a Delaware judge. The company did not immediately release the percentage of shareholders who voted for or against the compensation package.

A Delaware judge, Kathaleen McCormick has voided billionaire Elon Musk’s $55 billion pay package from his company, Tesla. He said Musk ‘dominated the process’ to determine his remuneration.