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Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlash
Elon Musk’s controversial $56bn pay package from Tesla was reinstated by the Delaware supreme court on Friday, two years after a lower court struck down the vast compensation deal as “unfathomable”.
The decision comes less than two months after Tesla shareholders approved a new plan that could be worth $1tn to Musk, already the world’s richest person, in a decade’s time. It overturns a ruling which had prompted a furious backlash from Musk.
Source: www.theguardian.com
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