What You Need to Know About Elon Musk’s Voided $55 Billion Pay Package
- Musk hints at moving Tesla incorporation to Texas after ruling
- Board in thorny position to offer new package to Musk
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Questions abound after a Delaware judge struck down Elon Musk’s pay package, ruling that the biggest payout ever granted to a corporate executive was unfair and should be voided.
What does this mean for Tesla Inc., which issued the award, and for Musk, who has already been pushing for even more compensation? How might it impact shareholders? And what happens next?