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Elon Musk Loses the World’s Largest Executive Compensation Plan

NewsTech

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Elon Musk Tesla

In a striking development that poses grave ramifications for Elon Musk's status as the world's richest person, a Delaware court has now voided the Tesla CEO's 2018 compensation plan, widely believed to be the world's largest such executive pay package. Tesla underwent a trial in Delaware in 2022, where some shareholders asserted that Elon Musk's 2018 compensation plan should be voided by the court as it was a result of sham negotiations, with direct dictation from Musk himself. The plaintiffs argued that the shareholders, who ultimately approved the compensation plan, were never informed that Elon Musk directly dictated the specific […]

Read full article at https://wccftech.com/elon-musk-loses-the-worlds-largest-executive-compensation-plan/

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