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Elon Musk’s $56bn Tesla pay package is too much, judge rules (www.theguardian.com)

submitted 7 months ago by [email protected] to c/[email protected]

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Elon Musk’s $56bn Tesla pay package is too much, judge rules::Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately

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[–] [email protected] 1 points 7 months ago (1 children)

So now he has to give half of it back?

[–] [email protected] 3 points 7 months ago

He never got it in the first place. Musk only has around 13% of Tesla shares. Combined with few other key players, he's just below 50%. He tried to blackmail the company to give him 50B$ or 25% of shares, claiming he just wants to be influential and not to be able to rule the company. But in reality that's not true and the judge knew that. Good for her.