Elon Musk’s Tesla Pay Package Is Voided by Judge
Elon Musk, the chief executive of Tesla, suffered a stunning rebuke Tuesday when a Delaware judge voided the pay package that helped make him a billionaire many times over and the world’s wealthiest human being.In a decision that cast a harsh light on the behavior of Mr. Musk and Tesla’s board of directors, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery said the chief executive had effectively overseen his own compensation plan — currently worth about $50 billion — with the help of compliant board members.“The process leading to the approval of Musk’s compensation plan was deeply…
