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
Elon Musk’s $56bn Tesla pay package is too much, judge rules::Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately
So now he has to give half of it back?
He never got it in the first place. Musk only has around 13% of Tesla shares. Combined with few other key players, he’s just below 50%. He tried to blackmail the company to give him 50B$ 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.