Musk’s maxi-compensation rejected once more (56 billion) | EUROtoday

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Rejected once more: regardless of the inexperienced gentle from the board of administrators in June, Elon Musk’s max wage as CEO of Tesla (55.8 billion {dollars}) was as soon as once more blocked by Kathaleen McCormick, registrar of the Delaware Court, who already ‘he had rejected it in January, judging it too extreme (it will be the very best in historical past for a listed firm).

McCormick defined that the choice of the Tesla board doesn’t cancel the one taken by the Delaware court docket in January.

Elon Musk responds by attacking the decide

“It is the shareholders who decide, not the judges!”, he clarified on X by republishing a Tesla submit by which he outlined the ruling as “wrong”.
«A decide in Delaware simply overturned the desire of absolutely the majority of shareholders who personal Tesla and who voted twice to pay Elon Musk what he’s price. The Court’s determination is mistaken and we’ll attraction,” the post reads.