Musk Record Tesla Pay Plan Rejected Again by Delaware Judge_老虎社区_美港股上老虎

Musk Record Tesla Pay Plan Rejected Again by Delaware Judge

Bloomberg12-03

Judge declines to embrace shareholder vote favoring 2018 planFinal ruling sets up possible appeal to state’s high courtElon MuskElon Musk’s record-setting Tesla Inc. pay package was again rejected by ...

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McCormick decided to stick with her original finding in January that the company’s board was too much under the influence of the billionaire entrepreneur when it adopted the plan in 2018.The stock options package was initially worth $2.6 billion and spiked to $56 billion by the time the judge canceled it. The package was worth $101.5 billion at Monday’s closing price.Tesla shares dropped 1.8% in extended trading.McCormick’s ruling striking down the highest-ever pay arrangement for a US corporate executive could take a giant bite out of Musk’s wealth and put the fate of his companies in question if it stands up on appeal. 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