Reported 2 months ago
Tesla's attorneys have requested a Delaware judge to overturn a decision that invalidated Elon Musk's expansive pay package, which could amount to $56 billion. The judge previously ruled that Musk manipulated negotiations with non-independent directors. Despite this, Tesla shareholders reaffirmed the pay package in a recent vote, which defense attorneys argue reflects shareholder democracy. The judge expressed skepticism, noting no precedent exists for such post-trial votes in Delaware law.
Source: YAHOO