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Musk Claims No Role in Setting His $55 Billion Pay Deal at Tesla

From bnnbloomberg.ca

Elon Musk told a Delaware judge he had no role in setting up his $55 billion pay deal to run Tesla Inc. in 2018 and that he was focused instead on solving the complex problem of creating a sustainable electric-vehicle company. “I do not have any understanding of the internal processes by which this compensation structure was obtained,” Musk said during the third day of trial over a lawsuit by a Tesla investor who claims his compensation was excessive and should be returned to the company. Musk, the world’s richest person, said he never discussed his compensation with board members or dictate the terms of the deal. ... (full story)

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