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Musk Risks Losing World’s Richest Title After Pay Package Voided
Elon Musk’s $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk’s wealth if it survives a likely appeal. The decision Tuesday means that more than five years after the electric car maker’s co-founder was granted the largest executive compensation plan in history, Tesla’s board will have to start over and come up with a new proposal. The ruling leaves the future of Musk’s fortune in limbo. Worth some $51.1 billion, the options were one of his most valuable assets. Without them his net worth ... (full story)
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- Jan 30, 2024 8:04pm Jan 30, 2024 8:04pm
- Sovy
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Trading is gambling. So gamble responsibly.
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trade like the 5% contrarians not the 95% losers
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Serious Traders take 'Nyopen' daily for enhanced performance
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Serious Traders take 'Nyopen' daily for enhanced performance
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