Tesla loses bid to reinstate Elon Musk's record $56bn pay package
Source: BBC
Tesla CEO Elon Musk's record-breaking $56bn (£47bn) pay award will not be reinstated, a judge has ruled.The decision in the Delaware court comes after months of legal wrangling and despite it being approved by shareholders and directors in the summer.Judge Kathleen McCormick upheld her previous decision from January, in which she argued that the board were too heavily influenced by Mr Musk.Tesla and Mr Musk can…
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