01-31-2024, 09:43 AM
A Delaware judge has voided Elon Musk’s 2018 $56 billion Tesla compensation package. The bottom line being that the package’s origins were with Musk himself and rubber stamped by a board filled with family members and cronies. The judge ruled that shareholders were essentially defrauded and the compensation package, which vaulted Musk to the world’s richest person list, was designed to allow Musk to take total control of the company.
It was the stock options from this package that Musk leveraged to buy Twitter, a company now worth the $44 million he paid for it.
Tesla is also struggling with production delays and problems coupled with increased competition.
It was the stock options from this package that Musk leveraged to buy Twitter, a company now worth the $44 million he paid for it.
Tesla is also struggling with production delays and problems coupled with increased competition.
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