Tesla Reverses $29 Billion Interim Pay Package for Elon Musk After Delaware Court Decision
Tesla has revoked its $29 billion interim pay package for Elon Musk following the Delaware Supreme Court's decision to restore his original $56 billion compensation award from 2018. The company had implemented the interim package as a contingency measure, which is now being voided in line with its 'no double dip' policy. The decision comes after a prolonged legal battle over the original compensation package.
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Topics: CEO Compensation Elon Musk Legal Disputes Shareholder Rights Tesla