{"id":17601,"date":"2024-12-02T21:20:25","date_gmt":"2024-12-02T22:20:25","guid":{"rendered":"http:\/\/medexperts.pro\/?p=17601"},"modified":"2024-12-02T22:23:09","modified_gmt":"2024-12-02T22:23:09","slug":"elon-musks-50-billion-tesla-pay-cant-be-reinstated-delaware-judge-rules","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=17601","title":{"rendered":"Elon Musk\u2019s $50 Billion Tesla Pay Can\u2019t Be Reinstated, Delaware Judge Rules"},"content":{"rendered":"<div><\/div>\n<p id=\"article-summary\" class=\"css-79rysd e1wiw3jv0\">The judge said she would not reverse her decision to strike down the compensation package after Tesla shareholders approved Mr. Musk\u2019s pay a second time.<\/p>\n<section class=\"meteredContent css-1r7ky0e\">\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">A Delaware judge on Monday upheld her earlier ruling that a giant pay package that Tesla awarded its chief executive, Elon Musk, must be rescinded.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The pay, in the form of stock options, was worth more than $50 billion and helped make Mr. Musk the richest person on the world.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The judge, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/01\/30\/business\/elon-musk-tesla-pay-package.html\" title>struck down the award<\/a> in January, ruling that shareholders had not been properly informed of its details and that members of Tesla\u2019s board were not sufficiently independent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But lawyers for Tesla and Mr. Musk <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/08\/02\/business\/elon-musk-pay-delaware.html\" title>argued<\/a> that <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/13\/business\/tesla-shareholder-vote-elon-musk.html\" title>a second shareholder vote in June<\/a> in favor of the package cleared the way for effectively reinstating it.<\/p>\n<p class=\"css-798hid etfikam0\"><em class=\"css-2fg4z9 e1gzwzxm0\">This is a developing story. Check back for updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>The judge said she would not reverse her decision to strike down the compensation package after Tesla shareholders approved Mr. Musk\u2019s pay a second time.A Delaware judge on Monday upheld her earlier ruling that a giant pay package that Tesla awarded its chief executive, Elon Musk, must be rescinded.The pay, in the form of stock options, was worth more than $50 billion and helped make Mr. Musk the richest person on the world.The judge, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery, struck down the award in January, ruling that shareholders had not been properly informed of its details and that members of Tesla\u2019s board were not sufficiently independent.But lawyers for Tesla and Mr. Musk argued that a second shareholder vote in June in favor of the package cleared the way for effectively reinstating it.This is a developing story. Check back for updates.<\/p>\n","protected":false},"author":1,"featured_media":17603,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17601"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17601\/revisions"}],"predecessor-version":[{"id":17604,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17601\/revisions\/17604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/17603"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}