A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted.
The 2018 plan — the largest for a public company executive in U.S. history — had been described as "unfathomable" by the Delaware court, CNBC reported. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla.
