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The Independent UK
The Independent UK
World
Io Dodds

‘Fatally flawed’: Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package

Elon Musk DE Tesla Inc. Delaware Cathie Wood ElonMusk Richard Tornetta
Elon Musk bought Twitter in 2022 (PA) - (PA Archive)

A Delaware judge has rejected Tesla's bid to ram through a humongous pay package for its CEO Elon Musk after striking it down once already earlier this year.

Judge Kathleen McCormick ruled in January that the proposed $56bn bonanza originally offered by Tesla's board had violated shareholders' rights because the entire "negotiation" process was effectively controlled by Musk.

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