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International Business Times
International Business Times
Business
AFP News

Musk $55.8 Bn Tesla Pay Deal Again Rejected By US Judge

Tesla shareholders originally backed the Elon Musk compensation plan in March 2018 (Credit: AFP)

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote.

In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not override her January decision striking down the package as excessive and unfair to shareholders.

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