Musk $55.8 bn Tesla pay deal again rejected by US judge

Musk $55.8 bn Tesla pay deal again rejected by US judge …C0NTINUE READING HERE >>>

Tesla shareholders originally backed the Elon Musk compensation plan in March 2018.
Photo: Allison ROBBERT / POOL/AFP/File
Source: 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…

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