Elon Musk ordered to return $55 billion after judge rules he strong-armed Tesla directors into awarding him the biggest pay packet in corporate history

Published: 31 January 2024 at 00:11

Elon Musk has been ordered by a Delaware court to return the largest pay packet in corporate history, worth $55 billion, after a judge ruled that he strong-armed Tesla directors into awarding him the compensation. The court ruling came in response to a shareholder lawsuit filed by Richard Tornetta, who claimed that Musk and the Tesla directors had engaged in a flawed process to approve the compensation package. Musk, who immediately reacted to the ruling on his social media platform, has been instructed to work on a new pay package for himself.

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