Judge Annuls $55.8bn Pay Deal Awarded to Elon Musk by Tesla
In a significant development, a judge in Delaware has invalidated a $55.8 billion pay deal granted to Elon Musk by Tesla in 2018. The lawsuit challenging the pay package was filed by a shareholder who argued that it constituted an excessive payment. Judge Kathaleen McCormick ruled that the approval of the pay deal by the…