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BTCC / BTCC Square / Global Cryptocurrency /
Elon Musk’s $56B Tesla Pay Package Restored by Court Ruling

Elon Musk’s $56B Tesla Pay Package Restored by Court Ruling

Author:
Global Cryptocurrency
Published:
2025-12-20 07:56:02
19
2
BTCCSquare news:

Delaware's Supreme Court has overturned a 2024 decision that voided Elon Musk's $56 billion Tesla compensation package, marking a significant victory for the billionaire CEO. The ruling acknowledges governance flaws but rejects complete rescission, noting Musk delivered exceptional performance—driving Tesla's valuation past $1 trillion between 2018-2024.

The 2018 performance-based grant, now valued at ~$150 billion, awards Musk 303 million shares after Tesla hit aggressive market cap and operational targets. Chancellor Kathaleen McCormick's earlier critique of the board's 'rubber-stamp' approval was overruled, with justices emphasizing the impracticality of denying compensation for six years of transformative leadership.

Shareholders overwhelmingly reaffirmed the package in a June 2024 revote, with over 70% approval. The decision reinforces the latitude granted to superstar CEOs in driving shareholder value, while leaving open questions about board independence in founder-led companies.

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