Friday, 22 November 2024

South Asian Update
South Asian Update

The World in Brief

Judge blocks Musk's 'unfathomable' $56bn Tesla pay

 Published: 11:09, 31 January 2024

Judge blocks Musk's 'unfathomable' $56bn Tesla pay

A judge in the US state of Delaware has annulled a $55.8bn (£44bn) pay deal awarded to Elon Musk in 2018 by the electric car company Tesla.

The lawsuit was filed by a shareholder who argued that it was an overpayment.

Judge Kathaleen McCormick ruled that the Tesla board's approval of the pay package was "deeply flawed."

Advertisement

Latest News

Most Popular