Delaware Chancellor Rules Musk’s Tesla Pay Package Was Unfair To Shareholders

(February 1, 2024, 2:30 PM EST) -- DOVER, Del. — More than a year after the conclusion of a five-day trial, a judge in the Delaware Court of Chancery determined that Elon Musk is not entitled to a nearly $56 billion pay package from Tesla Inc., agreeing with an investor in the auto manufacturer who brought a shareholder derivative complaint alleging that the process by which the terms of the package were drafted was not fair....