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Tesla Board Must Start Over After $56B Pay Deal Rejected

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Thu, Feb 1, 2024 11:23 AM

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Musk, Tesla board have to start from scratch after $56 billion pay deal thrown out After a Delaware

Musk, Tesla board have to start from scratch after $56 billion pay deal thrown out After a Delaware court threw out Elon Musk's $56 billion pay package on Tuesday, the Tesla chief executive and a board seen as captive to him must find a way to negotiate a replacement contract. It will not be easy. The ruling is spurring on investors who for years have raised concerns about Tesla board independence. This could be a turning point for Musk, who recently said he was uncomfortable transforming Tesla into an artificial intelligence leader if his control did not rise with a new pay package. [Read More]( We're sorry to see you go! If you'd like to stop receiving our emails [Click Here]( [open track][bKyznzsvZiUMVcjCCcaA](

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