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A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.

  • RubberElectrons@lemmy.world
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    21 days ago

    Martin Eberhard et al built Tesla. They hacked a Porsche apart and used laptop cells to make it scary fast, and inexpensive. Musk never founded the company, nor did he contribute to the engineering in a meaningful way.

    Melon isn’t an engineer, he’s a fuckin dead weight clown who is damn good at convincing people he matters.