Musk's record Tesla pay plan rejected again

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International Business News: Elon Musk's record-setting Tesla pay package was again rejected by a Delaware judge even after shareholders supported reinstating it.

The stock options package was initially worth $2.6 billion and spiked to $56 billion by the time the judge cancelled it.

Musk, 53, spent much of Oct campaigning for Donald Trump, including speaking at a Madison Square Garden rally in New York City about a week before the election.

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Category: EconomyBusiness

Markets: IndiaBangladeshSouth KoreaMali

Topics: Elon Musk Delaware judge Shareholder vote US corporate executive Record pay package Kathaleen McCormick Pay plan rejection Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 09:38:15 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 751 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24108530

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Official Website: timesofindia.indiatimes.com

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