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๐Ÿ˜ญ #ElonMusk gets poor?

Elon Muskโ€™s $56bn Tesla pay package is too much, judge rules

A Delaware judge on Tuesday ruled in favor of the investors who challenged billionaire Elon Muskโ€™s $56 billion Tesla pay package as excessive.

โ€œNever incorporate your company in the state of Delaware,โ€ Musk responded on #Twitter / #X

This comes at a time when Musk is looking to make more money and gain greater control of the company.

Teslaโ€™s agreement with Musk is already the largest compensation deal ever for an executive.

The issue has been going on for years and even saw Musk testifying in November 2022 that the money โ€œwould be used to finance interplanetary travel.โ€

Tesla directors argued that the company wanted Musk to pay more attention to #Tesla

The plaintiffโ€™s legal team also argued the board had a duty to โ€œoffer a smaller pay package or look for another CEO and that they should have required Musk to work full-time at Tesla instead of allowing him to focus on other projects.

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