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Judge Denies Elon Musk’s $56 Billion Pay Package

In 2018, Tesla’s board approved a pay package for Elon, predicated on him achieving certain milestones for Tesla, which he has attained. However, a Delaware judge recently nullified the $56B pay package, on grounds that the pay is very extravagant and the process to approve the package was flawed. Will Elon repeal the judge’s decision? Elon has tweeted he is planning to move Tesla’s state of incorporation from Delaware to Texas.


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