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Elon Musk is entitled to his $55.8 billion Tesla pay bundle from 2018, Delaware’s Supreme Court docket dominated.
A Delaware Chancery Court docket choose struck down the compensation bundle final yr after a Tesla shareholder sued over the large payday, which was tied to a sequence of development goalposts for the EV firm.
The Delaware Supreme Court docket’s ruling overturns that call, saying it was too excessive a treatment.
Tesla shareholders just lately authorized a good larger pay bundle of as much as $1 trillion for Musk if Tesla achieves additional gross sales and development targets.
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