CNN —
Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting.
The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. It had been previously thrown out in January by the same judge, Delaware Chancery Court Chancellor Kathaleen McCormick. The package was worth around $56 billion at the time the judge threw out the package.
At the time, McCormick ruled in favor of
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