Elon Musk should get his $55 billion Tesla pay package, Delaware Supreme Court rules

Elon Musk is entitled to his 55.8billionTeslapaypackagefrom2018,DelawaresSupremeCourtruled.ADelawareChanceryCourtjudgestruckdownthecompensationpackagelastyearafteraTeslashareholdersuedoverthemassivepayday,whichwastiedtoaseriesofgrowthgoalpostsfortheEVcompany.TheDelawareSupremeCourtsrulingoverturnsthatdecision,sayingitwastooextremearemedy.Teslashareholdersrecentlyapprovedanevenbiggerpaypackageofupto55.8 billion Tesla pay package from 2018, Delaware's Supreme Court ruled. A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company.The Delaware Supreme Court's ruling overturns that decision, saying it was too extreme a remedy. Tesla shareholders recently approved an even bigger pay package of up to 1 trillion for Musk if Tesla achie ...