Learn English: Tesla CEO's $56 Billion Pay Package Faces Legal Challenge (hard)

5 months, 2 weeks ago

Tesla CEO's $56 Billion Pay Package Faces Legal Challenge

Elon Musk's attorneys are arguing in court for a judge to overturn her decision to invalidate his $56 billion pay package, which was approved by Tesla shareholders.

The judge previously ruled the pay package was excessive and unreasonable, but shareholders later re-voted in favor of it.

Musk's lawyers contend that the shareholder vote should be honored and are challenging the judge's authority to override their decision.

The judge is hesitant to overturn her previous ruling, concerned it could set a precedent for future cases where shareholder votes contradict legal decisions.

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Source

Original: Teslarati.com

Tags

#Elon Musk #Tesla #Pay Package #Legal Battle #Shareholder Vote

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