Elon Musk's Voided Pay Package

A Delaware Chancery Court judge has voided Elon Musk's multibillion-dollar pay package from 2018 twice, determining that the Tesla board was improperly influenced by Musk himself when agreeing to the terms. Initially voided in January 2024, the package was worth $56 billion, which ballooned to $101.5 billion by the time of the second voiding. The judge ruled that Musk breached fiduciary duties and the approval by shareholders did not remedy these violations. Despite the decision, Musk remains the wealthiest person in the world, indicating the ruling's limited impact on his overall wealth.