Social Media & Child Safety, Elon's Paycheck, and Guest Conor Dougherty
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Shareholder Lawsuit Rejects Elon Musk's Compensation Package
A Delaware judge voided Elon Musk's $55 billion compensation package from Tesla, calling it unfair to shareholders and deeply flawed. The judge ordered Tesla to cancel the stock options award to Elon valued at about 51 billion and directed the directors to create a new compensation plan. This ruling reflects the power of shareholders in influencing board decisions and the need for transparency and fairness in executive compensation.
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