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Judge Voids Musk's Multibillion Dollar Pay Package Again

Bloomberg Law

ANECDOTE

Musk's Pay Package Voided (Again)

  • A Delaware judge voided Elon Musk's multi-billion dollar Tesla pay package for a second time.
  • Tesla's board plans to appeal to the Delaware Supreme Court.
  • Professor Eric Talley suggests Tesla could offer a new pay package to Musk, now that Tesla is a Texas company.
  • Texas courts have been courting Musk, which might mean a friendlier venue.
  • However, the tax treatment of a new package would be less favorable, and wouldn't eliminate a nearly $350 million attorney fee award resulting from the voided package.
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