
Judge Voids Musk's Multibillion Dollar Pay Package Again
Bloomberg Law
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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