Weekend Feb 3 2024
Continuing out theme that big things happen at market tops, a Delaware Judge calls Musk pay package unfath omable
WILMINGTON, Jan 31 (Reuters) – A Delaware judge tossed out Elon Musk's record-breaking $56 billion Tesla (TSLA.O)
pay package on Tuesday, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders.
Shares of Tesla dropped about 2% in premarket trade, and some investors seized on the ruling in hopes it might prompt Tesla to overhaul its governance.
The Tesla board has been criticized as failing to provide oversight of its combative, headline-making CEO, who has fought regulators and led several other companies at the same time.
Musk reaction is to re locate TSLA headquarters out of Delaware to Texas.
Professor Elam 
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