Delaware judge again rules against Tesla paying Elon Musk $56B package

Dec. 3 (UPI) -- A Delaware judge has again turned aside Tesla's attempt to pay its chief executive officer, Elon Musk, a massive compensation package valued at tens of billions of dollars.

The package, consisting of 12 tranches of Tesla stock options, was valued at $56 billion in 2018 when Tesla's board of directors had awarded it to Musk. However, shareholder Richard Tornetta filed litigation against the largest-ever executive compensation package, arguing that it was unfair.

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