Judge voids Elon Musk&;#039;s &;quot;unfathomable&;quot; $56 billion Tesla pay package
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Judge voids Elon Musk&;#039;s &;quot;unfathomable&;quot; $56 billion Tesla pay package

A Delaware judge on Tuesday ruled that Elon Musk's record-breaking $56 billion Tesla (TSLA.O)‚ opens new tab pay package could be tossed‚ calling the compensation "an unfathomable sum" that was not fair to shareholders‚ according to a court filing. Shares of Tesla dropped 3.7% in extended trade. The ruling swept away the largest pay package in corporate America. The judge found it was negotiated by directors who seemed beholden to their headline-making CEO and the promise of allowing him...