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Why Elon Musk’s ‘self-driving’ of Tesla’s board and its decision to pay him $56B collided with the law – and what happens next

  • Written by Justin P. Klein, Director of the Weinberg Center for Corporate Governance, University of Delaware

Delaware Chancery Court Judge Kathaleen St. Jude McCormick has blocked Elon Musk’s US$55.8 billion pay package, which Tesla’s board of directors approved in 2018 through a process she found to be “deeply flawed.”

No CEO of a publicly traded U.S. company has ever been paid this much for one year’s work, according to...

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