Tesla shareholders approved Elon Musk's pay package in June, after it was voided by a judge in January. But that wasn't enough, the court ruled.

Summary via ChatGPT

A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.

  • Corkyskog@sh.itjust.works
    41·
    23 days ago

    One thing no one can deny is he is one of the world’s best modern con artists. Between what he has done to make a killing in crypto pseudo-legally and him dodging SEC violations like Neo from the Matrix is super impressive.

    • Doomsider@lemmy.world
      11·
      23 days ago

      The best con artist would not have a third of the world realizing he is full of shit.

      You are right about him getting away with fraud. It is apparent that it is nothing unusual though as every rich white man seems to get a free pass to break the law.

      • Corkyskog@sh.itjust.works
        21·
        23 days ago

        Actually the better con artist can have a ton of people know who he is and pull the same con over and over again, and he is doing that in spades. It’s like he doesn’t even need to hide it he is so good.

        • Doomsider@lemmy.world
          3·
          22 days ago

          It is more a indictment of modern society as we have a lot of wealthy conartist including our new POTUS doing the same thing. You only have to look at examples like the pillow guy to see just about anyone can make it big with the right connections.

          So is he really good or is the environment just bad and allows these charlatans to operate with impunity. I definitely lean towards the later.