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Elon Musk $56 billion compensation annulled

The pay deal was the biggest ever in US corporate history, helping to make Mr Musk the richest person in the world. Following years of legal argument, a week-long trial commenced in November 2022 where Tesla directors argued the huge pay award was designed to ensure that Mr Musk, one of the world’s most dynamic entrepreneurs, would continue to dedicate his attention to the company. A judge in the US state of Delaware has annulled a $55.8bn (£44bn) pay deal awarded to Elon Musk in 2018 by the electric car company Tesla. The lawsuit was filed by a shareholder who argued that it was an overpayment. What is your take on the court decision ?

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