A Delaware judge has ruled Elon Musk's $55.8bn pay package is too excessive.
The judge cited "the process leading to the approval of Musk's compensation plan was deeply flawed," citing his "extensie ties" with those negotiating his pay deal initially approved in 2018.
The case went to trial in late 2022 when a Tesla shareholder, Richard Tornetta, asked the court to cancel the pay deal, alleging Musk controlled the approval process and that the board misled investors.
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