Given the electric car maker's annus horribilis so far in 2024, does the chief even deserve it?
A Delaware court may have voided Elon Musk's $56 billion Tesla pay package in February, but now the board is asking shareholders to reinstate it.in February after a Delaware court decided it was unfairly approved by the board due to Musk's close ties with members and substantial influence over his electric car company.
"Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years that has helped to generate significant growth and stockholder value," Denholm said in a letter to shareholders included in the statement.
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