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.
Risk vs Reward.
A relatively small cost towards legal fees has a decent chance to yield a large payoff.
Musk is a warped gollum-man, but not an idiot by any means.
He’s a sociopath with absolutely no moral compass. This may have made him a great CEO, but it doesn’t mean he’s smart.